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This project is completely different from the overseas real estate promoted in the mainland in the past. It is a quality real estate investment project that integrates tourism real estate, high-end property and high-quality service.
The project is located in Canmore, Alberta, near Calgary, Canada, which is also the gateway to Banff National Park and many outdoor recreational activities. “the time is ripe for Canada to be an elite investment market in Asia,” said GuyTurcotte, CEO of project developer StoneCreekResorts, Inc. “the project provides all the luxury and charm necessary for typical mountain resorts in North America and Europe, while at the same time, it is famous for Canada’s sound security system, Alberta’s energy-supported booming economy and its simple, primitive beauty. ”
Alberta’s real estate market is stable. Investors can choose one of two lease plans, namely, leasing to holidaymakers or long-term tenants. This market is growing and the currency is strong, which provides a lot of opportunities for investors in Asia, “said Ju-lian Sedgwick, head of business development and director of first Pacific Davis.
While the housing recession so far has not been close to the level of the 2008 financial crisis, housing market data are a key variable for central bankers who want to curb inflation without triggering a deep recession.
Bubble markets such as Australia, New Zealand and Canada are already facing double-digit house price declines, but economists believe the global decline has only just begun.
According to the media, Hideaki Hirata of National Chengchi University said: “We will observe a synchronized decline in the global real estate market in 2023 and 2024.” Hideaki Hirata, a former economist at the Bank of Japan, warned that the full impact of this year’s sharp interest rate hikes on households will take time to become apparent.
