bravo festival condos review.House prices in Canada have not risen as much as in China? Domestic fixed asset investment was 25.836 trillion yuan, a nominal increase of 9% over the same period last year, while private fixed asset investment was 15.8797 trillion yuan, a nominal increase of only 2.8% over the same period last year.Please Visit: bravo festival condos review to Get Your VVIP Registration Today!
From the point of view of the growth rate, Chinese investment is facing a situation of “cold inside and hot outside”.
Where are the overseas investments made by Chinese people? According to 2015 data, last year, Chinese residential purchases in the United States totaled 28.6 billion yuan, followed by Canada with 11.2 billion yuan.
Suffering from the global debt crisis in 2008, the economies of developed countries in Europe and the United States were hit hard, and real estate became the hardest hit. House prices in many European countries generally fell by 30-40%, and those in the United States were not immune. In those years, the US economy was in the doldrums and unemployment rose, triggering a supply outage of real estate. By contrast, Canada is less affected by the economic crisis. Take Vancouver, where house prices in Canada have risen the most, for example. Some people say that house prices in Vancouver have risen by an estimated 300 per cent over the past decade, but Better Dwelling, a Canadian real estate English media, has found that it is growing at an annual rate of only 2.6 per cent after taking into account factors such as the exchange rate.
Domestic housing prices: according to the report of Tsinghua University, during the 10 years from the first quarter of 2006 to the end of 2015, housing prices in China’s major cities rose by 255.1%, with an average annual increase of 13.5%. Among them, housing prices in Shenzhen rose by 508.5%, Shanghai by 384.6% and Beijing by 38%.
Judging from the increase in house prices, the return on real estate investment in Canada is much lower than that in China.
If only from the return on investment, Canadian real estate does not increase as much as China, but in the long run, the investment value and housing performance-to-price ratio of Canadian real estate are much higher than those in China, so it is suitable for long-term investment.
First of all, Canadian real estate growth is stable. Judging from Toronto real estate data in recent years, Toronto house prices have been rising steadily for 20 years in a row, which is extremely beneficial to Chinese high net worth people who get a share of domestic real estate profits. Continue to preserve the value of your property.
Secondly, Canada has a stable rental market. Toronto is the economic and trade center of North America, with a large population density and a concentration of famous schools. Toronto is also the economic and trade center of North America. Many multinational companies and Fortune 500 enterprises are concentrated here. Every year, top talents from the world gather in Toronto.
Thanks to the coming to power of the Liberal Party and the liberalization of immigration and study abroad policies, the Canadian population will usher in an explosive period in the next few years, and the population growth will directly lead to an increase in housing demand.
Statistics show that 40% of international students choose Toronto, and the current rental rate in Toronto has reached 92%. In addition, Canada implements a low-interest policy, and the mortgage interest rate is very low. If you invest in Canadian apartments, the monthly rent can afford the monthly loan, and you can still have a little balance. If you invest for a long time, there will be no pressure.
Finally, the housing area in Canada is different from the domestic calculation method, the area purchased by buyers, that is, the area in the suite, the floor space and the shared area are not included in the purchase area. At the same time, gymnasiums, audio and video rooms, and other supporting facilities are complete, as long as the owners pay property management fees, these facilities can be used free of charge. Canadian house decoration is also very different from the domestic, Canada does not have the concept of rough housing, the houses purchased are generally decorated, and equipped with simple living facilities, owners as long as buy some daily necessities, can move in.