Leftbank condos toronto. The popularity of Canadian real estate continues unabated. Dawen property prices remain so hot that many prospective home buyers look at the door and sigh. Some people even point the finger at overseas buyers, accusing overseas speculation of driving up house prices.Please Visit: Leftbank condos toronto to Get Your VVIP Registration Today!
However, the Urban Development Institute (UrbanDevelopment Institute, or UDI) points out that tightening regulations or imposing additional taxes on overseas home buyers will not help solve the problem, as foreign buyers actually make up only a minority of the local market.
Anne McMullin, chairman of UDI, pointed out that only 2.2 per cent of the Bowen units promoted by Lenny Marketing (Rennie Marketing System) involved foreign buyers.
She added that it was believed that the main reason for this group of overseas buyers was to buy comfortable homes for their families living in Hong Kong, such as adults or children who were studying.
McMarlin believes that the effective way to curb the soaring property prices is to increase supply. At present, as many as 2.5 million people live in the whole area, while there are only 47000 single-family houses. She suggested that the Government should approve changes in land use and increase living density in communities with a concentration of independent housing estates, thereby increasing the supply of housing units.
She believes that people’s perception of increasing living density has changed. More and more people feel that independent housing estates occupy a large amount of land and increasing living density will help improve the efficiency of land use.
McMarlin stressed that, in fact, the shortage of affordable housing in Vancouver and the entire meteoric area is a long-standing problem.
As the first overseas real estate e-commerce trading platform in China, Fangxia overseas Real Estate will hold a high-end real estate exhibition in Vancouver on June 6, 2015 to provide comprehensive one-to-one home purchase advice for buyers and bring high-quality housing in Vancouver for suppliers to choose.