Buy condo scarborough . 2 million robbed an apartment. Mr. F’s family of four landed in Canada this year and settled in Halifax, the capital of Nova Scotia.
Affected by the blockade during the epidemic, people have moved out of the city’s core areas in search of cheaper places with more living space. Coupled with the record low interest rates of the Bank of Canada, the otherwise calm real estate market in this seaside town has also been hot this year.
Mr. F says this year’s real estate market often reminds him of China a decade ago, when buyers scrambled and prices changed day by day. And he also joined the army of house buyers, and after several fierce bids with other buyers, he finally bought a self-contained house.
In fact, when I first landed in Hafa, like most new immigrants, I was in no hurry to buy a house. I wanted to rent an apartment for a year first. We are unfamiliar with the land, and we don’t even know exactly how many types of houses here are and what location is a popular area to buy a house, so we want to know more about the surrounding environment before we sell.
The apartment we rent is very close to the school. it is an old house with a wooden structure. During the epidemic, sometimes two children couldn’t go to school, so they ran around at home, making a lot of noise, and we were often worried that it would affect our neighbors. And because it is a transitional room, the living space is not large, after putting some sundries, bicycles and outdoor toys, it becomes more crowded. Especially with the advent of winter, children spend less and less time outside, and the library is closed, so the space at home is particularly important.
I once visited a friend’s independent house and saw that his backyard was the size of a basketball court with a price of more than 400,000 Canadian dollars (about 2 million yuan). Compared with the house prices in domestic first-and second-tier cities, the price-to-performance ratio of houses here is very high. And because of the epidemic, bank lending rates are so low that they can apply for loans with an interest rate of about 1.9%, and can choose a fixed interest rate of three or five years. Compared with the domestic loan interest rate of 4% or even 5% or more, it is also very cost-effective.
In this way, we put the “rigid demand” on the agenda in advance and started a magical house-buying trip that lasted more than a month in a foreign country.
With a shortfall of C $900, we missed “dream house”.
When we really began to look at the house, we found that there were many buyers with the same idea.
According to our real estate agent Kevin, the housing market in Hafa has been lukewarm before. House prices here were at a low ebb in 2013, with Nova Scotia’s first batch of immigrants following the federal fast-track provincial nomination in 2015, and a pilot program for immigrants from four Atlantic provinces was opened in 2017, attracting more immigrants.
But even so, house prices have only been rising moderately, for a tacit reason: many people just use Hafa as a transit point for immigrants and prefer to live and work in and around Toronto.