The boulevard condo thornhill . Young people in this city of Ontario have the lowest home purchase rate. This city in Ontario has the lowest housing rate among people between the ages of 20 and 29 in Canada. At present, the average house price in this area is 787758 yuan.
As real estate in Ontario becomes more expensive, it is not just Hamilton that makes it impossible for young people to settle down.
The home ownership rate of young people in Toronto is also the third lowest in the country, with an average house price of 1075636 yuan.
The cities with the lowest housing rates for people between the ages of 20 and 29 are as follows:
Hamilton: 0.07 (average house price: $787758).
Vancouver: 0.07 (average house price: $1290250).
Toronto: 0.07 (average house price: $1075636).
Victoria: 0.08 (average house price: $829600).
Montreal: 0.08 (average house price: $498900).
House prices in the United States are still much cheaper than in many parts of China, such as $2930 per square meter in New York, Jersey City and Baiyuan Town, Shangzhou, compared with $28670 per square meter in Hong Kong and $11829 in Shanghai.
But at a recent report release forum, George Chmiel, executive chairman of Juwai, which serves Chinese buyers of foreign homes, said that Sino-US relations have stabilized since Biden took office, making it easier for Chinese people to obtain US visas, and Chinese buyers’ interest in the United States has rebounded. In terms of inquiries about Chinese buyers buying houses abroad in the first quarter of this year, the United States became the second largest destination after Thailand, while the United States ranked fourth among Chinese buyers in 2019 after Thailand, Australia and Japan.
The median selling price of second-hand homes in the United States reached an all-time high of $363300 in June, according to a report released last Thursday by the National Association of Realtors. ‘The demand for home ownership in the United States is very strong, so the reduction in purchases by foreign buyers has not put pressure on the overall market, ‘said Lawrence Yun, chief economist of the association. Rong Xiaoqing, a reporter from Sing Tao, reports from New York. “A listed house in Arlington, Virginia.