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Canada has always been one of the countries that Chinese people yearn for most.
With money, people and skills, come on, do it.
Crazy speculators, the terrible power of Chinese capital, began to sweep Canada.
In 2015, the total sales price of the Toronto property market was C $63 billion, with Chinese buyers accounting for 15%, with a turnover of nearly 50 billion yuan.
In Vancouver in 2015, Chinese buyers spent C $12.7 billion, or more than 60 billion yuan, on property in Vancouver, accounting for 33% of total local property sales.
The West side of Vancouver is the most expensive place for warm housing prices, equivalent to Jing’an in Shanghai, Xicheng in Beijing, Futian in Shenzhen, Yuexiu in Guangzhou, Shangcheng in Hangzhou and Zhengdong New area in Zhengzhou.
It is in this high-priced area that more than 75 per cent of houses worth more than 3 million Canadian dollars and 1500 yuan are bought by Chinese.
One of the Chinese students, Tian Yu Zhou, bought a mansion in Cape Gray, Vancouver, for 31.1 million Canadian dollars and 160 million yuan.
Set a record for the highest transaction price of a luxury house in Vancouver.
The other set was bought by a Xuan Kai Huang Chinese student for C $7.19 million and 37 million yuan. Later, the student sold the house for C $8.35 million, making a full net profit of C $1.16 million, or RMB 6 million.
Not only students, but in the six months of 2015, there were 172 properties worth more than C $1 million in Vancouver, 66% of the buyers were Chinese, their names were Hanyu Pinyin, and the buyers worked as housewives.
Among them, 4 million-5 million Canadian dollars and 20.21 million-25.26 million yuan of real estate transactions, Chinese buyers accounted for 95%.
House prices are rising higher and higher, buy it, do nothing, hold it in the market and then sell it, you can lie down and make a lot of money.
Not only mysterious students and housewives, but also stars have come to make a bucket of money.
Fan Bingbing bought many homes in Canada and rented student apartments, making a lot of money, and hidden assets may make more money than filming.
The power of capital from China has pushed up the Canadian property market rapidly.
From June 2015 to June 2016, house prices in Vancouver rose by 36.4%, ranking first in the world.
Under the soaring house prices, many Chinese people think that native Canadians will be very happy. House prices have gone up, how happy they are.
In fact, on the contrary, Canadians are not happy.
High house prices have made it impossible for many local families to afford houses.
First throw a word, housing affordability index, what does it mean, is your family’s annual income, do not eat or drink, how long you can buy a suite.
With house prices skyrocketing, the housing affordability index in Vancouver and Toronto has risen rapidly, of which the housing burden ratio in Vancouver requires a family not to eat or drink for more than 12 years before they can afford it.
Vancouver topped the list in UBS’s global property bubble.
Not only the house price goes up, the rent goes up, the monthly rent of the apartment also costs 1000 Canadian dollars, and there are 40 people waiting in line to get it, but can’t even get it.
This will cost the life of the renter if he can’t afford to buy a house.
Many Canadians think that it is the Chinese real estate speculation group that inflated house prices, and they hate the Chinese guts and are very angry: you rich people in China come to buy this set of two sets, three sets, four sets, five sets and six sets, regardless of whether we live or die. We just want to make money from real estate speculation.
You Chinese can not relax, walk the dog, go to the football game, go on vacation, go to the gym, go to the coffee shop, don’t go to the opera, but we Canadians must!
High house prices have led to a sharp decline in the quality of life of Canadians, which they cannot tolerate.
Those who can’t afford to buy a house hate Chinese, so with this wave of increase, Canadians who have bought a house to live in should be grateful to the Chinese, right?
It’s gone up. Their house has gone up by hundreds of thousands.
In fact, many of them hate it even more!
A lot of people think, why? It’s not scientific.
Because, in Canada, it is necessary to collect land tax and property tax, which is levied according to the average transaction price of houses in this neighborhood every year.
Those who have bought a house used to pay a tax of more than C $10,000 a year, but now they have to pay an extra C $20,000 a year because of skyrocketing house prices.
This has caused a particular collapse of middle-class wage earners who have bought houses, with no increase in wages and higher taxes.
Twenty thousand Canadian dollars is enough for the family to go on holiday several times, to see how many operas and how many cups of coffee to drink.
Especially those old people who originally planned to spend their twilight years in the old house, but as a result, the house went up and the tax went up, so that they could not make ends meet, so they had to sell the old house and move out to rent it.
Therefore, many Canadians cannot afford to buy a house, rent a house or support a house. They can only lower their quality of life, change their lifestyle, go on vacation, lose their meal, lose their new home appliances and mobile phones, lose their new cars, and so on. Naturally, people are full of grievances.
The Canadian government and developers continue to receive protest e-mails from Canadians. Angry Canadians take to the streets and raise signs to protest, saying that house prices are too high, they have no place to live, there are too many Chinese, harm to Canada’s next generation, and their immigration should be restricted. Some even threatened to plant bombs.