M2m condos sales office. Global wealth is pouring into Vancouver, Canada. Even if it has fallen below the ten-year average for several months in a row, the average price of a warm house is still more than one million.Please Visit: M2m condos sales office to Get Your VVIP Registration Today!
However, whether the price is expensive or not also varies from person to person!
In fact, for the world’s rich, why are they willing to buy a house in Vancouver? according to a survey by the Huffington Post.
Canada is the third largest inflow country in the world, according to a report on global wealth flows.
But compared with the United States in first place and Australia in second place, Canada’s inflow of foreign wealth is still too small.
According to the report, global wealth flows are mainly concentrated in developing countries, transferring wealth to safer, more stable and richer countries.
The main outflows include: China, Russia, India and Turkey.
Statistics show that more than 100000 millionaires worldwide are migrating in 2018.
Investment immigration is an effective way to attract the inflow of international wealth, and there is such a group among the large number of immigrants in Canada.
For these rich people, it is really not expensive to buy a house in Vancouver.
Take an apartment with an area of 185 square meters as an example. Vancouver does exist in the global popular apartment investment market, but it is at the bottom!
If calculated according to the unit price of the apartment per square meter, Vancouver is even cheaper, only $11000 per square meter, which is still the cheapest!
The past two years have been difficult for many home buyers-especially for first-time buyers-strong federal stress tests and higher interest rates at Canadian banks have increased the cost of borrowing.
However, the central bank recently announced that it would keep interest rates unchanged, and many would-be home buyers have time to adapt to stress tests. In addition, the Canadian Mortgage and Housing Corporation (CMHC) program, the incentive scheme for first-time buyers, has been launched this month with interest-free loans of up to 5 per cent resale prices, which should stimulate more people’s enthusiasm for buying homes.