Langstaff Gateway Condos price list.Chinese house price vs Canadian house price? Hong Kong, China, has the highest house prices in the world, at US $1.2544 million (about C $1.68 million).Please Visit: Langstaff Gateway Condos price list to Get Your VVIP Registration Today!
Housing prices in Shanghai, Shenzhen and Beijing are US $905800 (about C $1.21 million), US $783900 (about C $1.05 million) and US $763500 (about C $1.025 million) respectively.
Vancouver ranked seventh with US $754600 (C $1.003618 million), while Toronto ranked 12th with US $617900 (C $821800).
First, the house in the north, Guangzhou and Shenzhen, vs Canadian house.
During the five-year regulation period, housing prices rose 23.27% in Beijing, 25.53% in Shanghai, 42.00% in Guangzhou and 61.19% in Shenzhen (4.23% in Beijing, 4.64% in Shanghai, 7.64% in Guangzhou and 11.13% in Shenzhen). It is estimated that by 2022, the house price in Beijing is about 48522 yuan / square meter, that in Shanghai is about 59315 yuan / square meter, that in Guangzhou is about 23394 yuan / square meter, and that in Shenzhen is about 89234 yuan / square meter.
Let’s take a look at Canada, Toronto and Vancouver are all cities with rapid house price appreciation, especially after Vancouver levied an additional 15% transfer tax on overseas people, and Toronto house prices surpassed Vancouver all the way. It is estimated that the amount of investment will be about 1148420 yuan or 1630720 yuan, which is 10 million lower than that in China. But we can see that when the amount of investment in Guangzhou is similar to that in Vancouver, the return on investment in Vancouver is more than double.
Second, the difference of house prices in different provinces of Canada.
Although we have said before that Canadian house prices are not high, but can not stand Vancouver, Toronto house prices are expensive! According to a new study from Simon Fraser University in Vancouver, Vancouver overtook Los Angeles, New York and San Francisco to top the list of unaffordable real estate in North America. Toronto ranked fourth.
But in fact, Canadian provinces and cities vary greatly, with major urban areas such as Victoria, Hamilton and Calgary spending an average of more than C $400000, followed by Vancouver and Toronto. 306944 Canadian dollars in Halifax and 266578 Canadian dollars in Quebec, followed by lower prices in cities such as Winnipeg and Montreal.
Due to differences in regional economic development, house prices are also different in many cities in one province of Canada. For example, the average house prices in Ottawa, Oshawa and Windsor in Ontario are C $373200, C $480700 and C $247000, respectively. The prices in Calgary and Edmonton, the major cities of Canada, are C $458000 and C $378200 respectively.
So if you want to emigrate to Canada and think that the house prices in Vancouver and Toronto are too high, you can also consider other cities. Of course, even the most expensive Vancouver is cheaper than the domestic one.
If we calculate according to the average price of second-hand housing in Shanghai is 50, 000, a 100-square-foot house may cost 5 million a house, just an old apartment with a good location and in all respects.
In the BC provinces of VERNON and WEST KOOTENAY, which are part of the Canadian Township and Northern Community Migration Program, for example, although house prices have experienced double-digit growth over the past year, they are still cheaper than the average prices in many nearby cities. A townhouse costs only C $200000, which means you can buy VERNON5 townhouses with amazing views, enjoy rolling vineyards and golf tournaments. Nelson in the WEST KOOTENAY area, you can buy two houses covering an area of 1000 square feet, and you can enjoy the maple leaves and winter snow at home.
Third, how should ordinary people choose in the future.
Compared with Shanghai and Vancouver on the list, the average monthly salary in Shanghai is now 140270 yuan, or US $2015, while the average monthly after-tax salary in Vancouver is about US $2296. According to the house price of US $905800 (about C $1.21 million) in Shanghai and US $754600 (about C $1.003618 million) in Vancouver, there is a difference of more than C $200,000 (about C $1 million). And this gap may also be able to buy another property in remote areas.
We have not counted that there are a lot of shared areas of houses in China, of course, there is no property tax in China, but the property tax has been put on the agenda, according to the current financial situation, the property tax can be said to be imperative. And the property in Canada is permanent, while in China it is 70 years old.
Although only 5% of people in China pay personal tax, there are countless people in China who overdraw the wallets of three generations, especially young people who devote most of their income to real estate every month and become standard house slaves, tied to day and night hard work because they are afraid of losing their jobs and unable to repay their loans.
If you only live in a third-and fourth-tier city and own real estate, you may be able to live a small life with peace of mind, but if you are in a first-and second-tier city, fighting for your real estate but not within the scope of a high-income group, this kind of life is undoubtedly bound by high housing prices and constantly overdraws its own quality of life. And it has been repeated for generations.
IV. The advantages of Canadian investment in buying a house.
A recent survey by Finder found that 3.4 million people in Canada think they will rent a house for the rest of their lives. In other words, almost one in 10 Canadians thinks they will rent it for the rest of their lives. The proportion is the highest in Nova Scotia province, at 15 per cent.
The average rental price for 2 rooms in Toronto is $2669 and that in Vancouver is $2478. Although rents in Toronto and Vancouver have fallen by 7.7% and 15.8% respectively as a result of the epidemic, people concerned have said they have a good chance of coming back after the epidemic.