33 yorkville buzzbuzz . 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.Please Visit: 33 yorkville buzzbuzz to Get Your VVIP Registration Today!
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 that they have a good chance of coming back after the epidemic.
Let’s take Vancouver real estate as an example. Many people’s impression of Vancouver real estate is that “house prices are inflated” and “house prices are falling and have not yet reached the bottom”, but the release of the 2019 ranking of Global Urban Rent returns confirms Vancouver’s reputation. Vancouver property ranks eighth in North America and 24th in the world with a rental return of 3.48%. Toronto and Montreal are even higher, ranking 15th with 4.67% and 17th with 4.54%, respectively.
Compared with these cities, Hangzhou has the highest rental income in China, but the rate of return on rent is only 2.09%. The rate of return on rent is 1.87% in Guangzhou, 1.79% in Shanghai, 1.78% in Beijing and 1.6% in Shenzhen.
Comparing bank lending rates, Chinese commercial banks’ mortgage rates are about 4.85-5.5% in 2019, while Canadian mortgage rates are about 3%. In other words, the interest rate on the mortgage is lower than the rate of return on rental, which means that as long as you make a down payment, it is enough to repay the mortgage with rent.