Bravo festival condos vaughan. China’s house prices have risen by more than 50% in two years. Canadian permanent residents, foreign workers and students are not subject to this new measure. Foreigners who buy houses in Canada as their main residence can also be exempted.Please Visit: Bravo festival condos vaughan to Get Your VVIP Registration Today!
According to the cover news, the housing problem has been going on in Canada for several years. Canada, as a country of immigrants, at least 300000 immigrants come to Canada every year, but the supply of housing is restricted by various factors, which leads to a continuous rise in housing prices. Some foreign capital then entered the Canadian real estate market to invest and make a profit, further pushing up house prices and causing public dissatisfaction. Two years after the novel coronavirus epidemic, house prices in Canada have risen by 52%, according to a report by the China well-off Network, citing the Canadian Global Post.
People familiar with the matter said, “what needs to be restricted are those who have bought property in Canada but never come to live. They leave the house empty so that those who need to buy a house have no house to buy when there is a shortage.”
“although this measure may reduce some of the competition in the housing market, I don’t think it will lead to a drop in house prices,” said the founder of a real estate investment company. ”
The Economist, the UK’s iconic publication, published a global house price index that compared property values around the world with local income and found that the Greater Vancouver area was overvalued by 65 per cent. That makes Vancouver the fifth-largest city in the world after Hong Kong, Auckland, Paris and Brussels where property is overvalued.
A very favorable condition of the Canadian real estate market is the relationship between supply and demand, which has been in short supply in real estate. Canadian buyers, especially young ones, can be called “house-hungrybuyers” and are almost always ready to enter the market. When the house price is too high, they do nothing. As long as the house price falls slightly, they will immediately buy a house. Yes