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After the Federal Reserve announced a 0.25 increase in interest rates, the stock market had little impact because of compliance, but the Canadian dollar fell, with the Canadian dollar now trading at 0.724 U.S. dollars and below the 4.7-month mark.
With the exchange rate falling, now is a good opportunity to buy Canadian real estate. Take the TheStanley near Stanley apartment in Toronto as an example, the total price is C $278900, the total purchase price is $1.312 million on December 16, and $1.309 million on December 17, which means a shortfall of $10, 000!
While the US is raising interest rates, Canada’s interest rates are falling and may enter an era of negative interest rates. Stephen Poloz, governor of the Bank of Canada, said on December 8th that Canada could theoretically follow the example of other countries by reducing interest rates to negative values to stimulate the economy. It is cheaper to buy a house, and you only have to pay small interest on a mortgage loan from a commercial bank.
Real estate experts in Canada pointed out that under the dual effect of interest rate and exchange rate, the good time for Canadian real estate has come!
Look at the properties that we sell very well this year: increase the income of property value preservation assets; lie down and earn 100000 a year; full-mark education housing, push the door to enjoy; immigrants, the whole family can go together.
In the long run, the root of the housing problem lies in the huge differences between Canadian cities. In another larger city, the average price of a house in Saskatoon, Saskatoon, is just over C $300000 (about 1.6 million yuan), while that in Regina is less than C $300000. It seems to be in a different world from Vancouver and Toronto.
Canada’s inability to attract more citizens to other cities is a more worthy consideration. Why can’t other cities have the opportunities that Toronto can give people, and why other cities can’t retain talented people.
Toronto has become an international metropolis: professional teams from major sports leagues, people from all backgrounds around the world, and one of the best universities in the world. But these beautiful things also make people find it more and more difficult to afford life here. In contrast, Canada’s Atlantic region has experienced an economic slowdown due to a lack of population growth. How to better allocate resources and reduce the differences between cities is the root cause of solving the housing problem.
If we think about the difference in housing prices between Hegang and Beijing, we may be able to understand why they are also habitable houses, but their prices are so different.
