Union city condos.The battle for houses is fierce. A Toronto real estate agent pointed out that since the beginning of spring this year, real estate sales in Waterloo, Canada have continued to flourish, and Chinese buyers from many districts have moved in more aggressively, which has something to do with the skyrocketing housing prices in Toronto.Please Visit: Union city condos to Get Your VVIP Registration Today!
Liu Xin, a real estate agent familiar with the real estate market in Waterloo, said that since May this year, there has been a continuous increase in the number of foreign buyers who intend to buy property in Waterloo, and a large number of Chinese in popular neighborhoods have taken part in the battle for houses. Among them, there are college students, parents who accompany their studies, and young employees employed by large companies, with the largest number of Chinese buyers aged between 30 and 50.
“not many Chinese buyers focused on Waterloo two years ago, but recently house prices in Toronto have risen too fast and frighteningly fast, forcing many people to come to Waterloo to look for low-rise houses that are more affordable. Although house prices in Waterloo are also rising, it is still very cheap compared with 50 to 700000 yuan to buy independent houses, so there are a lot of people who have emigrated from many districts. Laurelwood Village and Eastbridge Village in Waterloo City are the most concentrated Chinese communities. ”
She revealed that she heard that a large Chinese supermarket chain was about to open a branch in Waterloo. If it happens, the difference between Toronto and Waterloo will narrow again.
“in the past, Chinese seldom came to Waterloo to live because there was a lack of Chinese shops and restaurants in the city, but now there are more and more Chinese restaurants. If you add large Chinese supermarkets, there is not much difference in life, but the price of the house is much cheaper and the living environment is good.”
Liu Xin pointed out that in the past, it was not common for Waterloo to grab offer, and good real estate only appeared during the summer peak season, but now it is November to December, and the battle for real estate is still fierce.
“good real estate is usually overpriced by 10%.”
“compared with last year, it has changed a lot. Houses with slightly better conditions can generally attract 5 to 7 offer, and the bid will be 5 to 100000 yuan higher than the bid price, which is about 10% higher than the bid price. Of course, the situation of house grab is not as exaggerated as Toronto, but no one is sure whether it will happen in Waterloo in the future. ”
Currently, a single-garage detached house with an area of about 1400 square feet costs about C $48 to C $500000; a two-garage detached house with 2000 feet costs about 55 to 600000 yuan; and a two-garage detached house over 3000 feet costs more than 700000 yuan. These houses are all about 15 years old, and they are also a selling point for Chinese buyers who like the new age.