8 elm condos.House prices soared by 50%! The Canadian government has announced that foreigners will be banned from buying non-self-occupied properties in Canada for the next two years, in an attempt to cool the overheated real estate market.Please Visit: 8 elm condos to Get Your VVIP Registration Today!
Canadian Deputy Prime Minister and Finance Minister Cristina Freeland announced this year’s federal budget on the same day, focusing on dealing with tight housing supply, insufficient housing stock and soaring house prices.
In his budget, Freeland mentioned a number of measures to curb real estate speculation and demand, including that foreigners are not allowed to buy houses in Canada for the next two years, and sellers who buy houses in less than a year will face high taxes and fees.
According to the Canadian Television Network, the above two measures do not apply to permanent residents, foreign workers and foreign students, and foreigners’ purchase of long-term self-occupied property is not restricted by the purchase ban.
Data show that house prices in Canada have soared by more than 50 per cent in the past two years, with benchmark prices reaching C $869300 (about 4.4 million yuan) per unit in February.
According to the new budget, the Canadian government is also prepared to invest billions of Canadian dollars to increase housing supply, and plans to open a “first suite tax-free savings account” to help more Canadians become “homeowners.”
Bridle Path is often at the top of the list of the richest communities in Canada. It is named after The Bridle Path, which is one of the main roads passing through the vicinity. As the name suggests, the area used to be a rolling farmland with a large number of horses, and even today, the property is very large. Among the celebrities who own real estate here is the late music legend Prince. The average annual household income here is C $1101171.
York Mills-Windfields, like neighboring Bridle Path, is considered to be home to millionaires, home to some of Canada’s richest people. Philanthropist, business tycoon and racehorse breeder E.P. Taylor used to live in Windfields Estate and is now home to the Canadian Film Center. He also donated land that will become Windfields Park. The average annual household income here is C $869581.
Sunnybrook is located on the southern boundary of Bridle Path and outside of Park Lane Circle. It used to be the country estate of Joseph Joseph Kilgour, and his widow later donated the land to the city of Toronto as a park. The most famous landmark here is the Xinning Health Science Center (Sunnybrook Health Sciences Centre), which is one of Canada’s leading academic hospitals. The average annual household income here is C $289434.
Canadian friends have purchased real estate in Canada, or the property right information of Canadian real estate needs to be used in China for marriage, property disposal, litigation and legal disputes, investment, etc., it is necessary to provide “Canadian Real Estate notarization” and consular certification of the Chinese Embassy before the relevant Chinese departments can accept it. Now most of the Canadian customers need to apply for Canadian real estate notarization and consular certification, which are entrusted to us, because of the mask, it is too inconvenient to go back to Canada to apply.