Langstaff Gateway Condos developments.What if the house price is high? It is estimated that in the next 10 years, the total number of high net worth individuals in Canada is expected to increase by 30%, the fourth increase in the world.Please Visit: Langstaff Gateway Condos developments to Get Your VVIP Registration Today!
Canadian house prices are rising, housing affordability is the worst in the G7 countries, but the population is growing.
Can these immigrants generally afford expensive houses? There may be no standard answer, but at least the data show that Canada has one of the largest inflows of millionaires, or HNWI high net worth individuals, in the world.
It is necessary to popularize the official concept of high net worth individuals (HNWI) here:
People with more than $1 million in financial assets, excluding houses, while VHNWI ultra-high net worth individuals say they have more than $5 million in financial assets, excluding houses.
As of June 2020, there are about 13 million high net worth persons in the world, of which the United States has the largest number, with 4.7 million. Where:
318000 in London, 315000 in Tokyo and 236000 in Hong Kong.
222000 in Singapore, 220000 in San Francisco and 191000 in Los Angeles.
147000 in Chicago, 142000 in Beijing and 139000 in Shanghai.
Canada does not have any cities on the list, but it is mainly because the population of the metropolitan area is too small. If there is a ranking of high net worth individuals, then Vancouver and Toronto will surely be at the top of the list.
2017 was the “peak inflow of high net worth individuals” in hfd Canada in the 21st century. A total of 5000 high net worth individuals emigrated to Canada in that year, ranking third in the world.
In 2018, 4000 high net worth individuals emigrated to Canada, also ranking third in the world. From 2020 to 2022, the number of immigrants declined because of the epidemic.
Over the past decade or so, HNWIs have become increasingly fond of emigrating to other countries: in 2013, there were about 50, 000 HNWIs worldwide, but in 2019, that number rose to 110000.
As a result of the epidemic, the number of high net worth immigrants plummeted to 12000 in 2020, but soon recovered to 88000. The number of immigrants from high net worth individuals is expected to reach an all-time high of 125000 in 2023.
It is estimated that in the next 10 years, the total number of high net worth individuals in Canada is expected to increase by 30%, the fourth increase in the world. Seeing this figure, locals may lament: “No wonder house prices are rising so fast, but there are still a lot of people who can afford it!”