33 yorkville toronto . Canada may usher in an economic “disaster”. For global investors, their investments in some economies often depend on the local business environment and investment returns.Please Visit: 33 yorkville toronto to Get Your VVIP Registration Today!
Since the 1990s, Chinese buyers have set off an investment boom around the world, especially in North America, the United Kingdom and Australia. The fundamental reason is that many Chinese buyers have set their sights on the above two points.
In recent years, however, China has grown into the world’s second-largest economy, and some investors are more likely to withdraw overseas money and invest in China. As a result, Chinese investors, who are a bellwether around the world, are likely to lead asset prices in some parts of the world. We have noticed that the Canadian property market is a distinct example.
Over the past few years, an important source of the Canadian economy has been attracting foreigners to invest in the country’s property market, an industry that has almost become a pillar of the Canadian economy. The patronage of hot money has also led to a rapid rise in house prices in cities such as Vancouver and Toronto, which has increased a number of taxes for Canada, led to local employment and a number of industries, and also increased Canada’s GDP. Chinese buyers used to be the main investors in the Canadian property market. It is clear that once Chinese buyers no longer favor Canadian property, the Canadian property market and the related economy may be hit hard. Coincidentally, this may be happening today.
In fact, the driving force behind the withdrawal of global investors such as Chinese buyers from the Canadian property market came from the Bank of Canada. After the Federal Reserve withdrew from the QE at the end of 2015 and began the process of raising interest rates for the dollar, the Bank of Canada chose to end low interest rates last year and started to follow the Fed in raising interest rates. Through several interest rate increases in Canadian dollars for more than a year, we have noticed that the Bank of Canada is almost trying to keep a high pace with the Federal Reserve. As a result, the Canadian property market, which relies on attracting foreign investment to support the economy, has suffered a huge impact. Global investors, including Chinese buyers, have also chosen to scale back or withdraw from Canada.