Vancouver's property market was one of the hottest investment hubs in the world last year, and recent data suggest the housing market has continued to perform strongly at the start of 2017. Figures show that house prices have doubled since June 2005.
Toronto is growing at a record rate
The recent Teranet-National Bank Composite House Price Index showed further gains in Toronto and an uptick in Vancouver after three months of declines, leading to an overall increase in Canadian home prices in January. The National Bank House Price Composite Index, which measures price changes in repeat sales of detached homes, showed prices rising 0.5% month-on-month and 13.0% year on year. House prices across the country have risen for the 12th straight month and the biggest annual increase since January 2007.
In addition to Toronto, Vancouver and Hamilton, prices rose from the previous month in Montreal, Victoria, Calgary and Quebec, while prices were flat in Halifax.
At the beginning of the year, Wanguo Land and Hurun Report released the Outlook for Chinese High net worth Customers' Overseas Property Purchase in 2017, predicting that the heat of Canada's real estate market in 2017 will gradually slow down, but there will not be drastic fluctuations. The Canadian Real Estate Association (CREA) expects average annual home prices to rise 2% in Vancouver and 8% in Toronto in 2017. The federal government's mortgage tightening and new mortgage rates are hitting Canadian home prices, though, in hopes of further dampening the buying frenzy.
Canada's overall vacancy rate was 3.4% in 2016, up 0.1% from 2015. Thanks to Vancouver's steady employment and growing population, the vacancy rate in Grand Winn dropped from 0.8 percent in 2015 to 0.7 percent in 2016. Toronto's apartment vacancy rate dropped from 2.3% last year to 1.8% this year. Vacancy rates in Vancouver and Toronto remain low as housing prices remain high, forcing more and more people to stay in the rental market. The housing market in both areas remains very strong. Vancouver's growing price threshold is also contributing to the rising demand for rentals.
Canada's housing market has remained strong since the global financial crisis, thanks to low borrowing rates. In addition, Canada's unemployment rate, which has hovered around 7% for the past three years, is expected to remain stable, helped by a continued modest economic recovery and job growth, which is bound to generate some housing demand.
The new Canadian citizenship policy will soon be passed and promulgated
Domestic immigration boom, as a veteran immigrant country, Canada has been one of the top destinations for Chinese immigrants, even many immigration experts predicted that Asians will account for "half of the Canadian immigrants". According to the latest news from industry experts, the New Deal for Canadian citizenship will be passed and promulgated at the beginning of 2017! In addition, since Trump issued the refugee ban recently, many highly educated technicians in the United States have begun to inquire about ways to immigrate to Canada. Immigrating to Canada has clearly become a trend in 2017.
It is known that the population of Canada in 1871 was about 3.7 million, of which 16.1% was born abroad, and the source of immigration at that time was mainly Europe. Immigrants and their children made up 38.2 per cent of Canada's population in 2011. The report, "Immigration and Diversity: Population Projections for Canada's Regions 2011-2036," predicts that in 20 years, that percentage will rise to between 44.2 percent and 49.7 percent.
If current trends continue, in 20 years, more than half of Canada's immigrants will be of Asian descent, between 55.7 and 57.9 percent. It can be seen that Canadian immigrants in the eyes of the Chinese, more and more popular, and the Canadian side said that it has the ability to welcome more immigrants.
According to the latest news from industry experts, the new Canadian citizenship policy will be passed and enacted in early 2017. Once the New Deal C-6 act is passed, the requirements for immigration naturalization are greatly reduced, the time requirements for naturalization are reduced, the language requirements are relaxed, for new immigrants, temporary overseas workers and international students are significant good news. In response, former federal immigration Minister David McGregor has said the new changes will help new immigrants to build a new life in Canada.
Compared with the current Citizenship Law, what are the four major reforms in the new Law?
1. You can be naturalized if you have lived for 3 years within 5 years
(1) Current regulations: it is required to stay for 4 years within 6 years, and stay for 183 days per year;
② New law: shorten the residence time requirement in Canada, live in 3 years within 5 years can be naturalized, cancel the annual residence of 183 days.
2. The calculation of residence time is more flexible
(1) Existing provisions: residence in Canada as a non-permanent resident does not count;
② The new law: The time spent in Canada as a non-permanent resident can be counted. The calculation method is one day for every two days. The upper limit of two years of residence for non-permanent residents is converted to one year. For example, if you have lived in Canada for two years before becoming a permanent resident, you can apply for naturalization only if you have lived in Canada for two years within five years after becoming a permanent resident.
3. Lower language requirements
(1) The current requirement for naturalization applicants between the ages of 14 and 64 to pass a language and civics test;
② New law: Applicants between 18 and 54 will have to pass language and civics tests, narrowing the age range.
4. Simplify tax declaration requirements
① Current regulations: applicants are required to report their income to the tax bureau for at least 4 years out of 6 years;
② New law: Applicants will report their income to the Canada Revenue Agency for three years during the five-year waiting period.
But Bill C-6, Canada's much-anticipated new citizenship law, was expected to come into force last July. The bill is still pending in Canada's Senate.
Not long ago, Canadian immigration announced the immigration quota in 2017, the quota proportion of Quebec immigration decreased from 31600 to 29300 compared with 2016. Many immigration experts believe that although the Quebec Immigration has not announced the specific quota number of investment immigration in 2017, but under the trend that the Canadian government attaches more importance to talent immigration, One step in place to take the maple Leaf card investment immigration quota or will be reduced. So, Quebec Investment immigration may reopen on April 1, 2017, interview review return to Montreal!
It is suggested that those who intend to apply for immigration can take advantage of the Liberal Party's relaxed immigration policy in Taiwan to seize the opportunity to immigrate.
SEASONS, North York, Canada
Building name: SEASONS
Apartment type: Phase I 342 apartments +20 townhouses; Phase II has 312 apartments +18 townhouses
Total number of buildings: 2
Height: 3m - 3.67m
Recommended reasons:
As a vibrant multicultural city in the world, Toronto's good natural and cultural environment and excellent economic development prospects will attract more investors from all over the world. 49% of the residents here are immigrants from more than 100 nationalities from all over the world. More than 140 languages are spoken in this North American metropolis. It has been one of the top 10 most livable cities in the world for many years, thanks to its extremely low crime rate, pleasant environment and high-quality living environment. As the economic core city of Canada, Toronto is also one of the largest financial centers in the world. The headquarters of Canada's famous big banks are all gathered here. Toronto has been Canada's fastest-growing city since it emerged from its economic woes in 2003.
North York SEASONS is located in the heart of Toronto, North York. It takes only five minutes to drive to Yonge Street, the central axis of Toronto, and to the north is close to the 401 highway, which runs east-west through Toronto. The location provides convenient access to top universities, including the University of Toronto and York University, as well as top private schools such as TorontoFrench School, CrescentSchool and St.Clement's School. There are many supporting facilities in the community, including 8 acres of large central park, ice rink, children's playground, paddling pool, etc. Residents can enjoy the amusement park in the community, schools, banks, shops, restaurants, clinics, childcare centers and other complete facilities.
This weekend!
The latest trend of Australian and Canadian real estate, seize the last bus of American immigrants, all in the world Land exposition!
When overseas asset allocation has gradually become a conversation among high net worth people, when "going out" has become a universal global behavior and rational investment, "safety" has become the most concerned issue for high net worth clients. As one of the leading overseas real estate authorities in China, Wanguo Land has a deep understanding of the needs of high net worth clients through years of experience in providing asset allocation programs to clients with high net worth assets. In view of the impact of the New Deal after Trump took office on immigration recently, as well as the rampant growth of the Australian property market and even the trend of the Canadian property market, Wanguo Land offers weekend mini salons that use professional data analysis and personalized solutions tailored to the specific problems of our customer base.
This weekend, Wanguo Land will hold different types of small salon lectures and feedback activities for new and old customers in Beijing, Shanghai and Shenzhen. Details are as follows:
Beijing Railway Station
Event Theme: "Australian Project Special Presentation"
Main lecture project: Melbourne Vanguard, an iconic building in the rich area
Vanguard is located in Malvern, a famous affluent area of Melbourne. The region has a unique cultural atmosphere. Immigrants from different countries gather here, forming a unique regional culture and architectural characteristics. The Vanguard Boutique Apartment area is well located within a mature commercial and residential area and close to the Waverley Road commercial belt comprising the Caulfield Campus of Monash University and the Caulfield Shopping Centre.
The whole building of Vanguard is fully equipped with noble and luxurious style. There is not only a gym, spa and sauna, sun deck, changing rooms, bathing rooms and toilets, outdoor lounge area, barbecue facilities, outdoor dining area, but also wine refrigeration facilities for residents, multimedia rooms, VIP banquet rooms, president's lounge, business center, library.
The lobby front door is supervised by professional property management personnel, top facilities, luxurious decoration, for you to create the supreme excellence of the rich life.
Vanguard boutique apartment is convenient and accessible. It is located in Marlven East and adjacent Caulfield, both within bus range of Caulfield Train Station, and is only 250 metres from Vanguard. Walk for about 100 meters to Balaclava tram station and take tram Line 3 to Caufield or St Kilda districts. Bus No. 624 goes directly to Kew and bus No. 900 goes to Rowville. About 3km north of Vanguard is the M1 Monash motorway.
Malvern area is also known as the commercial capital, with world quality shopping environment. Chapel Street, the city that never sleeps, High Street, Glenferrie Road, the city shopping street that gathers the world's top commodities, and Malvern Shopping Center are all gathered here, which are familiar shopping centers for people living in Melbourne.
In addition to enjoying the unique natural beauty of Australia, Malvern is surrounded by 6 large gardens, golf club and tennis centre. The best blend of nature and humanity is achieved in Malvern.
Speaker Jack Cao: Chief trainer/Investment strategy planner/Gold medal lecturer of Australian real estate industry/founder of T&S system
Since 2007, he has been engaged in the real estate industry. In 2012, he founded T&S sales and training system, which is the only training institution in Melbourne with this system. We have successfully trained more than 1000 real estate sales elites throughout Melbourne, and now they have become the backbone sales force in the international arena. As the strongest Chinese real estate training instructor in Melbourne history, he has provided training to dozens of well-known real estate companies, with real estate sales exceeding AUD 5 billion. In 2015, he led the team to achieve remarkable results in China, Australia and the Asia-Pacific region. As a recognized authoritative lecturer in the Australian real estate industry, he is often invited to travel between China and Australia to conduct project training and sales training for large overseas real estate sales agencies in China and Australia.
Time: 13:00 -- 18:00, February 25, 2017 (this Saturday)
Location: Beijing (please refer to the registration channel for the specific address)
Activity registration: If you are interested in participating in the activity, you can sign up by leaving a message on Wanguo Land's official wechat background in the form of [name + contact information + area to participate in the activity]
Shanghai railway Station
Event theme: "Wanguo Land Global Asset Allocation Seminar" -- Canada only
Project: SEASONS, North York City, Canada
Toronto, Canada's economic hub, has seen a decade of solid housing price growth, with a whopping 12.9% increase in the first half of 2016! The vacancy rate is as low as 1.8%, making it hard to find a home in either the market for buying, selling or renting. The annual rental return is as high as 5% to 6%, with monthly rental rates starting at 1,600 for a one-room, 2,600 for a two-room and 3,200 for a three-room. At the same time, lending rates remain the lowest in the world's mainstream developed regions, only 2% to 3%.
North York, located in the very center of Toronto, has a long history and profound heritage, gathering Toronto's most prestigious residential area - Bridle Path(horse trail). Concord Park Place, located in this excellent location, has become a new gathering point for real estate investment. SEASONS, inspired by world-renowned palatial design, is located in the mature community of Tyking Castle, North York's new luxury production with a palatial location among millions of mansions.
It is only a 5-minute drive to Yonge Street, the central axis of Toronto, and just a 20-minute drive to downtown Toronto. It is close to Highway 401, which runs east-west through Toronto, and the Don Valley Parkway, which runs north-south through Toronto, to the north.
Around the city, there are also prestigious schools with a long history and elite programs.
TorontoFrench School(TFS), located a few minutes' drive south of the city, is one of the top 10 private schools in Toronto. This school, which is bilingual in English and French, offers courses from kindergarten to Grade 12. The school also has IB(International Baccalaureate), which is the most popular course among Chinese parents. Here, children can feel a very quiet learning environment and complete first-class high-quality education.
Sign up for the weekend if you are interested in the program
Speaker: Daisy Hu, Representative of China developers of Xieping Expo Group
Years of experience in overseas real estate sales, especially familiar with the real estate market in Toronto, Vancouver, Canada and Concord's current development projects, assisted in participating in nearly 100 special lectures on Canadian real estate across the country, assisted several clients to successfully complete the whole transaction process.
Time: 13:00 -- 18:00, February 26, 2017 (this Sunday)
Location: Shanghai (The specific address can be obtained through the registration channel)
Activity registration: If you are interested in participating in the activity, you can sign up by leaving a message on Wanguo Land's official wechat background in the form of [name + contact information + area to participate in the activity]
Shenzhen station
Theme: Interpreting the New Deal for immigrant Investors in the Trump era
Main lecture project -- Palm Springs Luxury Hotel Project
As one of the most popular places to invest and live in the United States, Los Angeles is favored by investors around the world. Under the background of continuous economic recovery, employment growth and rising housing rents, overseas investors will welcome new investment opportunities in the Los Angeles real estate market. The Palm Springs area, known as the backyard garden of Hollywood stars and the paradise of the President of the United States, is one of the most attractive areas in the desert. The Rancho Mirage area is so beloved by celebrities that even Barack Obama chose it as his first post-presidency residence.
Palm Springs is one of the most unique and historic hotels in the United States. Located in the Coachella Valley of the Colorado Desert, Palm Springs is an oasis city beside the desert. It has world-class golf courses, luxury malls and expensive nursing homes, Palm Desert, Indian Wells and La Quinta. In recent years, Coachella in Palm Springs has gained a global reputation for its famous Coachella music festival. Coachella and the Desert Journey Music Festival have attracted hundreds of thousands of fans each year. This has contributed to an annual growth of nearly 30% in Coachella tourism. If you can invest in a hotel real estate project here, it seems to be an excellent choice.
The United States Palm Springs luxury hotel project launched by Wanguo Land has attracted the keen attention of overseas investors since its launch. As the flagship project of Wanguo Land, the project itself has the advantages of super high regional investment value, outstanding partner, local government support, absolutely competitive project quality, rich and stable income guarantee, which makes the project become the most concerned project of Chinese investors in the United States at the opening.
The 190,000 SQM Palm Springs Luxury Hotel will offer 80 villas and 156 apartments; The project includes exhibition, entertainment facilities, two restaurants, SPA center, pool center, gym and other infrastructure supporting facilities, which can meet the needs of clients for business activities and family vacations. At the same time, the Palm Springs luxury hotel project as can absorb EB5 immigrants has its project advantages, although the immigration company on the market is doing the project is 5 years repayment, but in fact, the 5 years is five years after getting the green card, in fact, before the conditional green card stage of 2 years also need to be counted, the real repayment is 7 years.
However, after the Palm Springs luxury hotel project is officially put into operation, the client can reach the income. For the client, it is a project with a very good launching mechanism.
Speaker: Wang Bo, Manager of International Project Department of Wanguo Land Shenzhen
Project Manager, International Projects Department, Wanguo Land. He graduated from Nanjing University and MBA from the University of Hong Kong. Before joining Wanguo Land, he worked in an investment bank and has rich experience in overseas real estate investment.
Time: 13:00 -- 18:00, February 25, 2017 (this Saturday)
Location: Shenzhen City (please refer to the registration channel for the specific address)
Activity registration: If you want to participate in the activity, you can register in the official wechat background of Wanguo Land in the form of [name + contact information + area to participate in the activity]
Overseas property = universal land
As the leading overseas real estate authority in China, Wanguo Land has accumulated rich and detailed market data through years of overseas real estate investment consulting experience, and is well aware of the real investment needs of home buyers. Therefore, the company has gathered more than 15 countries and 25 regions of high-quality real estate developer resources, footprint has been across North America, Europe, Asia, Oceania and South America, and in New York, London, Madrid, Sydney, Vancouver, Kezhou Island and other cities set up branch offices or reception agencies.
At the same time, Wanguo Land will also enter into strategic cooperation with AMA, a famous project management company in the United States, and plan to develop 7 real estate projects in the United States, becoming the first Chinese overseas real estate investment consulting enterprise involved in overseas development. Wanguo Land hopes to provide customers with more customized services in the future, so it engages in overseas real estate development, in order to create a diversified one-stop service system for customers, including product customization, wealth management, immigration, housing construction and property management.
