Vancouver began after high transfer tax on foreign buyers, Chinese buyers seem to be buying targets to Seattle and Toronto.
According to the Bloomberg report, taxing only announced a few days later, a Seattle real estate agent from micro-letter by Chinese buyers that it would sell Canada real estate, change in Seattle purchase. Lili Shang real estate brokers show that buyers spent a week showing, in Seattle to buy a $1 million worth of real estate.
Later, quickly bought two houses, including a $2.2 million mansion in Clyde Hill. Shang said that, since the beginning of August of this year in Vancouver, 15% tax levy to foreign buyers to counter soaring prices.
World's biggest buyer of Chinese demand, therefore transferred his investment cash brought Seattle and unexpected new demand in cities such as Toronto.
Shang said that Seattle today released a new wave of investment, is to transfer funds from these objectives. Vancouver House prices of single-family houses rose 1 time in the past 10 years, foreigners invested record growth, to that end, they also follow the footsteps of Australia and Hong Kong, playing room.
Meanwhile, the currency devaluation in domestic prices to rise, while Chinese value real estate special, accelerated overseas Chinese buyers to buy homes, they were forced into more remote places "Taobao".
According to China's largest overseas building site "outside", announced after tax in Vancouver, Seattle and Toronto Chinese buyers purchase a high demand. View from Vancouver real estate investors, Seattle is a good alternative, here just a few hours drive from Vancouver, and also more affordable than other West Bank cities.
Toronto is a major international financial centre, there are many appropriate real estate investment, the Asian people have. Professor, Department of geography, University of British Columbia David Ley points out that Chinese money will not sit still, investors look for other cities, Toronto and Seattle are 2 of the alternative.
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