Real world road rules dating partnersuche fur singles Saale
Last spring, the 39-year-old left behind his middle-management advertising job in Shanghai to seek the dream of home ownership he and his wife couldn’t afford in their home city.
“We just followed our hearts to begin a totally different life,” he tells , adding: “We can make the house dream come true in Canada.” The starting point was one-half of a modest duplex near downtown Victoria, close to the university where his wife is seeking a master’s degree, and priced about right for their limited means.
CMHC’s plan now is to produce a more comprehensive report by the fourth quarter of this year, says chief economist Bob Dugan, capturing not just condominiums but all forms of residential property. Gathering the data requires co-operation on the part of everyone from provincial property registries to local realtors—not all of whom are eager to shed light on their lucrative sources of new-found income.
It might also require a better understanding of who constitutes a “foreign owner.” The CMHC’s current definition—an owner who does not reside in Canada—excludes all kinds of domestic arrangements under which foreigners purchase homes abroad, suggesting the recent condo numbers understate the influx of outside buyers.
The CMHC’s latest condo numbers tracking the ownership of condos were part of a concerted effort on the part of the Crown corporation to measure the phenomenon, based on its mandate to gather data on housing, and to foster market stability.
(The agency has been roundly criticized in the past for Canada’s dearth of dependable real estate statistics.) By breaking down the numbers according to the age of the building in question, it provided the first reliable indicator of accelerated foreign buying.
This is on top of profound worries many Chinese have about their country’s overbearing political system, the lack of transparent rule of law and rampant corruption.Or with Chinese Canadians who spend part of the year outside the country?Yet even the crudest measurements suggest a breathtaking upsurge in interest that would rate Canada’s big cities on par with London and New York in the eyes of Chinese buyers.Other analysts have dismissed the estimate, which Routledge produced by combining U. foreign investment figures with a survey of property ownership among 77 affluent Chinese people.But the numbers seemed to support an earlier, more controversial, study of home sales in three of Vancouver’s most expensive neighbourhoods, showing that 66 per cent of houses sold during a six-month period starting in September 2014 went to Chinese people with non-anglicized names.