Possible Real Estate Investment Opportunity in Vancouver BC due to Tax Challenge
11-15-2018, 09:29 PM
The best place to invest right now in real estate is Greece. If anyone has local contacts with agencies or banks please share. Or local info.
Canada real estate is hot due to Chinese immigration investment. China has 1,3B people. If you could make the equivalent on the proportion of population regardding of all the chineses which invested in Canada with Canadians investing in China it would probably amount to 20-40 People. It means nothing for China. There’s so many Chinese. Just 2 cities Guangzhou and Shangai together have more population than Canada combined. The foreign tax means nothing to wealthy Chinese. They don’t care. The only thing which can diminish prices are global interest rates, a clamp down on money laundering regarding overseas money. Restrictions on capital exit from China. Or the end of the investment programs. If residencies continue to be sold by investment and not restriction is placed for the capital entering. Forget about any recession.
Chineses at this moment are buying up Athens. Prices are going up. But I believe it’s still in the sweet spot where local Greeks are not yet saturated from Chinese and foreign investment.
Canada real estate is hot due to Chinese immigration investment. China has 1,3B people. If you could make the equivalent on the proportion of population regardding of all the chineses which invested in Canada with Canadians investing in China it would probably amount to 20-40 People. It means nothing for China. There’s so many Chinese. Just 2 cities Guangzhou and Shangai together have more population than Canada combined. The foreign tax means nothing to wealthy Chinese. They don’t care. The only thing which can diminish prices are global interest rates, a clamp down on money laundering regarding overseas money. Restrictions on capital exit from China. Or the end of the investment programs. If residencies continue to be sold by investment and not restriction is placed for the capital entering. Forget about any recession.
Chineses at this moment are buying up Athens. Prices are going up. But I believe it’s still in the sweet spot where local Greeks are not yet saturated from Chinese and foreign investment.