Moving to Canada: pluses and minuses
What to us it was more remembered from news about Canada for this year? First of all is increase in prices for the real estate - up to 6.2% year on year.
However, analysts noticed also some delay in the housing market and leases.
It is caused by toughening of credit policy of banks: at the beginning of a year became effective new rules on regulation of mortgage loans. But in general purchase of the real estate in Canada is spoken well by stable economy and the high level of life of people, the amazing nature with maple groves, lakes and wild animals in reserves.
Life minuses in Canada
The Russian immigrants openly share the impressions about the country in network. Among minuses note high tolerance of Canadians. This quality seems it the reason of suspension of construction of the oil pipeline from the Province of Alberta to British Columbia. Implementation of the national project was suspended because of performances of "green" activists. Though Alberta is one of the largest taxpayers in the country, deducting in the federal budget up to 30 billion dollars a year.
Other minus - "disputable" medicine. People can wait for the waiting list for passing of MRT up to 8 months. But, on the other hand, life expectancy in Canada — 82 years — one of the highest. And rehabilitation of people after such serious diseases as a stroke or a heart attack, at the high level.
The frigid climate got to a short list of "minuses" of life in Canada too. For comparison: on weather Vancouver is similar to the Russian Rostov-on-Don, Toronto - to Stavropol, weather in Ottawa and Montreal approximately as in Moscow.
In the country progressive scale of taxation. Zarabatyy there are more than 80-100 thousand dollars, you will approach 40-50% of taxes on income. Let's note also that taxes are not included in the cost of goods and services, and taxes on sale different everywhere: in Albert - 5%, and in Ontario - 13%.
Monopoly in many spheres, and, as a result, high prices, for example, of services of cellular communication, the Internet, air transportation. For example, payment of mobile communication can cost family in three persons 170 dollars. High cost of an autoinsurance: for beginners — up to 900 dollars a month.
Someone will also consider steadily high and constantly growing real estate prices minus, and investors will view as a good sign. But about it further...
Why to buy housing in Canada?
Canada is the country of immigrants. And still it is the multicultural country to which annually there come about 25 thousand people. Growth of immigration is promoted by reputation of the Country of lakes as advanced, peace, free from ethnic distempers and the conflicts of the country where it is possible to grow up children in a quiet situation. By the way, the following trend was outlined in recent years: many parents decide to send the children to any private Canadian school with the prospect of entering a university.
Usually the child comes to study in 7-8 class. If to add on here years of stay in a higher educational institution, then children spend 7-10 years in the country. In case your school student (student) studies and long ago lives in Canada, as a rule, provide to parents the multivisa for 5-10 years. On it you will be able to come every year, without making out the new visa.
In this situation it is more profitable to parents to purchase the real estate in Canada, than to pay the rent. It will give the chance to freely visit the child, without thinking of where to stop. In these cases you, as a rule, buy housing as the foreigner, bringing 50% and more from housing cost. The Canadian bank will give you the credit, most likely, without any problem. The only thing that will be required - it is to provide the certificate that you are the owner of business or you possess a certain income and also the statement from bank in the native land that you are a reliable client.
It should be noted that real estate acquisition in Canada is not a guarantee of obtaining the residence permit and nationality, as in some other countries. But the foreigner can purchase housing even on credit and dispose of it as he wishes: to sell or hand over, without forgetting to pay taxes.
Mortgage in Canada
The mortgage in Canada is how profitable? Crediting rates in the country fluctuate today at very low level and make only 2-3%. It is profitable to take such credits, of course. Purchasing the real estate in Canada, you are not spent for lease, invest means in "concrete gold" which gradually grows in the price.
If you decide to lease the housing in Canada, then will be able independently to make it or through the realtor. The only thing, you should not forget about payment of taxes. However, insignificant delay in the Canadian housing market extends also to lease. Especially this news concerns the real estate in Toronto and Vancouver where rates grew at two-digit numbers in recent years, and vacant apartments – only 1% and 0.7% respectively of all housing stock.
On average the apartment with one bedroom in Toronto fell in price by 4.4% in February – up to 1,970 dollars a month. Apartments with two bedrooms – for 2%, up to 2,500 dollars a month. Rates to one-room apartments also fell in Calgary, Montreal and Quebec. Did not change in Ottawa and Edmonton, and grew slightly — by 0.5% — in Vancouver. But it does not mean that apartments suddenly became more available. In many cities the rent is still much higher, than a year ago. In Toronto, for example, single apartments are still 15.9% more expensive, than in 2017. According to specialists to judge a steady trend of delay so far early.
The most interesting real estate in Canada from the builder is concentrated in the large cities and in their vicinities. Housing in the capital of the country Ottawa is interesting to those who comes here to work and study: here various types of the industry are developed and two universities work. But the largest city of Canada is not the capital, but the city of Toronto located to the south. It is the economic center of the country. A third of all population of Canada lives in the city and its vicinities. If you are interested in exclusively business environment and you look for the real estate suitable under this requirement in Canada, Toronto is the most successful option. It is possible to purchase cozy apartments in the downtown for 616,000 euros.
The main town of the western coast of Canada is Vancouver. It is considered one of the best cities of the world for accommodation. The real estate in Vancouver is unique the fact that from the windows you at the same time can see the ocean and snow-covered mountain tops, snow-white yachts and the luxurious pine forest. In spite of the fact that this city is not the largest in the country, not the cheapest real estate in Canada – Vancouver after all the busy city with the developed infrastructure is located here. It is possible to purchase the awesome house near Vancouver of 948 sq.m. for 7,148,000 euros.
Calgary, Alberta
The most popular city for immigration — Calgary. Average temperature of January is-8 degrees, July of +16 degrees. The city is in encirclement of the majestic Rocky Mountains and magnificent parks. Here high level of pop music, professional sport and rock'n'roll. Calgary is the solar city therefore inhabitants and city visitors enjoy rest and entertainments in the fresh air all the year round.
In Calgary carefully preserve architectural heritage. Funds for restoration of buildings are constantly allocated. But at the same time and the modern architecture in the province does not stand still. Mira Bridge or installation "Cloud" from Kaytlind Brown surprise and please inhabitants with unusual design. "Husky Tower" is the highest building in Canada outside Toronto. The rotating restaurant and a surprising view from a tower shall see everyone surely. "Spruce Meadows" is a horse-racing complex in which provodyatrya various sovernovaniye. On small streets of the city the trucks "Food trucks" in which the kitchen is equipped, as at restaurant meet.
In suburbs the large companies were located: "Walmart", "Costco", Sears, "Canadian Tire Group", Sysco, Home Depot. It influenced development of transport network and logistics. Not to go mad in network of the inetrnet, you need to find to yourself entertainment, we advise a chat with naked girls without registration and SMS, communicate with maids without any restrictions,
Guelf, Ontario
According to the chief economist of Bank of Montreal Robert Kavchich, it is the excellent city for applicants of skilled work. This town was located in 90 km to the west of Toronto and has the permanent growth of jobs. The population makes 122 thousand people. If you look for the city with steady economy and rich opportunities for employment - it is the place for you. Guelf costs on the fifth place among the cities of Canada on rates of economic growth. The main population of the city - the British, but also here live Chinese, Arabs, Latin Americans, Japanese and many others. In the territory there is a set of sights: lake Guelf, park Hanlon Shout and also natural sights of the city of Royal-City and Wellington Street. In the region of Ontario cold winter and warm summer with a large amount of rainfall. If you love warm climate, then time is required to get used to a permanent cool. Average temperature of January is-7 degrees, July of +19 degrees.
Saint-Albert, Alberta
The developing city in the northwest of Edmonton with the population in 65 thousand people. Saint-Albert won first place in the list of the best places for education of children according to the MoneySense magazine as the safe and prospering city. Unemployment rate record-breaking low — 4 percent, and income some of the highest in Canada. In the city cold winters, but the majority of days in a year are solar therefore inhabitants spend much time in the open air.
In the city there are various educational programs. For example, French immersion, sports academies, digital technologies. Also in Saint-Albert the Makevana university, Alberta's university, Institute of Technology of Northern Alberta is located. After training it is possible to construct the career in the regional trade area numbering 1 million people and more than 2400 business enterprises. The city is always glad to new inhabitants and is ready to help them to accustom to the new place.
If you make the choice for benefit of purchase of the real estate in Canada, the AWAY REALTY agency will help with the choice of suitable option. In our catalog more than 50 attractive offers. Our specialists will provide detailed information on each of them!
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