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3 reasons why there is such a demand for Canadian Housing from China

General Angela Calla 16 Dec

When asking this question to one of our clients (a new resident to Canada from China) they stated the following:

  1. 1.       In mainland China you cannot own a home, it can only be leased for 70 years.
  2. 2.       There are no “safe” retirement programs such as RRSPs or 401k’s.
  3. 3.       They didn’t feel comfortable leaving investments in a communist country.

Angela Calla, AMP
Mortgage Expert
Host of “The Mortgage Show” on CKNW AM980 Saturdays at 7pm

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