In recent years, Canada in the eyes of Russians has become a very attractive country from the point of view of work and living on its territory, and, therefore, from the point of view of acquiring residential and commercial real estate in various cities of this extraordinary country located in the north of North America. Foreigners are attracted, first of all, a high standard of living, social security, stability and security that Canada is famous for. This is almost the only country in the world where the majority of the population live in their own private houses and cottages. Given the constant increase in real estate prices, especially in such large cities of the country as Vancouver, Toronto, Quebec and Kalgary, the acquisition of real estate here becomes a profitable investment of funds. In addition, Canadian banks issue quite affordable loans at significantly lower interest rates than in Russia. Although the rules for issuing a loan were tightened at the end of 2012, it still remains quite affordable, including for foreigners. Despite the fact that the cost of housing in Vancouver is one of the highest in the country, it still remains lower than in Paris, London and New York, which makes the purchase of real estate here even more attractive. Both Canadians and foreigners have the right to buy residential and commercial real estate (with the exception of the territory of recreational zones). There are no restrictions on the number of acquired real estate objects.
Real estate in Canada is popular both as a great possibility of investing cash and in terms of rental business. By purchasing an apartment or house, you can rent it for a period of your absence in the country. Before proceeding with the direct process of buying residential real estate in Canada, you need to decide on several key points:
For what purpose do you purchase housing and for how long? One situation if you plan to immigrate to Canada for permanent residence. A completely different situation if you came to the country to work under a temporary contract. The third possible option is the purchase of real estate in order to invest funds and the possibility of further renting a house for rent.
In which area of Canada do you plan to purchase housing? It is very important to decide in which city or suburb of Canada you plan to purchase housing, since this moment will determine in terms of the final value of both the purchase and the further maintenance of housing. Not the last place is also taking into account the climatic features of the area that you are considering for living, because in various parts of the country they are significantly different.
The budget that you are ready to allocate for the acquisition of real estate? If you plan to buy without attracting credit funds, then this option requires minimal initial preparation and comes down to a simple opening of the account in one of the Canada banks. If you count on a mortgage loan, then more thorough preparation will already be required here. You have a chance to get a preferential loan in a Canadian bank if you confirm your intention to immigrate to Canada or come to work under a long time contract for a long time. In addition to the cost of the apartment itself or at home, the expenses for a lawyer who checks the legal cleanliness of the transaction and draws up all the necessary documents for the implementation of the sale process, the obligatory insurance of the house and property, the costs of connecting to utilities (gas, heating, checks the legal cleaning of the transaction. , electricity, water supply), as well as an assessment of the real estate object you have chosen, if you buy it with the involvement of credit funds. In order to better navigate in order of real estate in Canada, we will choose any current announcement of sale, for example, a city apartment. So the cost of a two -room apartment in the center of Toronto with a total area of 65 square meters, with a full set of built -in furniture and household appliances is 237 thousand euros or 323 thousand dollars. A significant plus of this apartment is also the presence of a private terrace with an area of 30 square meters. That is, the cost is quite real and correlated with the cost of a similar two -room apartment in Moscow. Private House or Townhaus will cost a little more. A fairly spacious Townhaus with a total area of 150 square meters can be purchased around 450 thousand euros, and a suburban villa starting from 550 thousand euros.
What type of housing is suitable for you most? It will be useful to know what types of housing exist in Canada, because their classification is somewhat different from our.
Apartments. This type of urban housing includes one or two bedrooms, a living room, a kitchen and a bathroom. Your apartment is located in a standard apartment building. This option is the most familiar and perfect for us if you plan to live and work in the city.
Studio apartment. It is a strongly reduced option for apartments, consisting of one room passing into the kitchen area and bathroom. This option often attracts students and newlyweds, as it is much more budget compared to the standard apartment.
Apartment in the condominium. This is another kind of private apartment in a modern multi -storey building. Such an apartment is quite spacious (the total area on average is from 80 to 120 square meters) and has a convenient layout consisting of several bedrooms, a living room, a kitchen, a hallway, a working office and a bathroom. A feature of such houses is the landscaping of the territory adjacent to the house, which is in joint private ownership of the residents of the house, the presence of a spacious hall with a concierge, and such advantages for residents as its own gym, a pool, laundry, underground or ground parking and round -the -hour protection.
Townhouse. This type of private housing has recently become popular in Russia. Townhai are complexes interconnected by a common wall, two or three -story cottages, with their own separate entrance, garage and a small garden plot. As a rule, towhouses are located in the suburbs of large cities or in green areas of megacities. The purchase of a Townhouse will be slightly more expensive than the apartment, as it has a total area of 150 to 300 square meters. But in general, the purchase of Townhouse is much more economical than the acquisition of a separate private house.
Private house. One of the varieties of private houses are at home designed for two families. Each of the families lives in its own half of the house with a separate entrance and a house plot of land. In addition, duplexes and triplexes are distinguished, when several families respectively live on two or three floors, each of which occupies its own floor.
The option of living in a private house or Townhouse located in the suburbs is more suitable for families with children and pensioners. The best environmental and social situation is noticeable here than in large megacities. The only inconvenience is the time that you spend on the road to work. In addition, the purchase of a house requires you to comply with cleanliness both in the house itself and on the territory adjacent to it. Canadians monitor this very strictly. In this regard, the maintenance of the apartment will be an easier task.
If everything is already ready to carry out a sale transaction, then this process is standardly takes about two to three weeks, including registration of a contract of sale in special state bodies. Moreover, it should be noted that if in Germany, for example, one notary public, representing the interests of both the seller and the buyer, is engaged in accompanying the entire purchase and sale transaction, then in Canada there should be two different lawyer independent from each other. Before the final signing of the contract of sale, the buyer makes a deposit of 5% of the final cost confirming his intention to buy the object you like. It is very important to track what formal dates are indicated in the contract regarding legal and physical transfer of housing from one owner to another. In addition to purchasing a house or apartment, you also buy built -in furniture, plumbing, floors and interior doors, which are already included in the total cost. Other items of furniture and appliances are often sold with the house, but all this should be recorded in the official agreement.
The acquisition of real estate in Canada, unlike many European and Asian countries, does not give you any advantages when registering both a temporary visa and a residence permit.
The most reliable way to buy real estate is an appeal to a professional real estate agency, which has a license and accreditation, which give an official right to carry out all types of real estate transactions in Canada. This will save you from the difficulties associated both with the language barrier and the need to deal with the features of Canadian legislation.