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Facts About Canada

Population of 34.88 million US and Canada – we have the longest shared border in the world 90% of Canadians live within 160 kilometres to the U.S. border (American translation: 100 miles).

Main business province is Ontario Largest resource province is Alberta Hockey Crazy Country

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Canada`s Economy

Exports $462.9 billion Resource based economy (oil, water, lumber, fertilizers, natural gas, electricity, aluminum) Canada is the US’s largest supplier of oil at 1,938,000 barrels per day The US is our biggest trade partner China is second

Canada`s Economy

• Export other products – – – – – Motor vehicles and parts Industrial machinery Aircrafts Hockey players Celebrities

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Strength in Canada`s Economy

Weren’t affected as much by the recession Didn’t have the economic downturn due to stricter mortgage qualification requirements • • • • 10-25% down payment Income qualifications Maximum amortization period (25 years) Flexible terms

Canadian Banking

• • Interest rates at historical low of 1% – Where it has been since September 2010 For the 6 strength th consecutive year, Moody’s ranks Canada’s banking system number one in the world for financial

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Immigration Trends in Canada

Over 250,000 immigrants become permanent residents in Canada each year – 60% are skilled workers, investors, entrepreneurs and their families Every year over 150,000 foreign workers come to Canada Immigration is boosting the housing sector

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Immigration Trends in Canada

Permanent residents by country

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Immigration Trends in Canada

Chinese population in Canadian regions

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Business in Canada

One of the most profitable places in the world for international business and direct foreign investment The best country for business in the G-20 according to

Forbes

Magazine’s November, 2012 study. 6 th Happiest nation in the world

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Business in Canada

Part of several Trade organizations; – – – North American Free Trade Association (NAFTA) Organization of Economic Co-operation and Development (OECD) World Trade Organization (WTO)

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Real Estate in Canada

A strong Spring housing market has increased Canadian residential investment Average housing price in Canada: $382,373 Dollar volume of home sales up 19% from last year National average sale price up 8.1%

Quebec Ontario Saskatchewan Alberta British Columbia

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Business in Quebec

Over 900,000 immigrants live in Quebec – – 24.7% from Asia 22.1% from America Aerospace sector of Canada Home of Cirque du Soleil

Business in Quebec: Montreal

• • • • Population: 1.65 million Average house price: $329,339 Significant sale of condos in downtown Montreal in 2012 – Many presales sell-outs Buyers’ market – slow down this year

Luxury Real Estate in Quebec

• • Luxury single family homes start at $3.5 Million in Montreal – Minimum 5000 square feet Strong international influence

Foreign Investment

49% 51% Domestic International

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Business in Ontario

Ranked top in global competitiveness, quality of life and innovation Population: 13.51 million Average housing price: $393,980 4

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Immigrants in Ontario

According to Statistics Canada over 3.5 million immigrants live in Ontario - 41% from Asia -16% from Americas 3% 2% Asia 16% 38% 41% Europe Americas Africa Other

Business in Ontario - Toronto

• • • • • Population: 2.615 million One of the most multicultural cities in the world Average house price: $513,246 Toronto Region Board of Trade: Canada's largest local chamber of commerce Banking and market center of Canada

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Real Estate in Ontario

Luxury single family homes start at $2 Million in Toronto High demand for large 8000 SF luxury homes Housing sales in Toronto up

16 %

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Business in Saskatchewan

Average house price: $285,147 Population: 1.09 million Strong resource economy for potash and oil Fast growing economy is attracting investment

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Business in Alberta

Strong economy and increasing revenue Canada’s largest producer of oil and gas – 6 th largest in the world World’s second largest exporter and fourth largest producer of natural gas. – In 2012, approx. 86% allocated to U.S.

Population will hit 4 million this year

Real Estate in Alberta

• • • • Average house price: $379,696 Total of $2.6 Billion in homes sales for July Large amount of wealth in Calgary driving luxury real estate market Luxury Homes start at $2 M Housing sales up

18 %

in Calgary and

25 %

in Edmonton from last year

Business in BC - Vancouver

• • • • Average house price: $757,338 Most expensive city in North America Port Metro Vancouver: Asia-Pacific Gateway and Corridor Ranked 1 st for quality of living in North America

40.4%

increase in existing home sales in Vancouver

Vancouver Luxury Real Estate Market

Lulu Lemon founder ($39M) The Mayfair ($22.8M)

Vancouver Luxury Real Estate Market

• • • Average starting price: $2.8 Million – – Ranges from $2M - $4M depending on location Sought after neighbourhoods: Shaughnessey, Point Grey, Kits, Kerrisdale Market influenced by foreign buyers – – 40% of SFH market Chinese purchase secondary or investment properties in Vancouver Surge of buyers from the United States and Iran 40%

Foreign Investment

60% Domestic International

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Business in BC - Richmond

60% Asian population – largest in Canada 47% Chinese population Average price of a detached home in Richmond is $1,004,300 Very low crime rate

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Business in BC - Whistler

Tourism based economy Resort-style living attracting more long-term buyers Luxury real estate $2 M 25% international buyers

Canadians Buying in The U.S.

• • According to NAR, Canada and China have been the fastest growing source of international clients for REALTORS  86% of Canadians pay cash and 14% finance 71 % of Canadian buyers purchased properties in Florida, Arizona, and California

Canadian Home Buyer Preference

Texas 6% Hawaii 6% California 8% Other 18% Arizona 24% Florida 38%

Canadians Buying in US

What Canadian Buyers are Looking For

Central City/urban 12% Other 2% Townhouse/ Condo/Apt 5% Suburban Area 41% Small Town/Resort 47% Detached Single Family 93%

Conducting Business with Canadians

• • • Opportunity to network and establish referrals into Canada Working with agents for clients going to U.S.

Network with AREAA Vancouver

Conducting Business with Canadians

• We are very polite and say “sorry” a lot • We`re not all aboot igloos and dog sleds!