Victoria, British Columbia is now known as the hottest market in the world for “luxury real estate.” The capital city has a population of 85,000 residents and is located on the Canadian Pacific Coast. An annual report released by Christie’s International Real Estate, studied the price and time homes are on the market and the change in sales, and included factors like destination preferences, lifestyle amenities, and buying trends, to define the meaning of luxury. The benefits of living in Canada range from great healthcare to incredible job opportunities. Canadian Visa Expert is a place to have all of your immigration questions to Canada answered. Their Five Phase Process simplifies the Canadian worker visa process.
Paris, Washington, Orange County, and San Diego ranked in front of Victoria when based on average price, but it soared to first when it came to sales volume and speed. There was an increase in the number of sales by 29 percent and the average time to sell a property was only 32 days, one of the fastest turnovers anywhere. The province of British Columbia is now taxing overseas purchases of Vancouver property up to 20 percent and is now including Victoria. Ontario is following suit and adding a 15 percent tax in Toronto for foreign purchases. Even with the new tax laws, prices in Vancouver and Toronto have not fallen, and Christie foresees the same for Victoria. The legal and professional team at Canadian Visa Expert is willing to help anyone obtain a visa to Canada. Contact them today!