Transcript Doing Business Internationally

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
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
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 6th consecutive year, Moody’s ranks
Canada’s banking system number one in
the world for financial strength
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
Immigration Trends
in Canada
• Permanent residents by country
Immigration Trends in
Canada
• Chinese population in Canadian regions
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.
6th Happiest
nation in the
world
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)
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
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
Foreign Investment
influence
49%
51%
Domestic
International
Business in Ontario
• Ranked top in global competitiveness,
quality of life and innovation
• Population: 13.51 million
• Average housing price: $393,9804
Immigrants in Ontario
• According to Statistics Canada over 3.5
million immigrants live in Ontario
- 41% from Asia
-16% from Americas
3%
16%
38%
2%
Asia
Europe
41%
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
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 %
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
Business in Alberta
• Strong economy and increasing revenue
• Canada’s largest producer of oil and gas –
6th 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
40.4%
and Corridor
increase in
existing home
• Ranked 1st for quality
sales in
Vancouver
of living in North America
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
Foreign Investment
Domestic
40%
60%
International
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
Business in BC - Whistler
• Tourism based economy
• Resort-style living attracting more longterm 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
Other
18%
Florida
38%
Texas
6%
Hawaii
6%
California
8%
Arizona
24%
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 SingleFamily
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!