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Conducting Business Internationally

Conducting Business Internationally. Presented by Ian MacLeod www.LuxuryHomes.com 310-694-7755 ian@luxuryhomes.com. Facts About Canada. Population of 34.88 million US and Canada – we have the longest shared border in the world

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Conducting Business Internationally

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  1. Conducting Business Internationally Presented by Ian MacLeod www.LuxuryHomes.com 310-694-7755 ian@luxuryhomes.com

  2. 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

  3. 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

  4. Canada`s Economy • Export other products • Motor vehicles and parts • Industrial machinery • Aircrafts • Hockey players • Celebrities

  5. 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 • Maximumamortization period (25 years) • Flexible terms

  6. 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

  7. 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

  8. Immigration Trends in Canada • Permanent residents by country

  9. Immigration Trends in Canada • Chinese population in Canadian regions

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

  11. 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)

  12. 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%

  13. Quebec Ontario Saskatchewan Alberta British Columbia

  14. 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

  15. 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

  16. Luxury Real Estate in Quebec • Luxury single family homes start at $3.5 Million in Montreal • Minimum 5000 square feet • Strong internationalinfluence

  17. Business in Ontario • Ranked top in global competitiveness, quality of life and innovation • Population: 13.51 million • Average housing price: $393,9804

  18. Immigrants in Ontario • According to Statistics Canada over 3.5 million immigrants live in Ontario - 41% from Asia -16% from Americas

  19. 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 • Bankingand market center of Canada

  20. 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 up16%

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

  22. 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

  23. 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 up18 % in Calgary and 25 %in Edmonton from last year

  24. Business in BC - Vancouver • Average house price: $757,338 • Most expensive city in North America • Port Metro Vancouver: Asia-Pacific Gateway and Corridor • Ranked 1st for quality of living in North America 40.4%increase in existing home sales in Vancouver

  25. Vancouver Luxury Real Estate Market Lulu Lemon founder($39M) • The Mayfair ($22.8M)

  26. 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

  27. 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

  28. Business in BC - Whistler • Tourism based economy • Resort-style living attracting more long-term buyers • Luxury real estate $2 M • 25% international buyers

  29. 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

  30. Canadian Home Buyer Preference

  31. Canadians Buying in US

  32. What Canadian Buyers are Looking For

  33. 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

  34. Conducting Business with Canadians • We are very politeand say“sorry” a lot • We`re not all aboot igloos and dog sleds!

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