Property Trade

FX International provides you with the latest information about the real estate developments in Canada, which will assist you in the real estate investment, property rental and management. By effectively integrating the latest real estate information resources, we provide you with professional and personalized services; we committ to meeting the increasing demand of our clients based on the real estate.

House Purchase

Developments of Canadian Real Estate Industry

Canada belongs to one of the seven major industrial developed countries in the world, and it is nominated as “the most livable country in the world” for four consecutive years by the United Unions. At the same time, Toronto was regarded as one of the most suitable city for living in the world with superior living conditions, good public security environment, social stability and improved legal system.

In recent years, with the ease of study and immigration policy, more and more overseas students and talents have gone abroad to seek development, and an increasing number of rich and middled-class people invests in the real estate property abroad in a hope of capital appreciation of property in the future. Unlike the regulations in many other countries, the ownership of Canadian properties is permanent, which can be passed on to the future generations. Also, Canada’s houses have the ownership of land so that the private land and property management cannot be controlled by the government.

Canadian Real Estate Policy

The real estate preferential policy and loan interest rates in Canada are better than those of other European and American countries As an international metropolis, Toronto’s prices of real estate are quite low, and from a long-term viewpoint, there is still a huge space for rising.

Why Need a Real Estate Agent?

The Canadian Real Estate Association (CREA) was established in 1943 with more than 100,000 registered members. They play an indispensable role in the real estate transactions.First of all, Canadian real estate transactions are conducted through real estate brokers. The buyer and the seller are not allowed to contact each other directly, this is because through agents, the information of the property is more objective and unbiased. Secondly, through the real estate bureau’s internal system, the agent is able to provide more specific information about the property for the buyer. Such system allows only the real estate broker as a registered member to have access to the detailed property transaction information, which includes the seller information, the listing time, and relevant transcation data in the same area. Working with a real estate agent could protect the buyer’s self interest through effective terms.

New Immigrants

Canadian federal government’s regulation of the housing market is mainly achieved through changes in the bank’s loan policy. The two most common ways to apply a loan in Canada include: 1. Using local income loans; 2. Relying on overseas income loans. For new immigrants, when they first landed in Canada, their income level may not be sufficient enough to apply for a local loan, so many of them tend to use overseas income loans. However, due to the fact that the loan policies have been tightened in recent years, individuals with more than 20% down payment must also participate in stress tests. New immigrants who apply for loans are often require to pay at least 35% down payments. In short, it is not easy to get a mortgage in Canada right now.

Recently, CIBC announced a new policy specifically aims for new immigrants, ths policy is applicable to new immigrants who has landed within 1 year, and with at least 20% down payment plus Canadian income certificate or employer letter. However, the policy changes over time, no one could predict the new changes of the policy,thus, if you are new immigrants, you should start to seeking for properties right now and get your own house as soon as possible.

International Students

Nowadays, more and more students come to Canada to study, and many of them would choose to purchase a property. This is because they could use the property as an investment, such as they can partially rent the during their stay in Canada, or sell the property once they decided to go back to China. This investment could not only help students to reduces their accomodation fees but also effectively gain financially from capital appreciation.

For international students who do not generate a high credit score and do not have actual income, Canada also offers such students with the opportunity to purchase properties with a 35% down payment option. An additional 15% non-resident speculation tax is added when international students chooses to purchase properties. However, the governmenthas provided certain tax refund policies, individuals who satisfy the following terms are eligible to apply for refund:

  • From the date of purchase, the buyer is enrolled in a full-time course of more than two years in an institution accredited by the Canadian Ministry of Education;
  • The buyer has worked full time in Ontario for more than one year from the date of purchase;
  • The buyer becomes a Canadian citizen or permanent resident within four years;

According to the current policy regarding the Express Entry Immigration Program in Canada, international students are eligible to apply for immigration after working in Ontario for at least one year. The government conducted the tax refund policy in a way that it encourages individuals to study and work in Canada, and helps to create more economic values for the country.

Foreign Residents

Under tighter lending policies in recent years, overseas buyers without Canadian permanent residency status are considered risky by Canadian banks. Therefore, providing only income certificates from outside the Canada contributes little to obtain mortgages from local banks, and the procedures are becoming increasingly complicated. As a result, some overseas buyers with high net worth assets can only do so by providing more overseas assets and income proof, handling overseas remittance well in advance, and placing a large deposit in a Canadian local bank account for more than 30 days as early as to buy a house.

FX International has a professional real estate brokerage team with many years of professional experience in real estate transactions. According to your housing demand, we provide you a comprehensive analysis and the latest real estate information for better communicating with the seller. We coordinate our clients to achieve the perfect negotiation of getting the ideal price. Meanwhile, we help you draft the reasonable purchase contract to protect your interests. Our purpose is to build a warm home for you!

House Sold

In recent years, many homeowners have realized the value of their investments by selling their houses, or cashing in on the sale of their homes, and moving to a more livable city to buy a new house and live a different life. There are two main forms of house selling in Canada, including private sales and transactions through real estate brokers.

Private Sales

For private sale, the seller can put up a “For Sale” sign outside his or her door, self-evaluate the property, and self-negotiate the price with prospective sellers. The whole process needs to be completed independently without any intermediary fee. However, there are many potential risks involved. For example, if the real estate appraisal is not professional and accurate, the sales price may be too high and nobody is willing to offer to purchase it, or the price may be too low and the property value is not fully realized. In addition, the publicity channels for private saless are limited, which may result in prospects not getting the corresponding sales information in a timely manner. Consequently, it requires the seller to pay more energy to take prospects to see the house and negotiate the price. Also, the terms of the private sale’s house offer are not well understood. Sometimes it involves some complicated transactions and it is easy to go wrong, which impairs the interests of both parties.

Transactions through Real Estate Brokers

For real estate brokerage trade, agent will analyze and compare the same kind of regional real estate for clients, including historical prices and professional real estate value assessment (CMA), etc. Once the seller confirms the real estate brokerage as the agent, both parties need to sign an agency contract. After the contract is signed, the agent will list the property as “For Sale” on Canada’s dedicated real estate exchange (MLS) website and put up “For Sale” signs in front of the property. The agent will also update relevant advertisements in newspapers or websites so that more prospects will see the informaiton of the sale and contact the agent to book a showing to the property if the prospect is interested in the selling house. When someone is willing to give an offer to the selling property, the buyer’s agent will send the OFFER to the seler’s agent; sometimes if there are more than one OFFER received, the seller can choose the one with the higher offer price, or the one with less conditions.

FX International have professional real estate brokerage team who are dedicated to help you preview interested and financially capable buyers, save your time and energy, and provide you with reasonable and beneficial negotiated housing prices. We will help you complete the sale of the house as efficiently as possible and achieve your ideal sale price!

Rent A House

For most of the foreigners living in Canada, to rent a house is a headache issue, but they still have to face this problem. The conditions of living environment directly affect the life quality of people and their health. Living in a house with good quality and environment can improve our happiness and the efficiency of work and study.

The most common process of renting a house in Canada is as the following:

  1. The real estate brokers will help provide a wealth of rental resources, help customers to compare the community’s environment, location, rental prices and other conditions. Under the assistance of the brokers, customers are able to vie the properties through online medias as well as in field inspections;
  2. The documents required for renting are mainly the identification document and the two-month rental fee as a deposit;
  3. Once customers have found the ideal property, the real estate agent will communicate with the landlord/owner to discuss the leasing issues, assist tenants to revise the OFFER and send it to the owner to determine whether to accept or not according to the conditions;
  4. After the owner accepts the OFFER, the tenant signs a lease agreement with the owner and pay a deposit;
  5. The landlord will give the tenants all necessary keys . Before the tenant confirms that there are no problems in all aspects of the property, they can move in;

FX International provides our clients with Toronto rental services, including the hunting of suitable housing sources for overseas students, new immigrants and parents. Our professional real estate brokerage will look for a variety of filtered housing information based on the demand of clients, helping them to effectively communicate with the owner, handle the relevant matters, and achieve the most appropriate price for renting the satisfactory house!

Homestay

Host families, also known as HOMESTAY, for many young students who study abroad for the first time, are their first choice for residing in Canada, because it is one of the fast ways for them to get involved into the western mainstream society, adapt to the local lifestyle and improve their English skills very quickly. Based on the daily communication with host families, the collision and fusion of culture and conceptions between China and western countries will inspire students and enable them to learn more knowledge about socializing and accept the different culture gradually; meanwhile it allows students to be no longer scared of the lonely life in Canada.

By referring to the customers’ needs, FX International can serve the personalized arrangements for our clients by filtering different types of of accommodation for clietns. Through on-the-spot investigation, we offer the timely feedback and relevant information to clients so that customers can seek for the most suitable living environment quickly and efficiently.

Matters Need Attention

  1. FX International helps clients search for suitable homestay according to their needs, conduct field visits, and provide relevant information for clients to choose independently.
  2. After confirming the rental information with the homestay, the client shall pay one month’s rental deposit plus one month’s rent in advance.
  3. After check-in, if the homestay cannot meet the requirements of the student, we can find a new homestay for the clients after communicating with the student’s parents and the landlord.
  4. Students should apply to the homestay at least one month in advance.
  5. FX International only charges a small amount of homestay arrangement service fee, and no other third-party fees included.

Do not hesitate to tell us about your demand with respect to the Homestay service, FX International is able to hunt the most suitable targets for you to make a choice and enjoy the happy homestay life in the Canada!

Tax Declaration

Tax declaration is an obligation for Canadian citizens and foreigners with temporary residence status in Canada. Tax season lasts from the beginning of January to the end of April. International students should not overlook the benefits of tax declaration.

First of all, low-income student will receive tax rebate subsidy (GST/HST) from Canadian government, and each person who files tax returns can get at least 240 Canadian dollars of consumption tax rebate every year. In addition, the CRA (Canada Revenue Agency) provides tax incentives to international students. Tuition are non-refundable tax credits that allow students to reduce their income taxes; moreover, students also can obtain the rent subsidies from CRA.

Therefore, international students should strive for their interest, do not miss the chance to get tax rebate.

FX international provides tax declaration service for international students. You only need to provide your basic information and then we can help you get the tax rebate. According to the declaration, the CRA will mail the rebate to the student’s address. If the student provides bank account information, it will be directly transferred to the bank account provided by the student.

Legal Service

Different countries have different cultures and values, and there are also a big difference of laws and regulations. For students who study abroad or parents who travel to visit their children, the unfamiliarity with the local laws of Canada will easily lead to some illegal behaviors or problems, which will in turn have a certain impact on their job hunting or immigration application in the future.

Legal Services Provided

1. Canadian Legal Advice:

FX International has long cooperated with partner lawyers to help provide legal advice to students and parents and educate the basic knowledge of Canadian federal and Ontario provincial law regularly. A concise legal guidance is especially suitable for students and parents who have just arrived in Canada. After having a clear understanding of the basic legal knowledge of Canada and Ontario, our clients can quickly adapt to the local life in Canada.

2. Legal Dispute Consultation Service

FX International cooperates with partner lawyers to help clients solve ticket, traffic violations, as well as ordinary civil disputes and other legal issues. Our professional lawyers will solve customers’ legal problems as soon as possible through the analysis and processing of legal cases, so as to save more time and effort for clients to put into normal study and work.

Airport Pickup/Dropoff Service

“Safety, On-time, Speed and Comfort” is always the principle of FX International’s airport pickup and dropoff services. We will make good arrangements to pick up our clients with appropriate transport vehicles and reception personnel, and we will drive clients safely to their booked hotel, school dormitory or host family in time after claiming the luggage.

We are pleasure to have tight connection with you and offer you such a considerate service. Once you have successfully booked the airport pickup/dropoff service, we will send you the handbook about the customs and luggage packing instructions as well as the contact information of the appropriate receptionists.

Airport Pickup/Dropoff Service Process

  1. Collect the flight information of the client in advance, inform the client about the receptionist personnel and pick-up vehicle information through email before departure, and instruct the client how to deal with custom issues flexibly;
  2. Our airport pickup and receptionist personnel will arrive at the corresponding airport terminal in advance, hold the sign with the client’s name on it and wait at the exit of the hall;
  3. After picking up the client successfully, our receptionist personnel will inform his/her family immediately that the client has arried in Canada safely, and then drive the client back to the booked hotel, school dormitary, or homestay, and assist the client to handle the follow-up mobile phone card and bank card matters
  4. Keep in touch with the client in real time. If the client need airport pick-up or drop-off services in the future, FX International will be happy to serve you.