How Many Canadians are Living in Hong Kong?

There are over 37 million Canadians in the world and around 2.8 million Canadians live outside of Canada.

Which parts of the world do they live and work?

#1 - Not surprising at all, over a million Canadians live and work in the United States.

#2 - Hong Kong, with 300,000 Canadians.

#3 - The United Kingdom, with 87,000 Canadians.

You see, there is a significant number of Canadians living in Hong Kong.

According to a report from the Asia Pacific Foundation of Canada, most Canadians living in Hong Kong were born in Hong Kong and only lived in Canada for 4 to 5 years.

What's interesting is that more than 60% plan to return to Canada at some point.

The report was from 2011, so the percentage is likely even higher now due to the recent political situation.

With that said, it's not easy to leave everything you established behind and just move to another place.

So even though most people plan to return to Canada at some point, most don't have a solid plan or an exact date.

By far, the most popular choice is to buy investment properties in Canada so you keep your options open for the future by tracking the Canadian real estate market.

If you do come back one day, you can trade the investment property for a self-use property.

If you don't end up coming back, you're still diversifying your investment portfolio.

When Hong Kong Canadians look for an investment property in Toronto, they have very different requirements than local Canadians.

What seemed really attractive to a local might not be important to the Hong Kong Canadian at all.

Let me share with you the 3 most important requirements from a Hong Kong investor.

#1  Famous Landmarks

Imagine you only lived in Toronto for 4 to 5 years and that was 15, 20 years ago.

What would you know about downtown Toronto?

The CN Tower, the University of Toronto, Ryerson University, Eaton Centre, the subway, the hospitals.

Those are the most famous landmarks in downtown Toronto 20 years ago and they are still the most famous today.

So you can't really go wrong picking a location close to any of these famous landmarks because they are history proven, right?

For us locals, we know that downtown Toronto has expanded so dramatically in the past decade.

Endless constructions, line up for everything, traffic jam day and night are all signatures of downtown Toronto.

With restaurant patios reopening, you might think that people are still hesitant to go out.

The truth is you need to make reservations at least 1 week in advance.

And restaurants keep expanding their patios to catch the demand.

Downtown Toronto will continue to expand and there are many rising neighbourhoods with excellent growth potentials.

But if you moved back to Hong Kong more than 10 years ago, it's hard to visualize the growth potential because you didn't witness the change.

So it's very natural for you to stick with what you know and what you believe and there's really nothing wrong with that.

You will always be fine picking a location close to those famous landmarks.

The only thing is that they will obviously be more expensive.

For most Hong Kong Canadians, they will pay the price premium to be in the most central locations.

You see, that's why there will always be demand in the most central locations.

When you're not familiar with the place or you're a new immigrant, you would stick with what you know, the famous landmarks, because history tells you that's the safest thing to do.

For local people, they are familiar with the city, they understand the developments and they can see further ahead.

So they are much more receptive about future growth areas.

#2  A Developer with Proven Results

There’s really only a handful of developers who have been actively building in central downtown, around those famous landmarks, over the past 10 years.

Out of those developers, only a very limited few have shown a proven track record of making investors happy. 

What does that mean? 

You see, some buildings are much more popular than others even though they are all in a similar area. 

The more popular building may have much more functional layouts or it has more attractive amenities… 

A developer who makes investors happy is one who knows exactly what the market demands. 

Simply put, their buildings rent faster, sell faster and appreciate faster

#3  The Pricing Sweet Spot

The sweet investment amount for most Hong Kong Canadians is around a million Hong Kong dollars.

And that would be used as the 20% to 30% down payment.

So this translates to a property price of around $750,000 Canadian dollars.

You see, anything in the price range of $700,000 to $800,000, at a prime central downtown location and built by a developer with proven track record, would sell immediately in the Hong Kong Canadian community.

The 3 Hong Kong Canadian Secrets in 2020

Ever since the coronavirus lockdown, Hong Kong Canadians have been rushing to buy investment condos in Toronto.

Why?  There are 3 very specific reasons.

In this webinar, I'm going to share all the 3 secrets with you.

I will also give you 2 bonuses.

Bonus #1 - The Magical Spreadsheet

Automatically Calculate All the Numbers You Need

  • Your upfront costs
  • The salary you need to qualify for a mortgage
  • Your monthly running costs
  • ​The tax you need to pay
  • ​The net income difference between cash buy and having a mortgage

Bonus #2 - The Price Grid

  • Price differences in 9 key areas in the Greater Toronto Area
  • Area and project recommendations
My name is Dan Wong.

Maybe you've seen one of my YouTube videos on Toronto real estate with over 400,000 views.

Maybe you've attended one of my seminars.

Maybe you've heard one of my interviews on the radio.

Maybe you have a friend who is investing with me.

I've been fortunate enough to help over 2,382+ regular people like you to build their wealth with real estate investments.

However, this isn't about me.

This is about you.

I'm sharing all my knowledge with you because I want you to:
  • Learn about the common mistakes that investors make so you can avoid them
  • Stay on top of the market and make educated choices
  • Have exclusive access to "sweet" investment deals
  • ​Invest into something that outperforms the average and have such great rental experiences...
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All Rights Reserved
Toronto Head Office
328 Hwy 7 E, Unit 20
Richmond Hill, ON L4B 3P7

Hong Kong Branch Office
15/F, Soundwill Plaza II - Midtown
1-29 Tang Lung Street, Causeway Bay

Office Phone / WhatsApp: +1 905.882.6882
Toronto Head Office
328 Hwy 7 E, Unit 20
Richmond Hill, ON L4B 3P7

Hong Kong Branch Office
15/F, Soundwill Plaza II - Midtown
1-29 Tang Lung Street, Causeway Bay

Office Phone / WhatsApp: +1 905.882.6882