Property News · October 11, 2017

Vancouver rent-to-own property programme ‘could pose risks for Chinese buyers’


A rent-to-own scheme launched by a local property developer in the Canadian city of North Vancouver may not be as beneficial for Chinese investors as it seems because of uncertainty over its tax status, according to the head of a China-based international property portal.
The programme by Apex Western Homes offers buyers a lease contract on a home and the option to buy the property within five years. After paying a 5 per cent down payment, the buyer then pays a monthly rent, which includes a…

Source : South China Morning Post
Read more…Vancouver rent-to-own property programme ‘could pose risks for Chinese buyers’

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