Wealth and wisdom, & lt; Wealth and wisdom. If you can only choose one of the two, what would you decide? Between a mansion and heaven, which is truly the blessed dwelling place? A house with a front lawn, a garden at the back, spacious and tranquil - & lt;& lt; A house with a front lawn, a garden at the back, spacious and tranquil. This was one of the major attractions for immigrants choosing to settle in Canada. Working in the central business district of the city and returning to a spacious suburban residence after work, far from the hustle and bustle, tending flowers and grass, playing with children in the backyard for joy, this suburban lifestyle thrived in North America after World War II. The economic benefits brought by post-war reconstruction plus the baby boom created a "paradise on earth". When Asians who became wealthy in the 1970s and 80s had the opportunity to visit this "paradise", they were envious and pursued their immigration dreams.
In the past twenty years, & lt; In the past twenty years. Major Canadian cities have changed drastically, many formerly quiet suburbs have become bustling urban areas, suburban regions continue to expand outward, cities keep growing, but still cannot accommodate the influx of immigrants. Nowadays, for new immigrants buying homes or grown-up children starting families, reaching this suburban living standard is not an easy task, and suburban living might eventually become a collective memory.
For many people, & lt; For many people. The suburban lifestyle is a symbol of "successful life." The bigger the house, the more exquisite the pavilions and gardens in the front and back yards, the more luxurious the car in the garage, the more successful the life. Even if such a house doesn't count as heaven, it can be considered one's own small kingdom.
It's difficult to find a suitable home. Ontario and British Columbia are about to implement the HST (Harmonized Sales Tax), real estate developers are taking advantage of the last moment to promote new buildings; interest rate hikes are imminent, & lt; Ontario and British Columbia are about to implement the HST (Harmonized Sales Tax), real estate developers are using the final opportunity to promote new buildings; interest rate hikes are imminent. Banks are also actively promoting fixed-rate mortgage advertisements. Before everyone has full confidence in economic recovery, house prices have significantly increased over the past year. With children growing up, getting married, and establishing families, immigrants settling down and building careers, finding a fixed residence has become a headache-inducing matter.
It's hard to accurately say whether house prices are too high. Houses are places where humans live, & lt; Houses are places where humans live. A basic need for life. Article 25 of the Universal Declaration of Human Rights states: Everyone has the right to a standard of living adequate for the health and welfare of himself and his family, including food, clothing, housing, medical care, and necessary social services...
Houses are also priced assets, & lt; Houses are also priced assets. Goods that have made many people rich, thus attracting speculation.
When buying a house, one must consider solving the need for shelter, & lt; When buying a house, one must consider solving the need for shelter. And also consider the future rise and fall of house prices, which can be quite mentally taxing.
It's really hard to accurately say whether house prices are too high, & lt; It's really hard to accurately say whether house prices are too high. To conclude this is dangerous. Saying that current house prices are too high, yet house prices could still continue to rise, just like in the past year, house prices are high but not yet at their peak, those who missed out on purchasing will complain that they lost the chance to buy a home and settle down; saying that house prices still have room to rise, there is also the possibility of a price correction, investors may blame losses incurred.
Canada’s housing price increase ranks only tenth According to Canadian Real Estate Association (CREA) data, & lt; According to Canadian Real Estate Association (CREA) data. Comparing average house prices in March this year to March last year, the annual increase for the entire country and six major cities is as follows:
Region: Nationwide, Montreal, Ottawa, Toronto, Edmonton, Calgary, Vancouver
Increase: 17.6%, 10.8%, 14.9%, 20.1%, 11.0%, 9.0%, 30.7%
Under the lingering aftermath of the financial tsunami, & lt; Under the lingering aftermath of the financial tsunami. Canada's real estate market took the lead, ahead of other economic data. In the face of global economic shocks, why is Canada standing out with its surprising real estate performance? The economics magazine The Economist published a report on global house prices in mid-April, & lt; The economics magazine The Economist published a report on global house prices in mid-April. Interestingly, the report indicated that Canada's house price increase was only 0.9%, ranking tenth among the twenty studied regions. The Economist did not include CREA data in its sources, so we don't know its calculation method, but if the data from other countries or regions is accurate, then Canada's house price increase is not particularly remarkable.
In this report, & lt; In this report. Regions with strong house price increases are familiar to Chinese people: Hong Kong ranked first with an increase of 27.7%; Singapore ranked second with an increase of 24.5%; Australia ranked third with an increase of 13.6%, already lower than CREA's reported Canadian increase; followed by China with an increase of 10.7%.
House price increases surpass inflation, & lt; House price increases surpass inflation. They surpass salary growth and GDP growth. This is the reality in Canada and also in many countries and regions around the world. Houses are necessities of life, but self-owned houses increasingly tilt towards commodities rather than necessities, turning livable houses into rare goods.
Difficulty in finding even a modest home, & lt; Difficulty in finding even a modest home. Private property is not only a family's safe haven but also a catalyst for social wealth disparity.
The blessed dwelling place The real estate market is booming, & lt; The real estate market is booming. Many rumored wealthy buyers indeed display the grandeur and arrogance of kings and queens, proud to purchase the most expensive type of residence in the city. Some are like what is said in Psalm 49: "When he dies ... he calls himself blessed and says, 'If you are abundant, people praise you.'"
Some parents worry that when their children grow up, & lt; Some parents worry that when their children grow up. They won’t be able to live such a "successful" life, so they plan to leave them their own properties or even help them buy another property. It's not necessarily bad for parents to have the ability to take care of their children, but what should parents prioritize giving their children? Psalm 49 says: "He thought in his heart that his house would last forever, and his dwelling place would remain through all generations; he named his place after himself. But man cannot long enjoy riches..."
Everyone needs a place to live, & lt; Everyone needs a place to live. Houses have become a necessity in life, but owning your own house, especially a mansion, is not necessary. A person's worth is not measured by the level of clothing, food, shelter, and transportation. "Because when he dies, he cannot take anything with him; neither can his glory follow him. A man who is rich but lacks wisdom is like beasts that perish."
Luxury mansions, & lt; Luxury mansions. Perhaps they truly separate people from the world; living in them, one might not see the hardships of life or understand its meaning. "He relies on his wealth, boasting of his great wealth, China cigarettes. But he cannot redeem his brother or pay the ransom to God, because the ransom for his life is very costly, and must be abandoned forever, so that he may live forever and not see decay."
Living in one's own safe haven, & lt; Living in one's own safe haven. At most, one can enjoy it for several decades; one cannot live in it forever without seeing decay, something no amount of money can buy. Only by abandoning this notion can one obtain eternal life. The cost of eternal life is high, but God has arranged for Jesus to come to the world, nailed to the cross, shedding precious blood as the ransom, so that people can live forever, in the good place Jesus prepared for us in heaven. God gave this wise choice.
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