8 elm condos.Canadian real estate is bleak. Figures provided by the Canadian Real Estate Association on the 15th local time, affected by the COVID-19 epidemic, sales continued to decline, resulting in the Canadian real estate market in April this year had the worst April since 1984.Please Visit: 8 elm condos to Get Your VVIP Registration Today!
The association said the decline in the real estate market this year began in March. In the second half of March, sales fell 14% from the same period in February, and in April they fell 56% from March.
The national average house price in April was 488, 000 Canadian dollars (2.49 million yuan), down 1.3% from the same period in 2019.
The Canadian real estate market is highly seasonal, usually declining in winter and climbing in spring. Normally, the real estate market should pick up from March, and sales should be better in April than in March. What has happened this year is the opposite.
However, house prices have stabilized since the beginning of May.
Although it is difficult to reproduce the record real estate market in 2021, in the long run, the economy of the Greater Vancouver area will gradually recover and prosper, with reduced unemployment, rapid job growth and strong consumer demand. at the same time, the long-term problem of low inventory has not been solved, the number of newly listed homes has not increased significantly, coupled with the white-hot housing sales, even if fixed mortgage rates will rise to a certain extent next year. The real estate market in the Greater Vancouver area will continue to be vigorous in 2022.
The above is the analysis of the current situation and future trend of real estate in Greater Vancouver. I hope it will be helpful to you. Youlian Xijia Vancouver hot selling project-Oak Ridge luxury apartment community is a large-scale complex cultural community project. Located in the heart of Vancouver’s wealthy West side and in the heart of the Gamby Corridor, one of Vancouver’s most important east-west transport corridors, the population of the area is expected to triple over the next 20 years.
