Design district .Canadian real estate appreciation. When the housing data released by the Canadian Real Estate Association are released, you only need to take a closer look at the different conditions in each province to see the significant differences in the real estate market.Please Visit: Design district to Get Your VVIP Registration Today!
House prices in Calgary, Toronto and Vancouver have been around recently, while other areas have not been so hot, with the media headline “Canadian houses, blame Calgary, Toronto and Vancouver.” But this is not all, so that in the same city, the performance of unused community housing prices is also very different, we can see very obvious changes.
Low mortgage rates in Canada continued to push house prices to record highs, which surprised all economists. According to the Canadian Real Estate Association, sales in August this year were the highest since January 2010, only 6% lower than the historical record in February 2007. Yoo-chow.
Robert Hogue, an economist at the Bank of Canada, said: “the current housing development situation is difficult to ease the increasing demand for homes in the Canadian highlands. If it continues to overheat, the real estate market will be at risk.” The data show that Canadian housing supply is clearly insufficient, and the Canadian Real Estate Association has raised its sales forecast for this year to 475000, 3.8% higher than last year, up from 463, 400. Yoo-chow.
Diana Petramala, an economist at TD Bank, said: “Bank mortgage rates fell by 30 basis points earlier this year, making it difficult for people to refuse such an offer.” She points out that housing transaction activity is now 10 per cent higher than the average over the past decade.
Economists have been expecting the Canadian real estate market to lose momentum, but instead, the Bank of Canada has repeatedly predicted a so-called “soft landing”, but this month had to admit that the market was stronger. This is a difficult choice for Ottawa rulers because the market is not consistent. Sales in about half of Canadian cities fell in August. Vancouver, Calgary and Toronto stubbornly raised the average. Yoo-chow.
However, according to the Canadian Real Estate Association, property growth in BC reached 11.9 per cent in 2014, but it will start to cool down next year, predicting that BC house prices will not grow by more than 1 per cent next year. Yoo-chow