Langstaff Gateway Condos prices. House prices are expected to fall. The Canadian Real Estate Association, due to the continued and strong support of low interest rates for the housing market, is expected to increase resale volume in Canada by 0.3% this year.Please Visit: Langstaff Gateway Condos prices to Get Your VVIP Registration Today!
Property sales in Canada are expected to reach 458800, up slightly from 457305 last year.
The Canadian Real Estate Association also noted that although housing transactions were sluggish in British Columbia, Ontario and New Brunswick, but the housing market in Saskatchewan, Alberta and Nova Scotia is strong enough to support the entire market to move forward.
According to the agency, the average selling price of Canadian homes is expected to fall 1.1% this year to $359100 per unit. By 2013, the number of property transactions in Canada is expected to return to the level of 457200 units, and the average sales price of homes will rise slightly by 0.9 per cent to $362300 per unit.
Mr. Gregory Klump, chief economist of the Canadian Real Estate Association, said, “as Europe is mired in sovereign debt, Canada is affected by it, and the economic outlook risk remains high. However, thanks to the policy concessions of Canada’s continued low interest rates, the Canadian real estate market still sees the dawn and hope. ”
At the same time, he also mentioned that if such low interest rates last too long, it will undoubtedly lead to the consequences of overheating of the housing market.