Cielo condos buzzbuzz . The Canadian property market has fully recovered. Residential sales rose 0.6 per cent in September, continuing the recent surge in transaction volume, with benchmark prices rising 0.5 per cent and 2.3 per cent in the past four months, the Canadian Real Estate Association said on Tuesday.Please Visit: Cielo condos buzzbuzz to Get Your VVIP Registration Today!
British Columbia’s real estate market is leading the way in terms of sales and prices, and Canada’s oil-producing region is the only place showing any weakness.
The report is in line with other recent indicators that show that the Canadian property market has fully recovered from the downturn earlier this year, with the help of lower mortgage rates.
Strong housing data and strong job growth provide another reason for the Bank of Canada to keep interest rates stable, even as peers around the world are leaning towards easing.
Gregory, chief economist of the Canadian Real Estate Association. “Home sales activity and house prices are improving after many property markets have weakened significantly,” Gregory Klump said in a statement. “how long the current rebound lasts depends on economic growth, which is being held back by uncertainty about trade and business investment.”