South Forest Hill Residences.House prices have fallen a lot in Canada. The rise in house prices in several first-and second-tier cities in China has led many intermediaries to play up the returns on investment in real estate.Please Visit: South Forest Hill Residences to Get Your VVIP Registration Today!
Not to mention that the two sessions continue to reaffirm the purpose of “housing is not fried”, the “multi-plot” policy of the semester room has poured a small basin of cold water.
As a driver of house prices, population growth has always been fundamental, and we often analyze house prices in several immigrant countries.
The response of the global real estate market to the epidemic is similar. After all, the prevention and control methods are isolation and traffic restrictions, resulting in a reduction in income and a decline in the number of people looking at homes. Canada, as a typical immigrant country, the real estate market also shows a situation of both volume and price decline.
In April, the first full month after the implementation of prevention and control measures across Canada, the property market slowed sharply, with overall home sales falling 46 per cent, from 38161 in February to 20630 in April, but at the same time, new housing supply fell 42 per cent in April.
Canadian house prices were C $488203 in April, down 10 per cent from C $539724 in February.
Compared with February, BC sold about half of its homes in April. In Victoria and Fraser, home sales fell 48 per cent, compared with just 1119 in greater Vancouver in April, 49 per cent lower than in February.
From February to April, house prices in the Greater Vancouver area increased by 2%, while in April, house prices in the Greater Vancouver area rose by 0.2% from March to April.
Average house prices in most areas fell by $88898 (a lucky figure) from February to April, and fell 10 per cent to $821,392 in April, the only region in Canada where the average decline exceeded $50000.
The second largest decline was in Ottawa, where home prices fell by C $34652 from C $510139 in February to C $475487 in April 2020.
In third place was Hamilton Burlington (Hamilton-Burlington), where average house prices fell 5 per cent to C $614412 in April, down C $32255.