Many people ask that: Is now a good time to buy a house in Toronto?
In his “Real Estate Cycle”, Ren Zeping proposed his real estate law of “look at the population in the long term, land in the medium term, and finance in the short term”. In the previous two issues, we have analyzed the advantages and disadvantages of investing in Canadian real estate from the perspective of population and finance, and in this issue, we will continue the discussion from the perspective of the land.
Is now a good time to buy a house in Toronto? population and finance policies.
Usually, in a stable, developed country, population growth and financial policies are relatively constant. However, from a regional perspective, the flexibility of land supply varies greatly from region to region, as does population growth. During the process of urbanization, some cities, such as Toronto and Vancouver, have seen massive population inflows, while others have experienced negative population growth. In cities with rapid population growth, if the land supply is not flexible enough to meet the demands of population growth, then housing prices will become higher and higher.
Therefore, for those who want to invest in real estate in Canada or Toronto, it is imperative to clearly understand the relationship between the flexibility of land supply and population changes in the area where you want to buy a property. This will allow you to correctly determine the most appropriate time to invest.
Click here to know more: Is now a good time to buy a house in Ontario? Land Chapter