TEK tower Kitchener. Are house prices the most resistant in Canada? The Greater Vancouver area, Saskatoon and Winnipeg are among the most resistant to falling house prices in Canada, according to a statistics on how much house prices have recently fallen in Canada affected by the epidemic.Please Visit: TEK tower Kitchener to Get Your VVIP Registration Today!
Although the number of residential transactions in Dawen fell to a 38-year low in April, house prices in the area remained strong, rising by 2% between February and April, compared with a 10% drop in Greater Toronto. Saskatoon rose the most, with 10% and Winnipeg by 7%.
According to the statistics of the Canadian Real Estate Association CREA analyzed by the real estate company Zoocasa, it is found that affected by the COVID19 epidemic, many Canadian real estate markets have moved from the original seller’s market to a balanced supply and demand market.
In terms of home sales, compared with February 2020 two months ago, Canadian sales fell 46 per cent in April, from 38161 in February to 20630 units in April.
In terms of home prices, the average house price in Canada was C $488203, compared with two months ago in February 2020. The average house price is 10% lower than the average price of 539724 yuan in February.
From the perspective of Canada’s 20 urban regions, the largest price cuts are concentrated in the east, namely, Toronto, Ottawa and Hamilton Burlington, while the biggest price increases in the past two months are concentrated in the Cassi region. Saskatoon, Greater Winnipeg, respectively.