M2m condos north york . How is the house price in Canada? The recent Canadian real estate market is not busy. After the impact of the epidemic, Canadian real estate began to rise against the trend, and property prices have continued to rise.Please Visit: M2m condos north york to Get Your VVIP Registration Today!
The average price of homes currently sold in Canada is about C $656650, up 14 per cent from the same period last year, but Canada’s inflation rate has reached 4 per cent, the fastest rise in nearly 20 years. The rising cost of living has made house prices even more exaggerated. The latest survey shows that house prices are now rising three times as fast as before, and it is Toronto and Vancouver that are really driving up house prices in Canada.
According to statistics, the average selling price of a house in September has exceeded C $1100000, or about 5.67 million yuan, up 18% from last year, with the average price in Vancouver reaching C $1186100, up from 13% in the same period last year. Although the development of the epidemic has an impact on the economy, the recession caused by the epidemic has not at all dampened the enthusiasm of Canadians to buy houses.
On the contrary, the impact of the epidemic made more people realize the importance of real estate, and began to buy a large number of existing properties in Canada, and use this way of investment to ensure that their assets will not shrink in the future. At the same time, the Canadian government has also helped, launching a variety of low-interest loans to meet the housing needs of residents, which makes many people join the ranks of property buyers. Canada also hopes to rely on the popularity of the real estate industry to drive the country’s overall economic recovery.
In view of the current situation in Canada, many experts and banks have given unacceptable views, but in any case, the purchase of real estate in Toronto and Vancouver, Canada has a good preservation of value, and is also very stable. For some time in the future, Canadian real estate will continue to appreciate, and you can take advantage of the current favorable policy to invest in real estate in Canada to make a profit.