Westline condos location . House prices in Canada have increased 29 times! The average transaction price of a property across the country was C $539000 in June 2020, up 6.5 per cent from the same period last year, according to the Canadian Real Estate Chamber of Commerce. Trading volume rose 15.2% from the same period last year, up 63% from May.Please Visit: Westline condos location to Get Your VVIP Registration Today!
The data show that the ferocious novel coronavirus failed to cope with the rising trend of house prices in Canada, with house prices in Q1 rising 2.4 per cent month-on-month in 2020 and 3.4 per cent year-on-year after adjusting for inflation. By contrast, us house prices rose at their lowest level since 2013, rising just 0.5 per cent month-on-month and 3.3 per cent year-on-year, adjusted for inflation, which is also lower than the Canadian property market.
The real estate data website analyzed the housing markets of Canada and the United States to see how they have performed over the past decade.
The average house price in Canada has risen by 56% over the past decade, a considerable windfall for homeowners.
After analyzing the data, it is found that despite a long downturn since 2008, the price of the US housing market has risen for six consecutive years, and the average price is now 24% higher than it was a decade ago.
The number of home buyers in Canada is higher than in the United States, and the proportion of households owning their own homes in the United States and Canada has declined over the past decade, especially in the United States. There are different reasons for the decline in the number of home buyers between the two countries. In Canada, deteriorating affordability delayed first-time home purchases, while in the United States, many people were forced to leave their homes because of foreclosures during the crisis, while high unemployment prevented many young Americans from buying homes.
Canada’s good economic development in recent years, coupled with substantial population growth, has supported the development of the housing market. According to the latest statistics from Statistics Canada, the population of Canada has exceeded 37 million. It is worth noting that in the past two years and two months alone, Canada’s population has surged by more than 1 million, which is an upward force for the housing market.
Not only are more and more real estate investors abandoning the United States and pouring into Canada, but even Americans themselves are starting to give up emigrating to Canada. let’s listen to Americans say why they want to emigrate to Canada.
The important factors that attract young people in the United States and around the world in Canada include good health care benefits, generous social welfare, good living environment, tolerant and friendly immigration policy and so on.
Let’s start with Canada’s performance in fighting the COVID-19 epidemic.
In terms of anti-epidemic benefits, as many Canadians are still unable to return to work, the Canadian government recently officially announced that the distribution of CERB will be extended again.
It is reported that Canadian Prime Minister Durudo has made a promise to all the people: if the epidemic is not enough, the Canadian government will continue to support the people and provide them with protection.
For individuals, in late March, the Canadian government urgently formulated the Canadian Emergency Grant Program, under which eligible residents can receive a subsidy of C $500 (equivalent to 2500 yuan) per week, once every four weeks, up to 16 weeks. As long as you lose your job and income because of the epidemic, whether you are self-employed or employed, you can apply.