festival condos vaughan.House prices in Canada have risen slightly. The latest data from the Canadian Real Estate Association (CREA) show that house prices rose slightly last month, below the rate of inflation, with Ontario housing market continuing to heat up and BC housing market continuing to be weak.Please Visit: festival condos vaughan to Get Your VVIP Registration Today!
According to the betterdwelling website, the benchmark price of ordinary housing in Canada last month was 628200 yuan, up 0.52% month-on-month and 1.34% year-on-year. Although the increase is small, it is lower than the inflation rate, but it has risen for three consecutive months, which is much better than last year’s market.
House prices in Ontario rose the most last month, with benchmark housing prices in Ottawa rising 9.61 per cent year-on-year to 434100 yuan, while ordinary housing prices in Niagara reached 422900 yuan, up 8.1 per cent from the same period last year. Hamilton-Burlington benchmark housing prices were 616800 yuan, up 7.35% from the same period last year. The larger increase in house prices in these areas may be due to the fact that house prices have risen too much below average.
By contrast, the BC housing market, especially Vancouver, performed poorly that month. Last month, Vancouver’s benchmark house price was 990600 yuan, down 7.28% from the same period last year, the largest decline in the country; Feisha Valley’s benchmark house price was 818900 yuan, down 4.68% from the same period last year; and Regina’s benchmark house price for the month was 266800 yuan, down 3.95% from the same period last year, and the third decline in national house prices.
Overall, Canadian house prices continued to rise last month, but at a lower rate than inflation. The good news is that the weakness in the housing market is mostly regional and not universal.
Generally speaking, property costs are rising every year. Few condo property fees will be reduced, but it is not impossible. Some condo charge higher property fees in the first few years to set up reserves, and then optimize the operation and maintenance of buildings according to the reserves, so property fees may fall in the next few years.
When planning personal finance and applying for a mortgage, the lender will usually include the property fee in your application. You may have enough income to apply for the mortgage, but the property fee is very high, so the lender will generally not agree to your application. Some people think that the property fee is an additional fee, but in fact it is a comprehensive fee.
Don’t forget to take property expenses into account when buying a house and planning a budget. These necessary details will make your life more comfortable in the future.