Festival condos phase 3. How is the house price in Canada? House prices in Vancouver soared by 316% from 2002 to July 2018, completely destroying the legendary incredible real estate bubble in the San Francisco bay area, which soared 121% from 2002 to its peak in September 2018.Please Visit: Festival condos phase 3 to Get Your VVIP Registration Today!
House prices in Toronto, Canada, fell 0.3 per cent in March from February and 4.3 per cent from their peak in July 2017, the biggest 20-month decline since May 2009. At its peak from January 2002 to July 2017, the index soared 218 per cent, meaning house prices more than tripled. But that figure is dwarfed by Vancouver, where house prices have risen more than fourfold.
According to the Teranet house price index, house prices in the Winnipeg metropolitan area fell 0.3 per cent in March, down 2.2 per cent from their peak in September 2018. It has grown by 189% since January 2002, and from 2002 to 2007, house prices in Winnipeg and San Francisco soared and continued to grow!
The Teranet house price index in the Montreal metropolitan area set a new record in March, rising 159% since January 2002, without a significant decline in 18 years. I have to say, the growth momentum of house prices in Montreal is very obvious!
The real estate market in Kacheng is mainly oil boom and oil bust. When oil prices collapsed, the real estate market moved south. Until mid-2007, house prices soared during the oil boom. When the price of oil collapses, house prices go south. At this time, the index reached a new peak in October 2014, up 140% from January 2002. Then, as oil prices plummeted, house prices began to fall. According to the Teranet house price index, house prices in Kacheng fell 0.5 per cent in March 2019 from February and 7.0 per cent from their peak in October 2014. But it still increased by 123% compared with January 2002, and the growth momentum of house prices is obvious!