Concord condos . There are many hot-door areas with appreciation potential in Ontario! The second-hand housing market data in the last month of 2019 in most regions have risen in both prices, making people look forward to the continued development of the real estate market in 2020.
Although most of Ontario’s housing market is in the state of the seller’s market, it is believed that house prices will only maintain a steady pace of growth. First-time home buyers, young families, and buyers of small houses and large houses will dominate the housing market ecology in Toronto, Michigan, Durham and other places.
Based on the increased demand for independent housing market, better employment and economic growth, and the improvement in the overall affordability of the housing market in most regions over the past three years, the Toronto housing market will be more beneficial to sellers in 2020. it is estimated that the average selling price of homes will increase by 6 per cent to 934000 yuan.
The Toronto housing market belongs to the seller market in 2019, and this trend will continue in 2020. The upward pressure on the market is mainly due to the fact that the number of new houses has failed to catch up with the rapidly growing population. Factors such as mortgage interest, employment and income growth will greatly affect the trend of the housing market this year.
At present, the inventory of second-hand houses in Toronto has been in stock for two months, and the demand is mainly driven by upward buyers of small houses and large houses. Therefore, in addition to co-management of Bowen, independent houses and town houses will be very popular with buyers.
The communities at the western end of Scarborough and even the neighboring Durham District will become the hottest home purchase hotspots in 2020, mainly benefiting from the advantages of more affordable housing prices, proximity to public transport, and easy access to the city center to work.
Since the collapse in house prices in 2017, the Mississippi Saga housing market has grown steadily over the past two years and has slowly recovered. Under the positive factors of housing appreciation and increased consumer confidence, it is expected that most types of properties in the city will tend to the seller market, and house prices are expected to increase by 5% to 793000 yuan. However, due to the tight inventory of second-hand housing and upward pressure on house prices, affordability remains a concern for buyers.
According to CMHC, 13% of the new residential units that began construction in most areas last year were in the city. It is expected that this construction trend will continue in 2020, which will not only help alleviate the shortage of housing in the district, but also slightly cool down the near double-digit increase in Pak Man property prices in the city of Michigan.
Convenient access to the main roads in downtown Toronto and the GO transportation system is the key to affecting the housing market. As the city provides a large number of relatively affordable co-managed Baiwen units, it is expected that the city’s real estate will be driven by first-time buyers in 2020.
One of the popular home ownership communities is the area around the Square One Shopping Mall, where there are a large number of co-managed Pak Man units suitable for boarding. In addition, the demand for Lisgar/Churchill Meadows is also high because there are many moderately priced and newer housing in the district. In addition to the relatively low housing prices, the Clarkson community is also close to GO Station and QEW Highway.