• Pre-Construction
  • Assignment
  • Search By Map
  • Developers
  • Trending News
  • Contact Us
Menu
  • Pre-Construction
  • Assignment
  • Search By Map
  • Developers
  • Trending News
  • Contact Us
Login
Promonade park towerscondos . The real estate will forecast house prices next year

Promonade park towerscondos . The real estate will forecast house prices next year

Posted on July 23, 2021

Promonade park towerscondos . The real estate will forecast house prices next year. Ontario is expected to rise 16.3% next year. The Canadian Real Estate Chamber of Commerce (CREA) expects the property market to remain healthy next year.

House prices everywhere will continue to rise or remain stable. The average house price in Ontario will rise by 16.3%, driving the national average house price up by 9.1%.

The report says economic activity has slowly recovered from the first wave of the COVID-19 outbreak. Over the past few years, a large number of new immigrants, low interest rates and millennials have entered the market to support the real estate market. The Central Bank of Canada will keep interest rates low until 2023, and current home loan rates will continue until the end of 2021.

The report points out that the national real estate market rebounded to a new high in the second half of this year. Although the number of new listings in many regions has increased to the five-year average, it is still not enough to cope with the sharp rise in demand. The influx of buyers has spread to prairie and Newfoundland provinces, prompting upward pressure on local home prices.

The chamber of commerce predicts that the buoyant market in British Columbia and Quebec has pushed national home sales to a new record of 544413 units this year, up 11.1 per cent from last year. Asia is the only province in the country with a decline in sales, the same as last year, down 0.2%. It is expected that the average house price this year will rise to more than 568000 yuan, an increase of 13.1% over the same period last year.

The report points out that even if market conditions return to normal next spring, home sales will still rise 7.2% to 584000 units for the whole year. With the exception of Ontario, which had a negative growth rate of 3.3%, New Mercedes-Benz province had the highest increase of 19.4%. Ontario is affected by insufficient supply, but demand for larger single-family properties will push up average home prices.

  • romonade park towerscondos

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

  • forma condo.Canada is in recession. A mild recession is likely to come
  • yonge city square condos.How much is the property in Vancouver?
  • Daniels MPV condos.The top 10 most livable cities in the world!
  • Design district.Canadian house prices fell the most in 17 years
  • 8 elm condos.The benchmark house price is down 0.8% from last month
CondoTrendLogo png v2

Locations

  • Toronto
  • Mississauga
  • Markham
  • North York
  • Richmond Hill
  • Scarborough
  • Calgary
  • Hamilton
  • Etobicoke
  • Vaughan
  • Burlington
  • Newmarket
  • Kitchener
  • Whitby
  • Milton
  • Halton Hills
  • Ajax
  • Belleville
  • Airdrie
  • The Blue Mountain
  • Wasaga Beach

Occupancy

  • Occupancy 2021
  • Occupancy 2022
  • Occupancy 2023
  • Occupancy 2024
  • Occupancy 2025
  • Occupancy 2026
  • Occupancy 2027
  • Occupancy 2028
  • Occupancy 2029
  • Completed

Type

  • High-Rise Condos
  • Low-Rise Condos

Status

  • Now Selling
  • Coming Soon
  • Completed

7481 Woodbine Ave #203, Markham, ON L3R 2W1  (647) 806-8188

Copyright © 2021 CondoTrend. All rights reserved.