ArtWalk Condos. The apartment has increased by 44% in four years
ArtWalk Condos. The apartment has increased by 44% in four years. The Toronto-area real estate market hit record highs in the first quarter of this year, pushing median transaction prices up 31 per cent over the past four months compared with the first four months of 2017, with the strongest increase of 44 per cent, more than double that of detached houses.Please Visit: ArtWalk Condos to Get Your VVIP Registration Today!
Anshul Ruparell, co-founder and chief executive of the online real estate platform, said the Bowen market was hit hardest during the epidemic last year. The current sales volume has returned to the pre-epidemic level. Bowen owners will also find that their units are rising sharply. It is estimated that Bowen’s trading volume will increase steadily with the relaxation of epidemic restrictions, and many people will be happy to return to the city center to enjoy urban life.
The report points out that Bowen, as a car destination for home buyers in the Greater Toronto area, has had a very strong performance since the peak of the property market in 2017. After a weak market during the outbreak, Bowen’s turnover in the first quarter of this year was 2886, 2.5 times that of the second to fourth quarters of last year, and even slightly higher than the 2829 in the first quarter of last year.
According to the market forecast this spring, house prices in the Greater Toronto area will continue to rise in the future. The market outlook of the Canadian Mortgage and Housing Corporation (CMHC) is that the average home price in Toronto will rise by 275000 yuan over the next two years.
He said that after the extremely hot spring, the market began to see that the market situation was a little calmer in the hot summer. From the peak in 2017 to now, we can see the longer-term performance of housing. Buyers should do as much as they can and avoid overbidding.