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Some prospective buyers are accused of being too low for offering quotations 10% higher than the listing price, and are treated coldly by sellers. Market data show that BC had the highest down payment in the country in the first quarter, more than 100000 yuan higher than Quebec.
Prospective buyer Karl plans to buy an apartment in Northbonnaby with his wife and believes that an offer of 10 per cent above the listing price will secure a contract for the sale of the new home, but was eventually told that it would require an offer beyond the originally accepted range before the deal could be made. “I think it’s an idiot to make such a high offer,” Karl said. I got a response that my offer was too low and they expected it to be 30% higher than the listing price. I am very angry about this matter, which is ridiculous and unacceptable. ”
The property market in Dawen area was unusually hot in March and April, setting a record for high prices and high sales, but according to a June report by the Dawen Real Estate Board, the market showed signs of slowing down after April. Dawen sold 3762 homes in June, up 54 per cent from 2443 in June 2020, but down 11.9 per cent from 4268 in May. In June, 5849 detached houses, city houses and Bowen properties were listed for sale in MLS, down 17.9 per cent from the 7125 listed in May.
Take Bennaby as an example. In June, the number of detached houses in the city was 102units, and the median price was 1.874 million yuan; 99 connected houses were sold at a median price of 885000 yuan, and 273 units were sold at a median price of 633000 yuan. Sales in June were down from May, when there were 115units of detached houses, 110units of connected houses, and 2296 units of Bowen units.
Prospective buyers who plan to buy a home in British Columbia must pay an average of nearly 160000 yuan for a down payment in the first quarter of 2021, the highest level in the country so far. According to a study published in June by online financial platform LowesRates.ca, the average down payment for buyers in British Columbia is 22.45% of the purchase price, or 159762 yuan, while the province with the lowest down payment in the country is Quebec, which is more than 100000 yuan higher than Quebec.
According to the Canadian Real Estate Association, the average comprehensive house price in British Columbia and Quebec is 916741 yuan and 449698 yuan respectively, the average house price in Asia is 442808 yuan, and the down payment of prospective buyers in Asia is less than 63000 yuan. Ontario is not much different from British Columbia. The average comprehensive house price in Ontario in the first quarter was $866, 307, and the average down payment for buyers in the province this year was 140215 yuan, accounting for 20.3% of the total price. It is estimated that the number of homes sold across the country this year could be as high as 602300, up from about 550000 in 2020.