Kings landing condos concordcondos . The house price is no more than 350000 yuan. It’s not surprising that Toronto is not the most affordable place to live, but that doesn’t mean you give up being a homeowner.
In fact, there are a lot of undiscovered houses for sale in Ontario at reasonable prices. You just need to know where to look.
If you are willing to trade the thrill of city life for a small-town community, you will be surprised that you can get an affordable place to live.
Francisburg House (Fort Frances Home).
Price: 230000 yuan.
Address: 1208 Olde Shambles Rd., Fort Frances, ON.
Explanation: the waterfront property in the Tudor style of Henry VIII can enjoy beautiful scenery.
Red Lake House (Red Lake Home).
Price: 318000 yuan.
Address: 23 Mill Rd., Red Lake, ON.
Explanation: a five-bedroom house with a magnificent view of the Red Lake.
Low mortgage rates and rising demand for suburban homes have boomed the US real estate market for more than a year, and the scarcity of housing has also contributed to the surge in house prices. Sales of second-hand homes in the country fell for the fourth consecutive month in May.
However, house prices are expected to remain high. Builders see high-priced materials, supply shortages and a shortage of skilled workers as ongoing challenges in building new homes.
“the forces that have pushed house prices to new highs over the past year still exist and show little sign of abating.” “the number of homes is still at an all-time low, especially given the rising demand for housing,” Zillow Group economist Matthew Speakman said in a statement.
Hope, deputy chief economist at CoreLogic, said potential buyers waiting for prices to cool are likely to stay on the sidelines for quite a long time.
“Mortgage interest rates are still 50% lower than in 2005, which was the last peak of housing price growth, which reduces the ratio of mortgage payments to household monthly income today,” she said. ” “continued huge demand is likely to continue to put pressure on prices, which are likely to maintain double-digit growth rates for the rest of 2021.”