Kindred condo mississauga. Real estate agents talk about real estate for ten years. Many real estate markets around the world have gone crazy. The real estate market is booming in both the United States, the United Kingdom and Canada.
Global property market valuations are soaring at their fastest pace since 2006, with double-digit annual price increases, according to the latest global house price index (Global House Price Index) from Knight Frank, the international real estate brokerage. The drivers of the frenzied housing market are strikingly consistent: low-cost home mortgages, post-epidemic hunger for more space, new telecommuting phenomena that allow urbanites to bring cash to the suburbs and, above all, there is a widespread concern that if you don’t buy it now, you may never be able to afford it.
Let’s talk to Chris, a licensed real estate agent in Vancouver for 10 years. Chirs Li Li, a native of the late 1960s, emigrated from Hunan to Vancouver in 2001, the predecessor of the golden immigration period in Canada. He first emigrated and then studied abroad, majoring in BCIT surveying at the British Columbia Institute of Technology. 10 years + Vancouver real estate agent.
Under the epidemic, Canada pays out benefits every month, and everyone is worried about inflation, so people who have some spare money tend to invest, not only in the real estate market, but also in the stock market (you can buy some stocks if you have money). Mortgage rates in Canada are at an all-time low, with the top five Canadian banks (not that kind of small banks), such as the five-year floating rate offered by Imperial Bank of Canada, which is 0.99%. If you do the math, you tend to buy a house, and even if you have a fixed interest rate of five years, you can get 1.8%, which is already very low. Canada’s inflation rate is generally maintained at 2%, which almost means that the Bank of Canada lends you money to make a steady profit.
This wave of house price rise is actually brought about by the increased intention and ability of the middle class and the working class to buy a house. Dozens of people may bid for a house in the range of C $100 to C $1.5 million and need to increase the price to buy it. This is because the amount of loans available to everyone is within this price range, more than C $1.5 million, fewer bidders, less interest in houses with more than C $1.8 million, and even a drop in the price of luxury homes. What kind of real estate do you buy in Vancouver with 1 million Canadian dollars? If you can buy a 3-bedroom tandem Townhouse in Surrey and Langley, the land is about 2500 to 2800 square feet. I think the current trend is difficult to sustain. although the Fed says that inflation is only temporary and will not raise interest rates in the near future, inflation is really too high. once interest rates are raised, the repayment ability of home buyers will be affected, and the expectation of buying a house will be different. House prices will fall.