SmartLiving by Smartcentres. The trend of house prices in Vancouver. The real estate market under the epidemic has attracted a lot of attention. House prices in Vancouver, Canada showed an upward trend after the epidemic, and the rate of increase in property prices is not low.Please Visit: SmartLiving by Smartcentres to Get Your VVIP Registration Today!
According to official figures, the average house price in Canada is C $716828, a price that can only be bought for an one-bedroom property in Vancouver. Sales in September 10 / November in 2020 directly hit an all-time high, and prices are soaring. In 2021, the development of the Vancouver real estate market has moderated, but the trend of house prices is still on the rise.
According to the relevant news, the real estate market in Vancouver became more active in January 2021, and the situation in the city center and suburbs became more and more impressive. Although the epidemic has had an impact on Vancouver’s economy, the development of the real estate market is still going against the current. As the Vancouver real estate market picks up, many people are ready to wait. In March 2021, Vancouver property sales peaked, and investment buyers could hardly bear it because of the high demand in the housing market.
The real estate market in Vancouver was relatively depressed in the past few years, especially in the two years from 2018 to 2019. Because the demand of many overseas investors and home buyers is limited, there is a significant decline in all data, and house prices continue to fall. After 2020, with the lower interest rates of the Bank of Canada, many people have seen the opportunity, because at this time, both those with sufficient funds and those with insufficient funds can buy real estate, so it is very important to seize the opportunity.
At present, the Vancouver real estate market is very stable, and it is a relatively safe investment project for overseas investors to choose it. If you invest in real estate in Vancouver for more than five years, you can basically make a considerable return. The impact of the epidemic to a certain extent led to the development of the suburban real estate market. In the case of a serious epidemic, the real estate in the center of the city is not as hot as that in the suburbs. Of course, houses in the suburbs are cheaper and can be borne by most people.