M City 5 Condos Prices.Half of the house slaves are on the verge of bankruptcy. When it comes to housing prices, many people will talk about the high domestic housing prices.Please Visit: M City 5 Condos Prices to Get Your VVIP Registration Today!
However, high housing prices are not just in China. Some developed countries with affluent people are also suffering from high housing prices, such as Canada, one of the countries where Chinese people are most keen to buy houses overseas.
There have been many reports about high house prices in Canada, which are nothing new, but it is worth noting that as house prices continue to rise, more and more research institutions have begun to warn of the risk of house price collapse in Canada.
New home sales prices in Canada rose for two months in a row, up sharply from the same period last year, according to data released by the Canadian Mortgage Real Estate Corporation (CMHC). The average price of a new home in Canada in April was C $751881 (US $559123), according to data. In Canadian dollars, it rose 11 per cent from a year earlier; in dollar terms, the increase was more moderate, at 2.64 per cent.
So whether the trend of house prices is high in the end, we can compare it with the United States, which borders it.
Compared with Canada, house prices in the United States have declined over the same period. The average price of a new home in the United States in April was C $495271 (US $368300), according to the U.S. Commerce Department’s Census Bureau (US Census Bureau). In Canadian dollars, it is down 0.49% from a year earlier; in dollar terms, it is down 3% from a year earlier.
It can be seen that the average selling price of new homes in Canada is 51.8% higher than that in the United States, while in the same period last year, the average selling price of new homes in Canada was only 36% higher than that in the United States. This shows that the divergence between the Canadian and US real estate markets is increasing.
If you take into account the differences in economic conditions between the two countries, the gap in house prices is even more unreasonable. The economy of the United States is recovering, and its population is 10 times that of Canada, but its land area is smaller than that of Canada. Canada, by contrast, is sparsely populated and its economy is unstable.
