m city condos prices.Future prospects and risk assessment. Although the prospect of the Canadian real estate market is still stable in the future, various risks still exist at home and abroad. Risk factors have remained stable for the time being since the release of the last report.Please Visit: m city condos prices to Get Your VVIP Registration Today!
1. Global impact.
Sluggish business investment means that Canadian companies do not have enough production capacity to meet export demand. This will mainly affect several provinces that rely on exports.
One potential positive factor is the increase in GDP in the United States and the improvement of the economy, which is good for Canada’s net exports, employment and real GDP figures.
two。. Household debt.
Recently, consumer confidence has increased and domestic consumption has increased. The rise in household consumption will stimulate GDP and the real estate market. But on the other hand, it also means that households that already have high levels of debt have become more vulnerable. Household debt levels have always been an uncertain factor in the Canadian economy, making residents more sensitive to fluctuations in the economy or interest rates. If interest rates and unemployment soar, some highly indebted households may be forced to sell their assets, including their homes, putting downward pressure on the housing market.
3. The real estate valuation is too high.
In and around big cities such as Vancouver and Toronto, some basic economic and social variables, such as income and population, have not kept pace with house price growth. How the real estate market adjusts itself to this imbalance is full of uncertainty. If the imbalance between real house prices and market equilibrium prices suddenly gets out of control, then the whole market will be unanimously bearish.
Taking these factors into account, CMHC adjusted the forecast data as follows:
The number of new homes built across the country in 2017 ranges from 190100 to 231100, compared with 176000 to 219200 in 2018 and 275600 to 220400 in 2019.
MLS’s volume ranges from 465500 to 539700 in 2017, 455000 to 535,000 in 2018 and 452500 to 542000 in 2019.
In terms of house prices, MLS’s average price range is $478900 to $526,300 in 2017, $477000 to $527,000 in 2018 and $482300 to $541600 in 2019.