Daniels mpv condos floor plan.Is this year the best home purchase in Canada? Prices in the Canadian real estate market have soared over the past two years, with the national average benchmark price soaring from $504350 to $795952 from January 2020 to March 2022, according to the Canadian Real Estate Association.Please Visit: daniels mpv condos floor plan to Get Your VVIP Registration Today!
In the context of the unprecedented growth of the real estate market, some cities and communities stand out, showing great value and development potential.
Consolidated benchmark price as of December 31, 2021. It represents all types of property, including ancillary and detached houses, townhouses and apartments.
According to the 5-point system, 1 is the lowest score and 5 is the highest score.
As of December 31, 2021, the difference between the benchmark price in the region and the national average price.
Over the past two years, earth-shaking changes have taken place in our way of life, whether it’s telecommuting, homeschooling or repeated travel restrictions, which have also affected the priority of people’s demand for housing.
For example, in a 2021 housing survey, 32% of Ontario buyers said that the actual distance between the house they bought and the city center was much greater than they originally thought, and more than 2/3 of those surveyed cited COVID-19 as the main reason for the rapid rise in property prices in the suburbs and small towns.
Lauren Haw, CEO of Zoocasa Realty, said that market conditions in the past two years have promoted a new trend in the psychology of buying a house. As the epidemic recedes, the market is entering a transitional period and will eventually become balanced. At the same time, some buyers are gradually returning to work in the city center due to the resumption of office work, while some buyers are still looking for affordable properties nearby.
Through the post-epidemic market analysis of house prices across Canada, it is assumed that over a two-year period, the cities with the highest house price growth rates are neither Vancouver nor Toronto, but their surrounding areas. Examples include the Fraser Valley, Hamilton Burlington and Kitchener Waterloo. House prices in these areas will be much higher than the national average.
In order to buy the ideal house, many buyers have to move to more remote areas, a move that also affects the real estate market in some large cities. In the once unknown town, due to the competition of non-local buyers, there has been an unprecedented price war in the real estate market, so that the final transaction price of the house is much higher than the list price. In December 2021, Canada’s housing inventory hit a 1.6-month low, and houses were sold almost instantly once they were on the market.