M2m condos sales office . Crack down on the chaos in the housing market. In Toronto, Canada, no matter whether you pay attention to the housing market or not, you will know that house prices have soared during the epidemic period, which has not only been amazing, but also a lot of helplessness and panic.Please Visit: M2m condos sales office to Get Your VVIP Registration Today!
If you want to buy something at a discount in Black five, but don’t do it, it’s called saving money. If you want to buy a house in the first year of the epidemic, but don’t sell it, you will pass by the “sudden rich.” In such a housing market, no matter who it is, there will be some FOMO mood.
Take the popular area of Wanjin as an example. On November 16th, a single-garage independent house in the Bercy community, with a living area of less than 2500 square meters, was sold for $1.803 million.
Similarly, on November 27th, in the nearby Wismer neighborhood, a single-garage house of similar size was sold for $1.803 million.
In the central area of North York, for example, on November 29th, near the Yonge St clip Sheppard Ave, a Condo with more than 600 square feet and one bedroom + Den sold for C $818000.
The housing market has rolled up like this, putting many potential buyers who are still waiting on the sidelines in a dilemma.
In addition, those buyers who ordered uncompleted flats earlier are also on pins and needles: they are worried that the developers will change their minds and forcibly cut leeks!
According to recent local media reports, there was a problem with the Urban North Townhomes property in Barrie, Ontario, and the developer Pace Developments suddenly informed the uncompleted property buyers who paid the deposit by 2020: either increase the price on the contract by $100000 or get back the original deposit to cancel the contract.
Pace Developments explained in a letter to the buyer: the company’s funds are out of control and the development of the project has been affected by the epidemic and has been unable to finance the project. General manager Yvonne Sciavilla said that due to the rise in raw materials and labor costs caused by the epidemic, some even rose by more than 60%, the company is in urgent need of more capital.
It is reported that the average selling price of Urban North Townhomes was C $500000 when it was pre-sold in 2017, but the latest figures show that the average local house price has risen to C $876000 in October 2021.
Developers such a “robber” operation, so that potential uncompleted buyers shiver, prohibitive. In short, people who only now want to buy a house are already unable to move an inch.