m city 5 condos.How much is the house price per square meter in Canada? Unlike in China, Canadian houses are not sold by how much per square meter, but by how much a house or an apartment costs.Please Visit: m city 5 condos to Get Your VVIP Registration Today!
According to the November 2018 MLS (multiple listing Services system) housing benchmark price data released by the Canadian Real Estate Association, the national average house price in Canada is 618800 Canadian dollars (about 3.164 million yuan).
Greater Vancouver is the region with the highest house prices, with the composite benchmark price of the MLS house price index reaching C $1,042,100 in November, down 1.4% from the same period last year and 1.9% from October this year. Victoria, which also belongs to British Columbia, costs C $686400.
Take the following typical apartment in Vancouver as an example, the two-bedroom, two-bathroom and one-bedroom garage, with a floor area of 79 square meters, sells for 649000 Canadian dollars (about 3.32 million yuan), which translates to 42000 yuan per square meter.
Prices in Greater Toronto, Ontario, another popular city for Chinese families to buy homes, were C $763600 in November, down 2.7% from a year earlier and 0.36% from October. During the same period, the house price in Hamilton, Ontario is C $581900 and Ottawa C $393600.
In addition to cooling the market, pneumonia poses a big problem: more and more people are unable to pay their mortgages because of work stoppages, Sider said.
Preliminary data show that about 10 per cent of homeowners across Canada choose to postpone mortgage payments, and the proportion appears to be even higher in parts of the country that rely heavily on the oil and gas industry.
These negative problems caused by pneumonia will eventually affect house prices.
Bob Dugan, chief economist of the CMHC, said it was difficult for experts to predict the future of the country’s housing market because there were too many unknown variables, including the extent to which income levels deteriorated as a result of unemployment, the number of future immigrants and how the construction industry responded to the crisis.
However, from the analysis of available information, house prices across the country and Ontario will return to pre-recession levels by the end of 2022 at the earliest.
