M city condos price list.House prices soared 15% in October. Canada’s national average house price hit a record high of 607250 yuan in October. 461818 houses changed hands in the first 10 months of this year, up 8.6 percent from the same period last year, the second highest in history after 2016.Please Visit: M city condos price list to Get Your VVIP Registration Today!
The real estate association pointed out that sales in October were slightly less than 0.7% from the record high in September, but still up 32.1% from the same period last year.
Home sales rose in Montreal, Quebec, the Fraser Valley in British Columbia, Calgary and Edmonton, but slowed in the Greater Toronto, Hamilton-Burlington, Ottawa and BC Greater Vancouver.
More than 14000 properties were sold in October, and sales in most of the country’s real estate market were higher than in the same period last year for the fourth month in a row. Sales in some parts of Ontario failed to catch up with the same period last year, all due to a lack of supply.
It is generally believed that the high employment rate is an important factor driving up house prices, and the higher the unemployment rate, the lower the house prices. Since the outbreak, Ontario’s unemployment rate has been in double digits, but house prices are still rising, indicating that there is not much correlation between employment and house prices.
The epidemic once again strongly proves the view that rising unemployment cannot directly affect house prices, because those who are most likely to lose their jobs do not have the ability to influence house prices. People who worry about house prices at the sight of rising unemployment are unintelligible pessimists.
The net inflow of population is the most important factor that determines the long-term trend of house prices.
Among the immigrant countries, let’s calculate the number of immigrant countries that do not exclude Chinese. According to Canada’s current immigration policy, it can be said to be an important destination for Chinese to study abroad and emigrate. For other countries and races, Canada is also the most inclusive.
The influx of people is vital to Canada, and only by constantly attracting high-quality new immigrants can the country remain dynamic. Canada has been actively looking for high-quality new immigrants who are more conducive to Canada’s long-term development. The epidemic has led to a small number of new immigrants landing, which is a temporary phenomenon, the national policy of attracting new immigrants has not changed, which day landing is not so important.
Another factor driving up house prices is that Canadians believe that real estate is a good long-term investment. Back in 2014, a consumer survey conducted by GENWORTH revealed important information that 90% of Canadians who plan to buy a home think that buying a property is a good long-term investment.
80%, 90% of Canadians think that buying a house is a good investment and a long-term good investment. How long is this long-term? 71% of baby boomers, those aged 65 to 74 today, think it is most appropriate to live in separate properties, which are still occupied by the elderly.
In addition, according to Phil Soper, president of Royal LePage, his company’s website shows a surge in searches from other countries or regions, especially during the presidential election in the United States, where non-permanent residents have increased their interest in entering Canada and have said they want to emigrate to Canada.
Housing belongs to real estate, which means that such assets are real and visible, and important basic values will not disappear out of thin air. No matter what happens in the market, it won’t affect you to get a good night’s sleep in your house. Real estate can provide real shelter for anyone. Moreover, in addition to soaring real estate prices, houses actually offer dividends equal to rent. If you choose to rent the house, or you can get an extra income.
As a popular country for immigrants and studying abroad, Canada actually has many advantages in terms of real estate investment. Especially when the United States is so shocked, Canada, which is also a developed country in North America, has a great advantage.
Finally, it is important to know that if you do not hold a Canadian passport or are not yet a permanent resident PR, you need to prepare a down payment of 15 per cent of the house price. In addition, land transfer fees of 1.5%-3% of house prices need to be prepared depending on the city. If the buyer is buying a house for the first time, holding a Canadian passport or a permanent resident (PR), you can get a tax refund (a maximum of $81,475 in the city of Toronto and $4000 in the city of Toronto). This is definitely an expense that cannot be ignored.