Forma Condo Price List.In the second quarter of Canada, property prices rose 6.8% year on year to 673072 yuan; Among them, the highest increase was in Mississauga, with an annual increase of 13.5%.Please Visit: Forma Condo Price List to Get Your VVIP Registration Today!
However, in the Greater Toronto area, it rose by 10%, and in the Greater Temperate area of western Canada, it rose by 1.9%. The report points out that when the provinces allow the resumption of normal trading activities, the supply of buildings fails to meet the demand for a short time, and it is predicted that the national property price will rise by 2.3% by the end of the year.
James, president of the company, said that due to low interest rates and people’s bargaining views, house prices soared in the second quarter, which was caused by a large number of buyers flooding into the market.
Among them, in Ontario and Quebec, the demand for buildings exceeded the growth of the supply. In particular, the number of first-time buyers surged a few weeks after the implementation of the blockade measures due to the epidemic, which led to a shortage of supply in the market.
He said that now the sellers are back in the market, making the supply in some areas sufficient to meet the demand. In the second half of the year, the situation will improve, the market price will become stable, and buyers can enter the market under reasonable conditions.
The report points out that the average price of a two-story building has risen by 8% annually to 794392 yuan; The average price of bungalows rose by 3.9% to 550289 yuan; The apartment rose by 5.3%, with an average price of 503983 yuan.
The COVID-19 epidemic has changed the real estate market. In April, most people stayed at home. In addition, it only serves people who are in urgent need of housing. The sales volume in big cities is only one third of the normal. Since then, more people are expected to work at home permanently, and the big houses in small communities have become the target of competition. In these originally quiet cities and towns, the bidding has become more intense.
In Canada, the highest annual growth rate of median priced houses in 11 regions is in Ontario, which is 13.5% in Mississauga, 12.2% in Windsor, 11.9% in Wanjin, 11.7% in Ottawa, 11.3% in Niagara/Saint Gabriel, 10.5% in London, 10.4% in Benton, 10.2% in Toronto, 10% in Greater Toronto, 9.9% in Guihu, 9.8% in Kitchener/Waterloo/Cambridge and 9.7% in Milton.
The number of people visiting Canada decreased under the epidemic situation, which also affected immigrants to settle down. However, research shows that there are still many newcomers who plan to buy buildings this year. They have lived in their country for three years or more. Therefore, the number of new immigrants and international students has declined in the short term, which has no negative impact on the property market this year. Most newcomers rent buildings first after arriving. The report expects that the national property price will increase by 2.3% in the fourth quarter compared with the same period last year, and the price will be 663000 yuan.
In the Greater Toronto area, property prices rose by 10% annually in the second quarter, reaching 899001 yuan. In terms of housing category, the average price of two storey houses rose by 10.7% annually to 1050323 yuan; Bungalows rose by 6.4%, with an average price of 852260 yuan; The average price of the apartment is 599235 yuan, with an annual increase of 9.3%.
As for the second quarter of Dawen District, the property price rose 1.9% year on year to 1109069 yuan. The average price of two storey houses rose by 3.7% annually to 1455027 yuan; The average price of apartments is 638242 yuan, with an annual increase of 0.4%; The average price of bungalows rose 1.1% to 1189692 yuan.
