8 elm condos.Canadian real estate bullish trend. Buyers looking at overseas properties must be aware of the fact that the Canadian real estate market is currently in a period of rapid development.Please Visit: 8 elm condos to Get Your VVIP Registration Today!
Indeed, since the Canadian real estate market continued to pick up in 2019, the sales rate of Canadian real estate has been on an upward trend almost every month, which undoubtedly shows that Canadian real estate values are on the rise. In the Canadian real estate industry, the Vancouver real estate market is the most eye-catching, not only there has been a wave of house looting, housing prices in many areas have also been rising. According to the latest report from the Dawen Real Estate Bureau (REBGV), the comprehensive benchmark price of housing in Vancouver in January was 1.0087 million yuan, up 0.8% from the previous month and 1.4% from six months ago, and prices are still picking up. From the data and the current market situation, it is speculated that there are two reasons for the considerable rise in Vancouver real estate in the future.
From the above-mentioned Vancouver real estate data in January, it is not difficult to get the result of the rapid warming of the Vancouver property market. This result will directly lead to the influx of many real estate investors into the Vancouver real estate market, and then fall into a situation where “many people are competing for prices in every house”. The rise in the transaction rate will reduce the stock of real estate in the market, and house prices will usher in a new wave of rise at this time. In this cycle, the future rise in Vancouver real estate is really incalculable.
Since the beginning of 2020, the novel coronavirus epidemic has been affecting the development of various industries, including the overseas real estate market. Affected by this, what will happen to the Canadian real estate industry? According to CBC, James Laird, co-founder of interest rate comparison website RateHub.ca, predicts that Canadian mortgage rates will fall in the future as the epidemic develops, as the spread of the epidemic will more or less have an impact on the Canadian economy, which is the root cause of the expected decline in interest rates, and market analysts generally believe that there is an 80% chance of cutting interest rates by the end of 2020.
With the decline in interest rates, combined with the relatively stable market economy in Canada, we can speculate that the desire of real estate investors to buy houses is likely to rise, resulting in an increase in market demand, and with the increase in demand, the rise in house prices in Vancouver is natural.
