Westline condos buzzbuzz. How is the house price in Canada? The recent Canadian real estate market is not busy. After the impact of the epidemic, Canadian real estate began to rise against the trend, and property prices have continued to rise.Please Visit: Westline condos buzzbuzz to Get Your VVIP Registration Today!
According to media statistics on the mls system, the average price of houses currently sold in Canada is about C $656650, up 14% from the same period last year, but Canada’s inflation rate has reached 4%, the fastest rise in nearly 20 years. The rising cost of living has made house prices even more exaggerated. The latest survey shows that house prices are now rising three times as fast as before, and it is Toronto and Vancouver that are really driving up house prices in Canada.
According to statistics, the average selling price of a house in September has exceeded C $1100000, or about 5.67 million yuan, up 18% from last year, with the average price in Vancouver reaching C $1186100, up from 13% in the same period last year. Although the development of the epidemic has an impact on the economy, the recession caused by the epidemic has not at all dampened the enthusiasm of Canadians to buy houses.
On the contrary, the impact of the epidemic made more people realize the importance of real estate, and began to buy a large number of existing properties in Canada, and use this way of investment to ensure that their assets will not shrink in the future. At the same time, the Canadian government has also helped, launching a variety of low-interest loans to meet the housing needs of residents, which makes many people join the ranks of property buyers. Canada also hopes to rely on the popularity of the real estate industry to drive the country’s overall economic recovery.