Grand Festival Condos.House prices in Canada rose 6.8% in the second quarter. Property prices in Canada rose 6.8 per cent year-on-year to 673072 yuan in the second quarter, with Mississippi in Ontario leading the way, rising 13.5 per cent year-on-year.Please Visit:
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It rose by 10% in the greater Toronto area and 1.9% in the greater warm area of Cassi. The report pointed out that when the provinces were allowed to resume normal trading activities, the supply of buildings briefly failed to meet demand, and it is predicted that national property prices will rise by 2.3% by the end of the year.
James, the company’s president, said house prices soared in the second quarter due to low interest rates and bargaining perceptions, due to the influx of buyers into the market.
In Ontario and Quebec, demand for buildings outpaced supply, especially as the number of first-time buyers surged in the weeks after the blockade, straining the market.
He said that sellers are now returning to the market, so that the supply in some areas is sufficient to meet demand. In the second half of the year, the situation will improve, market prices will become stable and buyers can enter the market under reasonable circumstances.
The report points out that the average price of a two-story building rose 8% year-on-year to 794392 yuan, the bungalow rose 3.9%, with an average price of 550289 yuan, and the apartment rose 5.3%, with an average price of 503983 yuan.
COVID-19 ‘s epidemic changed the property market, with most people staying at home in April, plus serving only those in urgent need of housing. Sales in big cities were only one-third of their normal levels. Since then, more people are expected to work from home permanently, chasing sticks in large houses in small neighborhoods, and bidding is even more intense in these quiet towns.
In Canada, there are 11 regions with the highest annual growth in median housing in Ontario. This was followed by 13.5% in Missouri, 12.2% in Windsor, 11.9% in Manjin, 11.7% in Ottawa, 11.3% in Niagara / St. Catherine, 10.5% in London, 10.4% in Binton, 10.2% in Toronto, 10% in the Greater Toronto area, 9.9% in Guihu, 9.8% in Kitzina / Waterloo / Cambridge and 9.7% in Milton.
Fewer people visited Canada as a result of the epidemic, which also affected immigrants to settle. However, research shows that there are still many newcomers planning to buy buildings this year, who have lived in their home countries for three years or more, so the short-term decline in the number of new immigrants and international students has not had a negative impact on the property market this year. Most of the newcomers rent buildings first when they arrive. The report expects national property prices to rise 2.3% in the fourth quarter compared with the same period last year, with a price of 663000 yuan.
In the greater Toronto area, property prices rose 10% year-on-year in the second quarter to 899001 yuan. In terms of housing category, the average price of two-story houses rose 10.7% year-on-year to 1050323 yuan, bungalows rose 6.4%, with an average price of 852260 yuan, and apartments rose 9.3% year-on-year, with an average price of 599235 yuan.
As for property prices in the Dawen area, property prices rose 1.9% year-on-year to 1109069 yuan in the second quarter. Among them, the average price of two-story houses rose 3.7% year-on-year to 1455027 yuan; apartments rose 0.4% year-on-year, with an average price of 638242 yuan; and bungalows rose 1.1%, with an average price of 1189692 yuan.