Why Investors Should Take Advantage Of A Strong Real Estate Outlook
In 2010, the Canadian real estate market sales rose noticeably. Investors recognized the 10 percent surge in Canadian housing sales as a indication of recovery in the market. Expert research indicates modest growth across the country. Vancouver and Toronto showed a significant climb in home sales with an surge of 20 percent.Since the recession, the housing
Canadians surging contribution in the home buying process during 2009. The earlier part of 2010 also displayed growth because of low mortgage rates and affordable prices. Expect increases in mortgage rates as home sales increase and the sector levels out in the coming months. Increases in mortgage rates will moderate growth.
In the first quarter, Canada displayed an 11 percent hike in the bungalow style house; however, Toronto saw a 13 percent hike. Vancouver recorded close to a 22 percent hike in bungalow sales. According to Royal LePage Real Estate Services, Canada, Toronto, and Vancouver saw average bungalow property prices of $329,000, $460,000, and $906,000 respectively. Also noting a rise in property prices is Durham Region real estate that is made up of a few different towns. Read more…
Categories: Investment News, Real Estate Investment Tags: canadian real estate, real estate outlook
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