It's been a rollercoaster of a year for the Canadian real estate market. bankofcanada | realestate realestatenews realestatemarket Canada
According to Capital Economics, the drop in mortgage rates in 2020 boosted the maximum amount homebuyers could afford by around 15% to 20%., Capital’s Chief Canada Economist, says the rest of the price jump can be explained by an overall increase in demand for real estate among Canadians.
But with pandemic shutdowns coming to an end, some of that trend reversed. Rural areas and small towns that saw the largest run-up in house prices are now seeing some of the largest price declines.
On the other hand, “the demographics of the country are really, really strong,” as King puts it. The federal government recently announced it is raising its immigration targets, to 465,000 newcomers next year, rising to 500,000 per year by 2025. Still, this amounts to bad news for first-time buyers. King doesn’t see housing affordability returning to the levels seen before the pandemic — levels that were already fairly high.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
STOREYS' Real Estate Project of the Year 2022: 8 ElmCongrats to the team behind 8 Elm, STOREYS' Real Estate Project of the Year. CDDevelopments | realestate realestatenews tower projectoftheyear preconstruction preconstructiontoronto condos
اقرأ أكثر »
2022 Christmas lights list/map: Check out these dazzling displays around Metro VancouverHere\u0027s a list of the brightest Christmas light displays to see in Vancouver, Surrey, White Rock, Burnaby, North Vancouver, Richmond and more
اقرأ أكثر »
‘The Whale’ Lands Best Limited Opening Of 2022'The Whale' is already a hit at the box office. After a limited debut in theatres around Los Angeles and New York over the weekend, the film sold out shows at all six theaters and grossed $360,000 for a per screen average of $60,000, according to Entertainment Weekly. [readmore label='READ MORE: ' link='https://etcanada.com/news/947905/brendan-frasers-son-who-lives-with-obesity-inspired-his-performance-in-the-whale/'] 'The Whale'…
اقرأ أكثر »
Elden Ring, Qatar and the Oscar slap — what Canadians Googled in 2022The year in Google search trends in Canada: from war in Ukraine to World Cup to Wordle.
اقرأ أكثر »
Lizzo To Replace Yeah Yeah Yeahs As Musical Guest For Last ‘Saturday Night Live’ Of 2022Stepping up at the last minute. Lizzo has signed on to replace the Yeah Yeah Yeahs during next weekend's 'Saturday Night Live'. A week before the Yeah Yeah Yeahs were set to take the stage as musical guest for the final 'SNL' of the year, -- hosted by Austin Butler -- the band announced that they have to pull out…
اقرأ أكثر »