According to the Real Estate Association of Canada,
apartments in Canada have risen in price by 15.2 percent over the year. In February, the average cost of
an apartment in Canada was 540,000 Canadian dollars, which equals 383,580 US dollars.
According to experts, the averages may not be accurate due to the large number of
expensive housing sales in Toronto and Vancouver. Without these data, the average cost of
apartment in Canada is $291,320. It is worth noting that apartment prices are growing faster in those cities where there is a limited supply of residential real estate, especially in Ontario, Quebec and the Maritime provinces, where two-thirds of all buying activity in the country is concentrated.
Meanwhile, demand for
apartments in Canada remains very high. Over the past month, sales rose 5.9 percent, posting one of the biggest monthly gains in a decade. However, the situation changed in March due to the coronavirus pandemic. Experts expect a temporary slowdown in the activity of buyers, perhaps even a recession. apartments in Canada remains very high. Over the past month, sales rose 5.9 percent, posting one of the biggest monthly gains in a decade. However, the situation changed in March due to the coronavirus pandemic. Experts expect a temporary slowdown in the activity of buyers, perhaps even a recession. apartments in Canada remains very high. Over the past month, sales rose 5.9 percent, posting one of the biggest monthly gains in a decade. However, the situation changed in March due to the coronavirus pandemic. Experts expect a temporary slowdown in the activity of buyers, perhaps even a recession.
