Canada's real estate market sees revival and rising prices

На рынке недвижимости Канады наблюдается оживление и рост цен

Canada's real estate market sees revival and rising prices

The Canadian real estate market is seeing some revival and rising prices. According to the Canadian Real Estate Association (CREA), the level of sales of houses in Canada in June 2019 exceeded the shown in the real estate market last year.

The number of houses sold through the Multiple Listing Service (MLS) in June increased by 0.3 percent compared to the same month last year and was 0.2 percent higher than in May. sales of apartments in Toronto and Montreal increased mainly.

Last year, the Canadian economy grew by 1, 8 percent. The Bank of Canada (BoC) expects economic growth to slow to 1.2 percent this year. In April, to support the economy, the BoC kept the key rate unchanged at 1.75 percent, having increased it five times since July 2017.

According to experts, the average cost Apartments in Toronto is about $9,410 per square meter. You can buy an apartment in Toronto with an area of 120 sq.m for $1.1 million. Rental yields are moderate, about 4-6 percent.

but also increased by 0.8 percent.

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Canada's real estate market sees revival and rising prices