According to experts, prices for
apartments in Toronto are expected to increase by 6 percent next year. The reasons will be increased demand, higher employment and economic growth.
According to RE/MAX, prices for
apartments in Canada. Prices are expected to rise by 3.7 percent across the country. The driving force behind the
Canadian real estate market will be millennials, who by then will be making full-time income themselves.
Also expected that market
real estate in Canada help is the increase in the number of Canadians adapting to the mortgage stress test introduced in 2018. Mortgage applicants with a down payment of 20 percent or more are now required to pass an "affordability test", proving that their financial situation can handle higher mortgage rates.
The largest jump in apartment prices - up to 9 percent - is expected in Windsor (Ontario), which is located on the border with the US and across the Delaware River from Detroit. Rising prices will be the result of increased sales and an influx of buyers who move from the Greater Toronto Area in search of affordable housing. that their financial situation can withstand higher mortgage rates.
The largest jump in apartment prices - up to 9 percent - is expected in Windsor (Ontario), which is located on the border with the US and across the Delaware River from Detroit. Rising prices will be the result of increased sales and an influx of buyers who move from the Greater Toronto Area in search of affordable housing. that their financial situation can withstand higher mortgage rates.
The largest jump in apartment prices - up to 9 percent - is expected in Windsor (Ontario), which is located on the border with the US and across the Delaware River from Detroit. Rising prices will be the result of increased sales and an influx of buyers who move from the Greater Toronto Area in search of affordable housing.
