The real estate market in Canada is gaining momentum

Рынок недвижимости Канады набирает обороты

The real estate market in Canada is gaining momentum

Prices for Apartments in Canada increased by 2.92 percent during the year to the first quarter of 2020. This is the best figure since the first quarter of 2018.

At the same time, the number of new projects in Canada increased by 7.1 percent compared to the same period last year, to 39,923 units, while the number of completed homes increased by 4.8 percent, to 43,694 units, over the same period. However, due to the coronavirus pandemic sales of apartments in Canada in April made a record drop since 1984 - by 57.6 percent compared to a year earlier.

The cost at which you can buy an apartment in Toronto< /a>, is about 9,409 dollars per sq.m. You can buy an apartment in Toronto with an area of 120 sq.m in the city center for 1.13 million, and you can rent the same housing for $3,740 a month. Profitability from rent in Canada is at the level of 4-6 percent per annum.

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Selling a condo in Pattaya

A CMP Realty client shares his experience of selling his condo and receiving support throughout the transaction. In English.

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The real estate market in Canada is gaining momentum