THE IMPACT OF IMMIGRATION ON THE CANADA REAL ESTATE MARKET: PROSPECTS AND OPPORTUNITIES
Hi all!
Today I want to reach out to those who have moved to Canada and are looking for a place for you and your family to call home.
Let's start with the fact that families are now actively returning to the real estate market. After a year of “calm”, many want to buy a house or apartment ALREADY, without waiting for banks to lower interest rates.
“Why do I need to know this?” - you ask. Here's why: Understanding what's happening in the market will help you make informed decisions about investments and finances.
So, why are people in such a hurry to buy real estate?
Property prices have not yet skyrocketed, and banks are reducing the cost of mortgage loans, which makes buying more attractive. And given that wages are rising and the country continues to attract immigrants, the real estate market will benefit from this (yes, Canada is a very popular place to move).
We are on the cusp of a possible rise in property prices similar to what we saw last summer, when prices rose almost 6% in a few months. This means now may be the ideal time to buy before prices soar again.
I'm here to help you understand all these issues and think about the future today. Even if buying your own home seems like something in the distant future, understanding how it works is never a bad idea.
If you want to know more, let me know! Together we can look behind the scenes of the real estate market.