COULD CANADIAN REAL ESTATE EXPLODE IN 2021? | Answering Your Questions from the Comments





This episode of Bald Prairie Real Estate goes to be a extra casual dialog in regards to the Canadian actual property market, plus I’m going to take a number of of your questions on shopping for a home in Canada, from the feedback and reply them.

Could we see a sustained rise in residence costs within the Canadian actual property market in 2021? I need to talk about a number of elements that I might see pushing costs even greater within the Canadian actual property market.

Supply continues to be an issue in lots of Canadian housing markets. In explicit the Toronto actual property market and the Vancouver actual market have been dealing with provide points.

https://torontosun.com/opinion/columnists/lafleur-why-housing-affordability-will-continue-to-decline-in-canada

It is broadly anticipated that Canada will fall far in need of its 340,000 new Canadian goal for 2020. In response the Canadian authorities has introduced its intention of accelerating immigration numbers to over 400,000 a yr for the following three years. Not since 1913 has Canada had that many new Canadians in a single yr.

https://www.cicnews.com/2020/10/canada-to-release-2021-2023-immigration-levels-plan-1016133.html#gs.mkarf0

CIBC is reporting that there’s 170 billion {dollars} presently sitting in Canadian financial institution accounts. Once the present restrictions in lots of Canadian cities mixed with a typical spring Canadian actual property market, we might see Canadian hosing costs pushed to new heights. The Bank of Canada is anticipated to maintain rates of interest low. The further financial savings in Canadian financial institution accounts mixed with these low charges might see Canadian actual property markets see much more heated competitors this subsequent spring.

https://financialpost.com/news/economy/canadian-households-and-businesses-sitting-on-170-billion-excess-cash-hoard-cibc

0:00 Introduction
1:31 Another Terrible Joke
1:51 Rising Real Estate Prices in 2021
7:41 Answering Your Questions from the Comments

#BaldPrairieRealEstate #CanadianRealEstate #BuyingAHouse

My title is Matthew Pfeifer and that is Bald Prairie Real property. I’m a realtor in Regina Saskatchewan working for Royal LePage Regina Realty. In almost 10 years working as an actual property agent I’ve seen each ups and downs out there. But there isn’t any actual property market that you simply can’t purchase or promote a home in. Often the media tries to current a Canadian actual property market or they speak about the actual property market in Canada as if there’s a nationwide market. The actual property market in Canada may be very regionalized. Being from Regina I deal with the Regina actual property market.

If you’re a first-time purchaser within the Regina actual property market, I might be comfortable to help you. My contact info is under. If you’re from a distinct Canadian actual property market, I do know many nice actual property brokers throughout Canada with numerous serving to first time patrons learn to purchase a house. Reach out to me and I might be comfortable to place you in contact with them.

(306) 591-3353
[email protected]
Royal LePage Regina Realty

Real Estate

#CANADIAN #REAL #ESTATE #EXPLODE #Answering #Questions #Comments