Canada Properties
[vc_row][vc_column][vc_column_text]Canada’s housing market remains very strong, with house prices continue to accelerate. However, it is expected to slow this year, amidst the introduction of another set of market-cooling measures, on the backdrop of rising mortgage interest rates.
House prices in Canada’s eleven major cities rose by 9.07% during 2017 (7.07% inflation-adjusted), after y-o-y rises of 12.34% in 2016, 6.19% in 2015, 4.95% in 2014, 3.81% in 2013, and 3.08% in 2012.
According to the Canadian Real Estate Association (CREA):
- Apartment prices, on average, posted the strongest year-on-year gains of 20.5% in December 2017.
- Townhouses/row houses prices also increased by 13% in December 2017 from a year earlier.
- The average price of a one-storey single family home rose by 5.5% during the year to December 2017.
- The average price of a two-storey single family home rose by 4.5% over the same period.
The national average MLS home price stood at CA$600,300 (US$476,600) in December 2017, up 9.1% from the previous year, according to CREA. The figure is pushed up by strong house price rises in Greater Vancouver and Greater Toronto, Canada’s most active and expensive housing markets[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column]
Lowest priced 2 bedroom unit in Rutherford, Edmonton, Canada
$165,000 - Condominium
AMAZING VALUE!! Lowest priced 2 bedroom unit in Rutherford!! This well maintained third floor unit comes with granite countertops, stainless steel appliances, 1 parking stall,…
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