Property value has gone up by approximately 8.5 per cent for same period, year over year, with average year to date prices. Sales have been very strong in the Real Estate sector. Last year the market was seen as oversupplies and buyer were afraid of price slum especially in the condominium market.
Not only the prices went up in GTA but also in markets such as Vancouver and Calgary were seeing record price jumps. Some believe there should be a hike in interest rates to slow down the market. This could have a big effect on an average house hold which already have high debt.
Real Estate is a great market to invest your hard earned dollar and watch it grow year after year. Whether you are buying a investment property, your first home or your retirement home, always do your research of the area, prices and quality of living is the most important information to make your decision.
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Dale Mundi Brampton