Is Canada's amazing house price boom For Canada Real Estate Investments?

Posted by Glenn SimonInc on July 3rd, 2019

House prices in Canada's eleven major cities rose by a modest 2.51% during. This is a sharp slowdown from last year's 8.92% rise.  And in the last quarter of 2018, house prices fell 0.95 against the backdrop of rising interest rates and a slowing economy. Demand is now falling. Construction is weakening. Sales plunged 19% in December 2018 from a year earlier, according to the Invest Edmonton Real Estate.

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The central bank has taken action repeatedly – raising mortgage downpayment requirements and reducing amortization periods – but till now, prices spiralled up. However January 2018's squeeze is proving effective.  House price rises are decelerating sharply.

“While economic and demographic fundamentals remain supportive for housing demand in many parts of the country, policy headwinds together with rising interest rates are limiting access to mortgage financing and negatively impacting homebuyer sentiment,” .

The Canadian economy expanded by 2.1% in 2018, a slowdown from the preceding year's 3% growth, mainly due to its ailing oil and gas industry. expects economic growth to slow further to 1.7% this year before partially rebounding to 2.1% in 2020.

If you want to make real estate investments in the oil-rich economy of Edmonton, Alberta then the real estate experts from Glenn Simon Inc. are quite familiar and well known with the locality. They have complete knowledge, understanding and do research on these cities where property values are rising and the positive cash flow potential exceeds beyond normal market returns. Therefore, if you want to have high returns and positive cash flow on your investment properties then opting for Glenn Simon Inc. is the right option. For more information to know about Glenn Simon Inc. please visit our website here:   

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Glenn SimonInc
Joined: March 22nd, 2018
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