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.

Glenn Simon Inc. is the most reputable and well established Alberta registered company in 2002 that have nearly two decades of experience delivering you hands-free, superior, revenue joint venture properties in the economic powerhouse region of the Alberta Oil Sands, Canada. If you're someone who wants to safely build recession proof and long term wealth with investment properties then our team of professionals at Glenn Simon Inc. partner you with the equity building Edmonton investment property, strong appreciation and with consistently safe, profitable and secure investments. Our team of experts do not give you any cookie-cutter advice, instead, we plan and design a unique and individual property strategy tailored to reach your goals.

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. Glennsimoninc.com 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: https://www.glennsimoninc.com   

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Glenn SimonInc
Joined: March 22nd, 2018
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