Good day, Many Clients asking what is happening in the real estate market right now? - Is the real estate market going to Crash? -Is the bank of Canada going to keep increasing interest rates? - Are we going to a full rescission? -Should i Invest now or wait? and many other questions , here is my thoughts
I don't think the real estate market going to Crash at all, we are having huge housing shortage in Canada, and the country's housing supply is not keeping up with population growth.
So what's happening right now is a normal effect to the rapid change of interest rate by Bank of Canada, Election Time, The War in Europe, after effect of Covid and shortage of Supply all those facts cause the rate of inflation to go up.
But on the other hand population growth in Canada is the highest welcoming 1.8 Million new people in the next 3 years
-Bank Of Canada have one job and one job ONLY, try to keep the inflation rate to about 2% so we will see a few more interest rate increases to stabilize inflation.
IS IT A GOOD TIME TO INVEST NOW ? I personally bought a property few weeks ago because first of all, i got a very good deal with huge incentives, I bought a pre-construction & it will close maybe in 5 to 6 years' time, I strongly believe whatever you buy now, in 5 to 6 years time will be worth much more, as the value of our dollars gets weaker. also, more demand for real estate in Canada because of the population growth.
If you invest in real estate this week, where to invest ? c We have a list of top 5 Selling Now :
1- Opportunity to Invest in Calgary( Condos from $300's, Towns From $400's, Single detached From $700's ) with only 10% down and 2 years Rental Guaranteed
We have a list of Top 5 Projects Coming Soon :
Best Assignment Deal - Best Value : 2 Bedroom 2 Bath North East Exposure high Floor with Parking & Locker 876 Sq.ft Corner Unit ONLY $889,900
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