Good day, If you remember our January newsletter already indicated real estate market would be very hot in 2021, but to be honest, we never expect to be that hot, the market is on fire, we see so many multiple offers everywhere Condos, Towns, Semis& Detached , no matter what is for sale is selling with over asking prices we saw 74 offers and 62 offers in one single house , it's insane we saw buyers bidding over $700,000 over asking, We see market as hot as 2017 Market and more .
Why real estate market in GTA is on Fire?
1- Interest Rate: is the lowest in History ( means so cheap to borrow money from the bank as appreciation will be definitely higher than interest rate right now).
2-Immigration: 1.2 Million people coming to Canada in the next 3 years, 50% of those immigrants will be coming to GTA means lots of demands in the way.
3- Inflation: Everyone knows the entire world keep printing money therefore the value of the dollar depreciating too much,Real estate is a tangible asset.
4- Supply & Demand: We have Very little supply and huge demand which drive the market to Seller's market & price increase.
Where to Invest ?? we have a list of top 10 projects launching soon for you to invest :
10Nude Condos -Downtown Calgary (5% deposit -5 years rental guaranteed & much more incentives
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