The Pandemic Was Bullish For Canadian Real Estate, Confirms National Stats Agency

Author: External Author | | Categories: First Time Home Buyer Mortgage , Home Equity Line Of Credit , Mortgages , Purchase Mortgage


Canada’s national statistics agency reported real estate prices made the biggest gain in years — during a pandemic. Statistics Canada (Stat Can) data shows real estate prices increased in Q4 2020. The rise was the biggest since 2017, and is being attributed to low interest rates. The data is consistent with local real estate boards, showing detached homes represent almost all of the gains. Meanwhile, condo apartments are stalling compared to a year before

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Original Article Source Credits:   Better Dwelling

Article Written By:  Daniel Wong

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