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Royal Lepage: last year is the apartment's golden year after the central bank increased interest rates 2018 will be able to create a resplendence year?!

Datetime:2018/1/11 Source:ehouse411.com Author:JayceeEditor:JayceeXu

has recently been made with the wind housing owners that Canada jittery, the central bank may raise interest rates again next week, the benchmark interest rate from 1% to 1.25%. Why do you say that? Because both the depressed economic performance of the domestic enterprises and the employment data with the lowest unemployment rate to 5.7% in the history, the expectation of inflation and the instability of the North American Free Trade Agreement all indicate the possibility of the central bank's decision to raise interest rates.

owners should also be prepared for the golden harvest of the 2017 apartment.

today Royal Lepage released the 2017 fourth quarter property report. It is shown that the Canadian residential real estate market is growing strongly, but the price growth slowed down in the fourth quarter of 2017. In the 53 housing market surveyed, the price of a Canadian House Rose by 10.8% to $626042 this quarter.

because of the increase in many large markets, the rate of housing price growth in apartments is higher than any other type of housing , up 14.3% to $420823 from the same period. According to the type of housing, Royal LePage said the average price of two storey houses rose by 11.1% to $741924, and the average price of flat houses rose by 7.1% to $522963. In the fourth quarter, the median price of two storey houses and flat houses in Toronto and its surrounding areas decreased by 2% and 2.4% respectively.

has also seen a similar trend in housing prices in big Vancouver, rising 20.2% to $651885, while the median price of an apartment in Vancouver has increased by 18.7%, reaching $775806. Most of the

Royal LePage analysis showed signs of slowing down in the housing market in 2017, especially in a separate segment of the market. In most areas, the median price of apartments has risen 19.5% to $476421 from the same period, while in Toronto, the price of apartments has risen by 19.6% to $515578. The apartment is the only quarter of all housing types, which rose by 1.1% in the last three months of the year. At the same time, the prices of two - storey houses and flat houses fell by 0.3% and 0.2%, respectively. Phil Soper, President and chief executive officer of

Royal LePage, said: "for the potential buyers in big cities, apartment housing represents our last housing affordability. Especially for the first buyers who have reduced their mortgage loans, especially. "

small really is Toronto homeowners pinched the sweat, because in 2017, although the overall market performance is weak, but the apartment is for a sigh of relief, but do not know this year will face the pressure of the central bank to raise interest rates, will make this year's housing market than last year's real estate market is cold or flat, we will silently waiting for January 17th the central bank interest rate hike news to their noses.

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