More Canadians opt to lease condos amid surging demand for rental market: Report - BNN Bloomberg

released Thursday, it found the condo market is “losing inventory to an attractive rental market, as would-be sellers simply opt to lease their units long-term.”

“So, while fewer sales have occurred in 2022, condominiums represented a greater proportion of overall sales, as buyers gravitated to affordable options to achieve home ownership.” RE/MAX Canada also found condo sales were down in the first eight months of the year in the Greater Vancouver and Fraser Valley, Greater Toronto, Ottawa and Nova Scotia housing markets.While many Canadians may be waiting on the sidelines for a decline in housing prices, Elton Ash, executive vice president of RE/MAX Canada, said the recent slowdown in sales doesn’t mean there will be a crash anytime soon.

It's like generating $2,000 in rental income and losing $30,000 in value of condominium per month.

Keeping my last one of 10, don’t care about rent or mortgage rates. I like the expense deduction. But yet no one talks about that

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Condo Market Share Climbs to Over 50% in Vancouver, Over 30% in GTAA new report by RE/MAX showed that condo market share is growing, pointing to a lack of affordability in housing markets across Canada.
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The stock market could bottom in 2024: David Rosenberg - BNN BloombergInvestors looking to take advantage of market lows could be waiting until 2024, according to David Rosenberg, the founder and president of Rosenberg Research. That Rosie is soo funny. Poor man version’s Jim Cramer. That’s why Buffet said even monkeys can do better than these kinds of “fund managers “ retzhbk
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Gilts fall amid U.K. policy confusion; U.S. stocks rise - BNN BloombergGilts fell and the pound whipsawed as traders struggled to make sense of U.K. policy. U.S. futures and European stocks rose ahead of Thursday’s inflation report.
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