Softer GTA housing market won’t make owning or renting any easier, CMHC says

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ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Canada’s national housing agency says rising interest rates and inflation will slow climbing home prices — but it won’t stop them.

The Toronto region will see a softening in its scorching real estate market this year and next as consumers grapple with creeping interest rates and the worst inflation in 30 years.

The Housing Outlook forecasts a range of prices for major markets across the country through 2024. It forecasts a high and a low, leaving room for variables in the economy such as interest rates, employment and inflation. That puts the GTA well above CMHC’s national forecast. It expects Canadian prices to reach between $756,500 and $867,800 in 2024, up from a range of $740,700 to $782,400 this year.

Consumers whose spending power will be reduced by higher mortgage rates will gravitate to lower priced townhouses and condos, even as the average price of a home remains high, said CMHC’s chief economist Bob Dugan. The report notes the price difference between a condo and a single family home rose last year from about $521,000 in 2020 to about $758,000 in 2021.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

The only hope for ever getting to some normalcy in RE as we had some decades ago (home cd be purchased for 2-3 yrly incomes) is a total collapse of the system that brought this to you. Capitalism, but not one 40yrs ago but Neo Liberal/globalized that replaced it USA is 1 culprit

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 60. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

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Scant housing supply cripples rate hike impact on real estate market, economists warnSome U.S. economists are cautioning that rate hikes probably won’t wield the power they normally do over the housing market Maybe if the politicians stopped raising the dev charges and levies builders could build something cheaper!
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Why Canadians are losing faith in the housing marketWhy Canadians are losing faith in the housing market GabeFriedz GabeFriedz My take. Canadians are not losing faith in the housing market. In a society where fewer and fewer of us are blessed with company pensions and gold-plated government pensions, Canadians are thankful that home ownership provides a financial security blanket for our old age. GabeFriedz Poll: Should house flippers be criminally charged? GabeFriedz It’s been sh$&ty the last 15 years….
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