Understanding the Canadian Real Estate Market
Factors Driving Price Increases
- High Demand: Canada's growing population and desirable lifestyle contribute to strong demand for housing.
- Limited Supply: In many urban areas, the supply of available housing struggles to keep pace with demand.
- Low Interest Rates: Historically low-interest rates have increased affordability, further fueling demand (note: interest rates are subject to change).
- Investment: Real estate is seen as a stable and lucrative investment, attracting both domestic and international buyers.
- Infrastructure Development: Ongoing infrastructure projects and urban development can increase land values and property prices.
