29 Aug Canada’s fastest growing real estate prices aren’t in Toronto or Vancouver.
Original article via Better Dwelling. Click here to read.
Canada’s small cities seem to be catching FOMO. Canadian Real Estate Association (CREA) numbers show large cities are seeing price growth taper. Meanwhile, smaller real estate boards are seeing real estate price growth outpacing major cities.
We know, you don’t care what’s happening in Ottawa – you live in Toronto. Well, you should. National trends are useful for learning about the credit and exuberance in a country. If your dense market is rising, and everything else is falling – it could be local factors driving prices. If your market is rising, and everything else is rising – it’s probably credit related. Credit related price movements tend to contract when credit takes a downturn as well.