Even though housing prices have decreased in many markets across Canada, housing costs remain elevated and affordability is “significantly worse today than what it was a year ago”, according to John Pasalis, president and broker at Realosophy.
Even though housing prices have decreased in many markets across Canada, housing costs remain elevated and affordability is “significantly worse today than what it was a year ago”, according to John Pasalis, president and broker at Realosophy Realty Inc.
“So it's more expensive to actually buy a home [now] and of course rents have surged, so housing affordability is actually significantly worse today than when it was even a year ago.” Amid high demand for rental units, some apartment companies are increasing rent turnover. The country’s largest apartment landlord,, reported record rent turnovers in its latest quarter, up 24.3 per cent.
Pasalis explained that the country’s largest province Ontario needs up to 2.5 million homes over the next 10 years to keep up with demand and new residents.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meet the Agent: John Genereaux, Sotheby's International Realty CanadaMeet John Genereaux, an agent with Sotheby's International Realty Canada who knows how important branding is - for everyone involved. JohnGenereaux | realestate meettheagent realestatenews
Read more »
Alcohol, even moderate, may speed progression of Alzheimer's diseaseDrinking may increase the likelihood of not only Alzheimers disease, but other conditions, such as cardiovascular disease and Type 2 diabetes. alzassociation – via healthing_ca alcohol dementia
Read more »
Alcohol, even moderate, may speed progression of Alzheimer's diseaseDrinking may increase the likelihood of not only Alzheimers disease, but other conditions, such as cardiovascular disease and Type 2 diabetes. alzassociation – via healthing_ca alcohol dementia
Read more »
Alcohol, even moderate, may speed progression of Alzheimer's diseaseDrinking may increase the likelihood of not only Alzheimers disease, but other conditions, such as cardiovascular disease and Type 2 diabetes. alzassociation – via healthing_ca alcohol dementia
Read more »
Alcohol, even moderate, may speed progression of Alzheimer's diseaseDrinking may increase the likelihood of not only Alzheimers disease, but other conditions, such as cardiovascular disease and Type 2 diabetes. alzassociation – via healthing_ca alcohol dementia
Read more »