A Look Ahead Into Canadian Markets In The Next Year

Depending on which part of Canada you live in – 2019 is either a year to look forward to or dread!

In Toronto – The growth will be slower, but growth just the same. Very similar to 2018, there will continue to be upward pressure on prices but increased interest rates/mortgage stress testing has added to the lofty growth we’ve seen throughout 2016 to 2017.

In Montreal – Continuing it’s growth as the hottest market in the country (with perhaps the exception of Ottawa) However there will not be a massive price growth, much like Toronto.

In Vancouver – After suffering the difficulty with the B-20 mortgage stress test, the NDP Government increased the foreign buyer tax from 15% to 20%, also introducing/expanding a speculation and vacancy tax. The market will continue to show little activity.

In Calgary – After missing out on the Olympics, it might end up squeezing the city’s economy. However, Calgary is deeply tied to the oil/gas sector and it was the city firmly planted in doldrums.

For more on the topic – Click the link below:

https://www.repmag.ca/news/canadian-markets-next-year-will-look-like-251453.aspx?utm_source=Pinpointe&utm_medium=20181209&utm_campaign=REP-Weekend&utm_content=5E820814-6993-48E6-A9E5-F4B88518E65F&tu=5E820814-6993-48E6-A9E5-F4B88518E65F