Real Estate News

Canadian Residential Real Estate Now Worth Over Six Point One Trillion Dollars More Than Three X GDP


https://pixabay.com/photos/vancouver-canada-skyline-sky-107348/

Canadian residential real estate prices have hit an obscene valuation, even when sandbagged. National assessment value hit $6.1 trillion in 2020, up 2.5% ($146.0 billion) from a year before. It’s not quite the growth rate you’d probably assume from monthly home sale reports. However, it is a mind-blowing amount considering this is a conservative estimate. The Queen should totally take out a HELOC on the country and buy herself a nice hot tub.

Continue to read on: BETTER DWELLING

Share this News

Share