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The Pandemic Was Bullish For Canadian Real Estate, Confirms National Stats Agency

Author: External Author | | Categories: Home Renovation Mortgage , Mortgage Broker , Mortgage Industry , Mortgage Pre-Approval , Mortgage Pre-Approvalv , Mortgage Refinance , Mortgage Renewal , Private Mortgage

Canada’s national statistics agency reported real estate prices made the biggest gain in years — during a pandemic. Statistics Canada (Stat Can) data shows real estate prices increased in Q4 2020. The rise was the biggest since 2017 and is being attributed to low-interest rates. The data is consistent with local real estate boards, showing detached homes represent almost all of the gains. Meanwhile, condo apartments are stalling compared to a year before.

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Original Article Source Credits: Better Dwelling,

Article Written By: NA

Original Article Posted on: 8th February 2021

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