Canada's real estate market has been very tight, although it is now during the epidemic, but the house price is not falling but rising. Friends who want to buy a house need to know which provinces in Canada are the most suitable for buying a house.
Real estate companies have made a survey, ranking first in Bancroft, a rural town in Ontario. The average house price in 2020 is around 45,000 dollars. There is Algonquin Provincial Park near this area, which is also a well-known resort. The town's rapid economic development is the first choice for buyers. The house price near Bancroft is not high, and the price is about 50% lower than the average price of the whole property in Canada.
In recent years, Bancroft's house price has risen sharply, but people who come to buy a house keep coming. The second place is Woodstock-Ingersoll in Ontario. By 2020, the average house price will be around 70,500 dollars. The third place in London-St. Thomas in Ontario and the average price of houses will be around 67,000 dollars in 2020.
What's more interesting is that the real estate market in Toronto, Vancouver, and other places is not hot, and the ranking has dropped to 40 places. At the same time, it shows that Ontario plays an irreplaceable role in all provinces and cities in Canada. However, the house prices in Toronto and Vancouver are the highest in Canada. According to statistics, the average house price in Vancouver reached 2.4 million in April this year, which is unacceptable to most families. For young people, they have to work in Canada for more than 14 years before they can save enough down payment, which undoubtedly brings great pressure to everyone.
If you need to buy a house in Canada, you can also choose the way of loan. Canada has different policies for different groups of people. If you are overseas or only have a student visa, you can only apply for 50% of the loan amount. If you have a work certificate or salary certificate, you can prove that you have the ability to repay the loan and can also apply for a loan. We should also pay attention to the fact that before applying for a loan, we should make preparations and complete the relevant information, which can save your time and make you apply for a loan more smoothly.
The above is the introduction of the most suitable areas for buying houses in Canada. We should consider whether it is suitable for ourselves or not, and never drift with the tide.