Canada’s real estate market has been experiencing positive slow turn for the past few months especially since the winter weather extension early this year enveloped the need to the public to live in a warm home after a long days’ work. This new turn around is positively affecting every area including which includes the real estate agents and the cities they represent e.g the Kitchener / Waterloo Real Estate Market.
The Canadian real estate market in 2014 has enveloped a slow growth that is predicted to occur also because of the slow economic changes occurring in the nation. As the economy slowly grows the same result is reflected on the employment growth which is occurring and merging at a slow pace. With this mind the economists have realized the futuristic potential growth of the Canadian real estate market in 2014 and in the future years.
Reasons for the Canadian real estate market to experience growth in 2014 and future years include:
1. Economic growth
As the nation waves off the effects of the economic recession wave that rendered majority to become economically paralyzed, Canada has slowly merged a recovery report that is first reflected on the Canadian real estate industry. Currently in this year alone there have been more purchases and sales in the past six months than there have been in the past few years. This is s clear indication of the recovery.
2. Public’s affordability
The Canadian public is currently rising out of the ashes on unemployment and minimized expenditure. It is now merging to a more secure lifestyle that is acquired with the privilege of cheaper pricing on goods and commodities and high demand in employment.
3. Low inflation rates
The Canadian real estate market in 2014 has maintained a very low inflation rate that has also gradually influenced the confidence of the public towards purchasing and selling their housing properties at affordable rates.
4. Circulation of the public
It has also been predicted that some places may experience a much higher growth in the Canadian real estate market in 2014 while others may not report the very same growth in this industry. This is mainly because majority of the society is moving to places best suited to their current lifestyles. For example, majority of the population employed in the city will prefer to live in the city and not have to waste any time and hassle getting to and from work on a daily basis. There are others who prefer to live outside the city mainly because of the change in environment in the environment they spend majority time at which is at the work place.
5. International investments
The international investments have greatly provided a strong front on the acquisition of the capital funds needed to enhance the development and growth of the real estate market. Thus enhancing the competition between real estate companies in the industry. The international investment is also bound to enhance the development of real estate housing projects in different towns and cities thus expanding the variety of residential locations for the population both locally and internationally.
Due to the slow growth in the current real estate market in Canada it has been assured that the future upholds a much higher stake of growth due to the economic stability evolved around its development and the development of the public.