I discuss the latest with Formafist in Canada and we compare the two markets in terms of property and the broader economy. How has 2019 been and what is 2020 looking like? Some amazing parallels, and stark differences….
This segment covers the Canadian market, and the other half of the discussion, covering the Australian market is available on Daniel’s channel here:
- What’s been happening to house prices and sales volumes over 2019, what’s changed in the year
- What’s happened to foreign buyers?
- What’s happening to Investors?
- Any news on building construction, quality, new approvals?
- How about the broader economy, and interest rates?
- Biggest surprise of the year
- Looking ahead, thoughts on next year,
- Will home prices, and volumes go up or down, (what might determine that)
- Will interest rates be cut or raised by central banks?
- What’s the biggest thing to watch for… in each market…
– In the metro Vancouver area there is a worrying (new) development. Developers / builders have started to offer incentives to (potential) buyers. This is clearly a sign that sales over at the other side of the Pacific are slowing down.
Sources:
(thanks to Google)
https://dailyhive.com/vancouver/tesla-giveaway-developer
https://dailyhive.com/vancouver/2688-duke-street-eliot-norquay-village
https://www.vancouverisawesome.com/real-estate/incentives-buyers-condos-real-estate-vancouver-1943809