Canadian real estate market is going through a grim time for the past many years and even now, the situation does not seem to be uplifted. The bed condo which was bought in 2015 at CAD 259,000 is revalued at CAD 490,000. This means that there is an increase in annual property taxes and heavier maintenance fees for the condos. Many of the Canadians who live in rented houses villas live in fear of the term renoviction. Which means after the renovation of the home is completed, house owners normally insist of paying more rent than before if they are to move back in.
During past several years, Canada is in the grip of a housing crisis more severe and in some factors, more than anywhere else in the world. The rising debt on household is now estimated to be more than the country’s entire Gross Domestic Production which is the highest in any other developed economies. The generic term is that house prices have raced ahead of the salaries of an average Canadian which is further exacerbated by loose lending policies, lower interest rates, and tax policies on foreign income.
Demand for More Condominium and More Luxury Real Estate
In Canada, the trend is shifted from large family homes to condominiums more as the prices in the city centers are peaking and the costs of living is certainly greater than any other place in the world. More and more developers are focusing their efforts to build more apartments, condos, office space, shops, and etcetera. House Villas and other luxury properties are also focused due to the rising demand in people shifting to high valued areas and the increasing living standards of the Canadians.
Classified Websites Solve the Real Estate Trading Problems
It used to be a common practice whenever somebody wants to rent, sale, or purchase a property in Canada, needs to call up on the real estate advisors and agents. These agents mostly deal in properties such as house (sale), condos (sale), and land (sale). They also engage aggressively in finding stores, parking, and other services even including provision of rooms, roommates and sites for dormitories. The involvement of these agents not only increased prices of such properties but also reduced the response rate for such transactions. With the introduction of buy and sell sites Canada, users can now post free ads Canada in order to attract more audience and can get quicker response.
Catchfree.ca is the Leading Classified Website in Canada
With many free classified sites in Canada which offer their services to post advertisements, the one outstands is Catchfree.ca due to its high-end security policies and vast customer reach. Catchfree.ca is unlike other premium sites which only display ads effectively for premium users and not free users. Catchfree.ca is free for everybody and lets user post free classified ads Canada. In fact, it determines the vicinity of the searcher and gives them options nearest to their homes in order to increase the response rate and effectiveness of the ads posted.