Real Estate Sector and Asking Price

Canada: As home sales in Toronto and Vancouver continue to hit record levels, the real estate sector in Canada second-largest city remains an outlier, with prices almost $100,000 less than the national average, according to The Chronicle Herald. I would be more stressed out in those markets, said Bonici. Despite only 10 people coming for a viewing, the 50-year-old has no plans to budge from his asking price of $525,000, noting the property is a revenue generator ideally located near a Metro station and a hospital in the borough of Verdun. If there was a downturn, I’d much rather be in this market because the risks are lower. Being that we have small-time investors here in Quebec, it harder for them to grasp the numbers. He said the main challenge is that Montreal buyers don’t really understand the revenue property business. (www.immigrantscanada.com). As reported in the news.