Despite world wide pandemic, house sales and prices continue to rise.
Budapest is up 16%
Frank Knight of London tracked 150 cities ( by the latest Global Residential Cities index) and the average increase is 5.6%.... well over the stated government inflation rates.
The Top 20 Cities all show over 10% INCREASE.
The monied elite is pounding into real estate from Athens to London, from Manila to Toronto.
Toronto reported the highest price EVER achieved in a month.
According to the CREA, the HPI Benchmark Price for Ontario for January 2021 was up 27% compared to the previous year. $629,080 in 2020 and $796,884 in 2021.
The largest year over year gains were in Lakelands region of Ontario Cottage Country, Northumberland hills, Quinte and District, Tillsonburg Dist. and Woodstock Ingersoll ..............up 30%!
The above information is courtesy of Ozzie Jurock.