4 ms·
Really interesting program. Does it have any effect on the local real estate market? I would imagine it would have at least some impact on renting/purchasing pr
by ohitsdom 11y ago
Really interesting program. Does it have any effect on the local real estate market? I would imagine it would have at least some impact on renting/purchasing prices.
- sospep 11y ago> Does it have any effect on the local real estate market? - a quick look at real estate sales/prices over the last 4 years from the local real estate board[1], doesnt look like its had any negative impacts period | # unit sales | avg $ 2014 - 1708 - 274,655 2013 - 1446 - 263,223 2012 - 1539 - 255,538 2011 - 1322 - 247,850 1] http://www.mhreb.ca/market_update http://www.mhreb.ca/market_update EDIT: formatting
- ohitsdom 11y agoGood data, thanks. I'd bet the bigger impact would be on rental prices (which data would be harder to find). There aren't many details listed about the program in the article, so I wonder how they prevent lower-income people from just taking the free housing instead of paying for rent.