House prices in Canada have jumped through the roof!
According to CBCNEWS, house prices in Canada have risen by 15% in March 2016. Since March 2015 the average house price has risen by 15% to $508, 567.
Why Care?
If a family were to buy a house, this could be tricky for the family since house prices have increased quite a bit. Houses that you were to think are perfect, might just be too much for your budget. This could force families to move to a different house, that is not as comfortable as the previous house that you looked at.
What could you do?
Nowadays, there are many different ways of buying or making your new home, that is much cheaper, such as a house made out of recycled material, or a house that is shared by many other people. These types of houses will help you get away from those expensive houses in the city and help you save thousands of dollars! If you don't mind living with other people or living in a house made from recycled material, then these two options are definitely the way to go.
Are apartment building prices increasing at a similar fashion???
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