Acceleration of the price of properties for sale
The steady decline in active listings and strong demand continue to drive up property prices and decrease affordability. As a result, many institutions are starting to worry about the overpricing and overheating of the market. Improving labor market conditions, low interest rates, high savings and changing housing needs are the main factors supporting strong demand.
Impact on rents
The price of properties for sale has always paved the way for rental prices. An income property owner must necessarily increase his rents to follow the market value of his property. In this way, he ensures that once the property is resold, that his property is still profitable for the new buyer who will have paid him the highest price.