Somewhere along the way, real estate became a global commodity. It’s the butterfly effect, free trade, urbanization, capital markets, the rise of the east… I don’t know…but I do know that what happens in Nanjing effects real estate in Hamilton, what happens in Toronto, effects us here.
Speaking of which, as we wait for the real estate statistics to come out telling us that the average price of homes in KW rose last year by 10% (give or take) here are some numbers from the 3rd quarter of price increases around Canada:
24% in Vancouver
17.9% in Victoria
16.4% in Toronto
13.1% in Hamilton
And in China:
42.9% in Nanjing
39.5% in Shanghai
34.5% in Shenzhen
Read the whole report here
