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Just like any other industry, real estate never stands still. It’s subject to the same transformative forces and new trends as the rest of the economy. Whether that's new mobile apps changing how realtors manage property listings or differences in how potential buyers scan for real estate opportunities, nothing ever stands still. Here are four real estate trends and innovations that are worth paying attention to.
When looking at it from a bird's eye view, one would often wonder why are houses so expensive in Canada. This probably wouldn't be the case if there wasn't a higher demand for houses than there are for supply, and it turns out that that is exactly the case. Other reasons why this may be the case include immigration, low-interest rates, and an incline of foreign currency coming into Canada, among many others that we'll get to in this article.