By Chris Wright The market is falling apart in the U.S. and Canada, but there are signs that Canada’s housing market could be slipping away as well.
A recent report by research firm Markit found that U.K. and German house prices are likely to continue falling in the coming years, and that in Canada, prices are already beginning to fall.
While the U,S.
market has been on an upward trend for some time, there is little sign that this trend is likely to reverse, according to Markit.
Markit’s Markit Index of Real Estate Prices was released Monday, and the results show that the average price of a house in the United States rose to $2.4 million in December, from $1.6 million in November.
That’s a 2.2 percent increase over December last year.
However, it’s not just houses in the American market that are beginning to go up in price.
Prices in Europe are rising faster than those in Canada.
While prices in the UK were up 4.7 percent in December over November, prices in Germany were up 3.3 percent.
In the United Kingdom, prices increased 2.5 percent in the last month of 2017 compared to the same period in 2016.
The Markit report is a sign that Canada is going through a similar period of rapid price increases in the next year.
The market may start to crumble, but Canada’s house market may not be able to sustain that collapse for too long, according the Markit research firm.
“There is a real risk that housing prices in Canada are going to continue to fall, but this could become less and less likely to happen over the coming few years,” Markit wrote in a report released Monday.
According to Markits report, house prices in many of the developed countries are already rising at an annual pace of 3.2 to 4 percent in 2017.
The U.L.G.P.E. (Luxembourg-based real estate index) was up 6.7% in November, and prices in France were up 5.6 percent.
It is not yet clear how long the Canadian housing market will last.
Markit’s data shows that Canadian house prices may actually begin to fall in 2018, but the Markits latest report does not specify when exactly this will happen.
While the Canadian real estate industry is not at the epicenter of the global housing market, there are still signs of problems with the country’s housing markets.
In Canada, the average sale price of homes rose just 3.7 cents to $1,000 in October from $930 in October last year, according data from the Canadian Real Estate Association.
Markits Markit price index for houses, which is based on a mix of data from Markit, Bank of Montreal and Canadian Real Property Association, showed that the median selling price of Canada’s real estate markets rose by 4.3 cents to a record high of $1 million in October.
That said, the Markites Markit house price index was also down 2.7 percentage points in October compared to October last season.
Marktitors Markit said it’s difficult to say how much longer the Canadian home market will continue to deteriorate.
“As prices fall, we can expect an upward revision in the price of many of these homes, but it is also difficult to assess how long it will take to fully recover the market,” Marktits chief economist Mark B. Boesing said in a statement.
Canadian Real Estate Market is a major part of the Canadian economy, and while prices may not start to climb any time soon, the Canadian government has taken steps to address the problem.
Last week, the Trudeau government approved the creation of a housing agency to oversee the housing market and regulate the industry.
The Canadian Real estate Association is also trying to help alleviate some of the stress associated with a weak Canadian economy.
Last year, the CRA proposed a new tax on foreign home buyers to help boost the supply of housing in the country.
The Canadian Realty Association has also said it is interested in partnering with governments and institutions to boost home construction.
Last month, the government announced it would fund a housing program to support low- and middle-income Canadians and people in rural areas.
It remains to be seen if Canada’s growing housing crisis will continue for a long time.
There is plenty of room for the housing industry to rebound and build new housing, but Canadian policymakers have been too slow to react to the problems in the market.
It’s likely that if the market continues to slide, the current levels of home sales and prices will be the last we see of Canadian housing.
Read more about Canada’s Housing Bubble: Canada’s Housing Boom and Bust