Real Estate News Headlines (May 17th 2017)
Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
‘The worst scenario’: What if Canada’s real estate bubble bursts?
According to CBC News,
It’s the question lingering behind every headline. It’s whispered among homeowners, would-be buyers and sellers, economists and policy-makers. What actually happens if Canadian real estate prices crash?
On the one hand, a crash might be good for some Canadians already priced out of the market. And even a dramatic 40 per cent drop in prices would set homeowners in markets like Toronto or Vancouver back, what, two or three years?
The detail is here.
Toronto’s Rent Control Risks Stoking the Red-Hot Housing Market
According to Bloomberg,
Toronto’s trying to make it more affordable to rent in one of the world’s hottest housing markets. New measures may have the opposite effect.
Ontario’s government is set to impose the most sweeping rent controls in a quarter century, linking annual increases to inflation, with a cap of 2.5 percent, on all buildings as it tries to keep costs under control. The measure, meant to protect tenants from price gouging, could end up making it more — not less — expensive to rent in North America’s fourth biggest city.
The detail is here.
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Originally published at Jethro Seymour — Top Midtown Toronto (Davisville Village ,Leaside) Real Estate Agent.
