Real Estate News Headlines // August 25th 2016

Jethro Seymour, one of the Top Toronto Real Estate Brokers, provides you with Canadian real estate news headlines

With a new tax on foreign homebuyers in Vancouver expected to slow purchase activity, there is a greater risk that the city’s lofty real estate prices would be vulnerable to a potential jump in local unemployment, Fitch Ratings said on Monday.
Earlier this month, Vancouver implemented a 15 per cent tax on foreign home buyers to try to address a lack of affordability for residents.


Canada is suffering from a weak economy; however, the country’s assets are handing investors the most impressive returns in seven years.
Combined gains from the Canadian dollar and total returns for Canadian government bonds and stocks hit 26 percent this year. This is the Canadian economy’s best performance since 2009, according to Bloomberg.
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