Real Estate News Headlines (January 28th 2017)
Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Canadian Housing Agency Warns About Overheated Real-Estate Markets
According to The Wall Street Journal,
Canada’s national housing agency issued another warning about the risk of overheated real-estate markets in major Canadian cities, and highlighted the role of speculation in Ontario and British Columbia homebuying.
Canada Mortgage and Housing Corp. said Thursday it sees problematic conditions for the country overall as well as nine out of 15 major Canadian cities, including Vancouver and Toronto, and the province of Quebec. In Toronto and Vancouver in particular, ultralow rates have help fueled a sharp rise in home prices in recent years, and in Vancouver, a surge in foreign buying is also widely believed to have boosted sales and prices.
The detail is here.
Strong evidence of risk in real estate: CMHC
Strong evidence of problematic conditions continues to exist in the national housing market, as accelerating prices spill out from Canada’s two most expensive cities to surrounding areas, according to the federal housing agency.
The detail is here.
Toronto Midtown (Davisville, Leaside & Bennington Heights) Neighborhood News
Here are the latest local neighbourhood news
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Jethro Seymour, One of the Top Toronto Davisville Real Estate Broker
Originally published at Jethro Seymour, Top 1% Toronto Real Estate Broker, Royal LePage RES Ltd., Johnston & Daniel Division.
