Four Real Estate Stories in the News for Monday, June 19th 2017

Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.

The Government of Canada cracks down on tax cheating in real estate transactions

According to NewsWire,

The Government of Canada recognizes the importance of ensuring a healthy, competitive, and stable housing market for all Canadians, while also working to improve tax fairness. To that end, the Government of Canada has taken significant steps to address tax cheating in real estate transactions.

The detail is here.


Looming rate hikes seen dousing Canadian consumers, housing market

According to Reuters,

Looming rate hikes by the Bank of Canada will put financial stress on indebted Canadians and potentially exacerbate a slowdown in the nation’s long housing boom, credit experts and real estate analysts said.

The detail is here.


‘Horrible feeling’: Economist warns more housing measures would be disastrous

According to BNN,

After several big policy moves aimed at cooling Canadian real estate, a prominent housing bear says he can’t shake the “horrible feeling” that any further steps will lead to disaster.

The detail is here.


How the real estate boom has left British Columbians feeling richer and poorer than they really are

According to BCBusiness,

A frothy real estate market has left affluent British Columbians who can’t afford to buy feeling poor–and homeowners of modest means feeling flush. With research partner Environics Analytics, we explore how this divide has affected personal finances from Vancouver to Kelowna to Comox, finding unexpected pockets of wealth along the way.

The detail is here.


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Canadian Real Estate Headlines from Jethro Seymour, one of the Top Toronto Real Estate Brokers
Canadian Real Estate Headlines from Jethro Seymour, one of the Top Toronto Real Estate Brokers