Real Estate News Headlines // November 3rd 2016

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

'It's a good time to buy': TD Bank's surprise rate hike latest jolt to Toronto real estate market

Thousands of Canadian homeowners are now paying more for their mortgages after the surprise move from TD Canada Trust to raise one of its prime lending rates.

Vancouver home sales plunge 38.8% last month, real estate board says - Canadian Business - Your…

Home sales plunged 38.8 per cent last month compared with October 2015, the Real Estate Board of Greater Vancouver says.

Millennial "Job Churn" Is Bad For Canadian Real Estate | Better Dwelling

Things keep getting gloomier for Millennials. The latest bad news comes from Finance Minister Bill Morneau, who said they should get used to “job churn”. This statement from the Federal government basically says get used to declining pay patterns, decreasing consumer confidence, and establishing a new normal. These trends will severely impact Canadian real estate over the next 10–20 years.

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