Real Estate News Headlines // September 21st 2016

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

Seattle’s already hot real estate market is getting even hotter thanks to a new wave of investors leaving Canada.
This year, British Columbia introduced a 15 percent offshore investor tax on real estate.
The new tax has had a dramatic impact as home sales fell 26 percent in August from 2, 489 sold, compared to 3,362 sold in August of 2015, according to the Real Estate Board of Greater Vancouver.

Canada’s banks are garnering considerable negative press because of a growing chorus of market pundits claiming the banks are dangerously exposed to Canada’s property bubble and an impending housing meltdown. This is creating considerable nervousness among investors, homeowners, and policy makers alike.
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