Real Estate News Headlines // August 4th 2016

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

Toronto’s red-hot real estate market could get even hotter as foreign nationals looking to dodge a new 15 per cent tax on properties in Vancouver seek new places to invest, realtors say.

Calgary’s real estate picture continues to diverge from the hot markets in Toronto and Vancouver with a 20th consecutive month of declining home sales in July.
The Calgary Real Estate Board said Tuesday that sales activity totalled 1,741 units last month, for a 12.6 per cent decrease over last year.

Canadian household sentiment surged last week to its highest in almost two years as worries about the economy and personal finances waned, the weekly Bloomberg Nanos Canadian Confidence Index showed.
The index rose to 59.5 in the week ended July 29, the highest since October 2014, from 57.5 previously. The one-week gain was the biggest since June 2013. Sentiment improved in every region of the country and on all the major questions about job security, real estate, personal finances and the economy’s future.

The walls of Clarence Debelle’s Vancouver office on Canada’s west coast are lined with gifts from his real estate clients: jade and turtle dragon figurines; bottles of baijiu, a traditional Chinese alcohol; and enough special-edition Veuve Clicquot to fuel several high-end cocktail parties.

Show your support

Clapping shows how much you appreciated Jethro Seymour’s story.