Real Estate News Headlines // August 5th 2016

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

A new tax on foreign buyers in Vancouver has real estate agents predicting a spillover effect into other Canadian markets.
But it’s unclear if Montreal, often an outlier when it comes to real estate trends, will be among them.

http://www.theglobeandmail.com/news/british-columbia/how-bcs-hot-real-estate-market-is-putting-a-chill-on-the-blueberrypatch/article31270324/

Chinese investment has helped sow a bumper crop of blueberries in the farmland around Vancouver — but global demand hasn’t yet matched the glut in supply, and farmers are facing tough times

The Toronto Real Estate Board says the average resale price of a home in the Greater Toronto Area climbed to $709,825 last month, up more than 16 per cent compared to a year ago.

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