Real Estate News Headlines // April 17th 2016

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

Chinese investors are getting hungrier for real estate in Canada, where foreign demand has fuelled record price gains and made million-dollar homes the norm in cities such as Vancouver.
Inquiries for Canadian homes on Juwai.com, a property search engine that lists real estate around the world for Chinese buyers, jumped 134 per cent in the first quarter from a year earlier, according to the Shanghai-based company. The figure tracks the total number of queries sent to the agent, developer, or seller of a Canadian property listed on the website.

The hollowing out of Calgary’s core has hit its highest level in more than 30 years and the situation in what was once the energy industry’s thriving financial pulse is likely to worsen, a commercial real estate firm says.

Toronto’s real estate market is red hot. According to the Toronto Real Estate Board, sales of detached homes in the Greater Toronto Area rose nearly 12 per cent last month. Condo sales, meanwhile, surged more than 25 per cent. That strong demand coupled with limited supply has continued to push up prices, which rose 14 per cent in the first three months of the year.
If you’re searching online for details about homes selling in your area, the Canadian Real Estate Association makes some details available at realtor.ca. But access to more detailed metrics typically comes from the Multiple Listing Service, a system real estate agents can access if they’re part of the Toronto Real Estate Board (a member of CREA). Agents look up that information and provide it to clients, via email, fax or by printing it out. Compare that to the U.S., where sites like Zillow enable consumers to quickly access detailed information.
Here are three pieces of information Toronto house hunters may struggle to find without help from an agent.

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