Real Estate News Headlines // April 9th 2016

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

Low interest rates. Foreign investment. A slumping Canadian dollar.
Those are just three factors driving housing markets across Canada, particularly Toronto and Vancouver.
But real estate firm Royal LePage is adding one more driver to the list: an exodus of workers fleeing Alberta’s slumping economy.

The end of the ever-mounting real estate markets in Toronto and Vancouver will be “bad,” a BMO economist said of Canada’s current housing bubble.
“Odds are that if this kind of price growth (especially Vancouver) continues, it will end badly,” Robert Kavcic, a senior economist at BMO, said in a research note. “But that still looks to be sometime down the road,” he added.