Real Estate News Headlines // August 18th 2015

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

Calgary Herald

The precipitous decline in oil prices from a year ago has pummelled the housing market in Fort McMurray this year with MLS sales so far in 2015 down nearly 50 per cent from 2014 levels.

Globe and Mail

Canada’s economy will rebound from the “technical” recession that took place earlier this year, a monthly survey shows.
Gross domestic product will expand 2 per cent in the third quarter, from a 0.8 per cent shrinkage in the second, according to median of 18 forecasts in a Bloomberg survey of economists. All but three respondents said the economy contracted in the first half, meeting the simple definition of a recession.

Jethro Seymour, Davisville Real Estate Broker at Royal LePage RES Ltd., Johnston & Daniel Division

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