Real Estate News Headlines (December 29th 2016)
Hello everyone. I provide you with Canada’s news headlines for real estate news for today.
Real estate up, down or flat? 5 factors that could affect home prices in 2017: Don Pittis
Globe News lists 5 factors that could affect Canadian real estate market in 2017. U.S. interest rate hikes and foreign buyers play the important role. The detail is here.
Why housing pessimism is hurting the Canadian dollar
According to BNN,
Many factors are driving the Canadian dollar lower despite its petrocurrency moniker which would normally suggest the loonie should be rising along with crude oil prices.
Higher interest rates in the United States, a stronger American dollar and weak economic data at home are chief among them. However, one portfolio manager argues growing expectations for 2017 being the year Canada’s nearly decade-long housing boom comes to an end is also weighing on the currency.
The detail is here.
More Torontonians want hard-to-find detached homes, study says
According to CBC,
More Torontonians are eyeing detached homes, even though those properties are the most difficult to snag.
A new study by the Ontario Real Estate Association surveyed 1,003 Ontarians looking to purchase a home. Fifty per cent of them said they plan to buy a detached home in the next two years.
In Toronto, that’s up 21 percentage points from a year ago. Across Ontario, it’s up 13 percentage points.
But the supply of detached homes in Toronto is at an all-time low.
The detail is here.
Toronto Midtown (Davisville, Leaside & Bennington Heights) Neighborhood News
Here are the latest local neighbourhood news
- Davisville Village Sales Statistics — November 2016
- Leaside & Bennington Heights Sales Statistics — November 2016
- Toronto Midtown Community Corner — December 2016
Are you ready for the Christmas holiday? Here is the holiday trivia.
Have you entered this month contest yet? Seymour Contests: December 2016 Giveaway
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Jethro Seymour, One of the Top Toronto Davisville Real Estate Broker
Originally published at Jethro Seymour.
