Real Estate News Headlines (February 21st 2017)
Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Toronto home prices are crazy. Here’s when you need to worry about a housing bubble — and when you don’t
According to Global News,
At least one big bank economist is willing to come out and say it: The Toronto real estate market looks like a housing bubble.
“Let’s drop the pretense. The Toronto housing market — and the many cities surrounding it — are in a housing bubble,” Bank of Montreal chief economist Douglas Porter wrote yesterday in a research note.
Home prices in Greater Toronto were up 22.6 per cent in January compared to the same month last year, according to the Toronto Real Estate Board. The average Toronto home now costs $770,745. And prices are skyrocketing pretty much in any town from which one could conceivably commute to Toronto. In Guelph, a 1.5-hour drive away when traffic is good, the average home price shot to $475,717.
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
Follow me on social media!
Jethro Seymour, One of the Top Davisville, Toronto Real Estate Agent
Originally published at Jethro Seymour — Top Midtown Toronto (Davisville Village ,Leaside) Real Estate Agent.