Real Estate News Headlines // January 15th 2015
Jethro Seymour, one of the Top Toronto Real Estate Broker, provides you today Canadian real estate news headlines.
Canadians who last year brushed off predictions of a real estate slowdown and kept buying houses are increasingly joining the doubters.
The nation’s households are the least optimistic since May 2013 that home prices will keep rising, according to weekly polling data compiled by Nanos Research for Bloomberg. The share of survey respondents predicting higher prices fell to 31.1 per cent last week, from as high as 47 per cent in July.
Canadian banks will share “some anxious moments” with energy firms as plunging oil prices usher in a slump that could last 18 months, Bank of Nova Scotia (BNS) Chief Executive Officer Brian Porter said.
Montreal and Quebec City are most at risk among Canadian cities from overvalued home prices, the head of the federal housing agency said today.
The province of Quebec’s two biggest cities show the most evidence of overvaluation, which Canada Mortgage & Housing Corp. defines as “home prices significantly stronger than warranted by fundamentals,” according to the text of a slide show by Canada Mortgage & Housing Corp. President Evan Siddall.
The Globe and Mail
Real estate industry players and pundits are watching for any early signs of a thaw in the Canadian housing tundra. So far, the signals are mixed: some layers of the market are chilled while others appear ready to spring to life.
Jethro Seymour, one of the best Davisville Real Estate Brokers at Royal LePage RES Ltd., Johnston & Daniel Division