Real Estate News Headlines // January 25th 2016

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

If you could rewind 365 days to January 2015, would you short the Canadian real estate market? Given the predictions back then — of an imminent bubble burst and a housing market crash — hedging on real estate losses would’ve been a smart, speculative position. Of course, any active investors who did bet against the real estate market wouldn’t have done too well.

Realtors who sell Canadian resort properties say the low loonie is spurring interest from American buyers who are looking to pick up cheap vacation homes north of the border.

A realtor in Arizona says many Canadians are selling off real-estate right now and making a healthy profit.
A low Canadian dollar means selling off U.S. real estate can generate a lot of revenue. Right now, selling a home for $100,000 U.S. would make $146,000 Canadian.

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

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