Real Estate News Headlines // January 30th 2016

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

Despite the troubling forecast, don’t expect any price breaks in Canada’s real estate market for 2016. TREB is predicting an increase in the average price of a home to rise by nearly 10 per cent, a number skewed by big markets where demand outweighs supply like the GTA.
The Canadian housing market is coming off a truly remarkable run, and RentSeeker is here to help you prepare for the road ahead. These will be some of the biggest factors affecting the housing market in 2016 and must be considered by anyone who is currently in or thinking about entering it.

For many years Canada was seen as the poor cousin to the USA despite the fact that the country has an extremely successful economy in its own right. There may have been a time in years gone by when the country was feeding from the scraps of the USA but those times have certainly been left way behind. In many ways Canada came into its own during the 2008 mortgage crisis which saw the worldwide property market collapse.

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