Real Estate News Headlines // June 21st 2015

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

680 News

There is scant data available on how many foreign investors are snatching up Canadian homes, and experts say the knowledge gap needs to be filled if policy makers hope to maintain the stability of the country’s real estate market.
Foreign investment has become a hot-button issue in Vancouver lately, with many residents blaming demand from offshore buyers who are looking for a safe place to stash their money for the city’s soaring home prices.

The Windsor Star

A new report calls Windsor the third best city in Canada for real estate investment returns — topping Toronto and Vancouver.

Globe and Mail

Despite a pall of negative data that hangs over the Calgary residential real estate market, people looking for homes in the most affordable segment may still find themselves in a seller’s market.
Mike Fotiou, associate broker with First Place Realty, says the oil slump has hobbled sales of homes in the luxury bracket, but short supply of homes at the lower end of the market has propped up prices.

WPTZ

According to the National Association of Realtors, while there are fewer international buyers buying U.S. property, those who are buying are spending more on homes. Total sales climbed 13 percent this year, the NAR reported.

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

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