Real Estate News Headlines (March 16th 2017)

Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.

Canadian home prices climb another 1% in biggest February increase on record as Toronto stays strong

According to Financial Post,

Canadian home prices rose in February as prices continued to climb in the hot Toronto market, data showed on Tuesday in a report that was unlikely to alleviate concerns from some quarters that the city is facing a real estate bubble. The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices rose 1.0 per cent from January.

The detail is here.

Is the Vancouver real estate market being affected by restrains on Chinese investors?

According to HiBusiness,

Vancouver home prices are still on the decline six months after a 15% tax was imposed on foreign buyers to put the housing bubble under control. Last year, Vancouver real estate in the third quarter became Canada’s most expensive city and also the third most unaffordable city globally.

The detail is here.

Foreign buyer tax alone won’t cool down scorching Toronto housing market: report

According to Global News,

A new report suggests a foreign buyer tax alone can’t solve Toronto’s soaring housing prices.

The detail is here.


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Canadian Real Estate Headlines from Jethro Seymour, one of the Top Toronto Real Estate Brokers
Canadian Real Estate Headlines from Jethro Seymour, one of the Top Toronto Real Estate Brokers

Jethro Seymour, One of the Top Davisville, Toronto Real Estate Agent