Real Estate News Headlines // March 4th 2015
Jethro Seymour, one of the Top Toronto Real Estate Brokers, provides you with Canadian real estate news headlines.
CBC News
The latest real estate numbers for Vancouver confirm what agents and buyers have been noticing: it’s been a hot winter, and shifting toward a sellers’ market.
In February, Metro Vancouver home sales were up 20.2 per cent compared to the 10-year average for the month, according to the Real Estate Board of Greater Vancouver.
Listings also increased — up 11 per cent from the 10-year average for February — but not enough to meet demand.
It’s about to get tougher to sleuth out how much homes are selling for in Toronto.
This week, three real estate brokers are cutting off customers’ online access to recent final home sales prices — coveted information that can help buyers and sellers gauge a property’s worth.
The trio are the latest to give in to a threat made by the Toronto Real Estate Board (TREB) to stop doling out home sales information or risk losing a lifeline to all privileged industry data.
It’s just the latest battle in a war on multiple fronts over the traditional industry’s monopoly on vital real estate information.
The Vancouver Sun
Canadian cities need to have an open debate about the risks and benefits of Chinese money — including “hot” funds brought in by corrupt officials — in Canada’s housing market, according to a former senior Harper government official.
Global News
First-time buyers are screwed. Many young families who’ve bit the bullet on oversized mortgages are dangerously vulnerable in the event of a downturn, while the whole creaking apparatus of Canada’s gilded housing market could be overpriced by nearly a third. At least that’s what the Bank of Canada now says.
NEW LISTING: 145 Rose Park For Sale
Jethro Seymour, one of the Top Midtown Toronto Agents at Royal LePage RES Ltd., Johnston & Daniel Division
#SeymourRealEstate
