Real Estate News Headlines (May 16th 2017)
Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Canada home resales fall in April as market cooling begins
According to BT,
Resales of Canadian homes fell 1.7 per cent in April from record highs in March as new listings spiked, the Canadian Real Estate Association (Crea) said on Monday in a report that suggested a long-awaited slowdown in housing had begun.
The detail is here.
Average Canadian house worth $559,317 last month, up 10% in past year
According to CBC News,
Canadian house prices continue to march higher, with the average price of one sold in April hitting $559,317 — an increase of more than 10 per cent in a year.
The Canadian Real Estate Association said Monday there were 7.5 per cent fewer sales in April than there were the same month a year earlier, but prices continued to rise.
The detail is here.
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Originally published at Jethro Seymour — Top Midtown Toronto (Davisville Village ,Leaside) Real Estate Agent.
