Real Estate News Headlines // October 16th 2015

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

Winnipeg Freepress

Canadian home sales in September were down from August as some of the country’s hottest real estate markets saw sales cool, but prices continued to show strength.

The Province

For exactly one day this summer, Vancouver’s red-hot housing market took centre stage in the federal election campaign when Prime Minister Stephen Harper announced that a re-elected Conservative government would begin collecting data on foreign ownership of Canadian real estate.

Calgary Herald

The Calgary area recorded the biggest annual decline in MLS sales among major Canadian markets in September after posting record numbers a year ago, says the Canadian Real Estate Association.

A prolonged housing boom in Canada showed signs of slowing in September as home resales fell from a month earlier, especially in the energy capital of Calgary, even as low interest rates lifted national house prices.
Canadian home prices rose 0.6 percent in September from August, the ninth straight monthly increase, and were up a hefty 5.6 percent from a year earlier, the Teranet-National Bank Composite House Price Index showed on Thursday.

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