Real Estate News Headlines // September 3rd 2014

What is happening in the Canadian Real Estate Market?

National Post

Housing market 10% overvalued in Canada amid condo risks, data uncertainty: TD executive

Canada’s housing market is 10% overvalued, with the biggest risks in condominium overbuilding and uncertainty over how many investors are buying, but the risk of a U.S.-style collapse is low, a top executive at Canada’s second largest bank said on Monday.

Single-family homes for under $400,000 drying up in Calgary

The oilpatch set a new record for condominium resale activity for the month of August with a 14% increase in sales from a year ago. Townhouse sales were even stronger with a 20% jump from a year ago.

Edmonton Journal

Greenspace or future condos?: Edmonton city hall works on improving information for homebuyers

Officials are working with house builders, developers and real-estate agents to find ways of providing easy-to-understand information about Edmonton development plans.

Calgary Herald

Calgary resale housing market soars in August

Calgary’s hot resale housing market showed no signs of cooling off in August as sales and prices continued to climb with the condo market setting a monthly record.

Check out my listing around the corner at 192 Erskine Avenue in Sherwood Park
Jethro Seymour, a Top Davisville Village Real Estate Broker at Royal LePage RES Ltd., Johnston & Daniel Division #SeymourRealEstate
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