Real Estate News Headlines // September 10th 2016

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

GTA home sales, average prices continue to soar in August

Home sales in the Greater Toronto Area hit a record last month as fewer homeowners put their properties up for sale, the city’s real estate board said Wednesday.

The Toronto Real Estate Board said its members had 9,813 sales in August, a 23.5 per cent increase from the same month last year, though there were two more working days this year.

BoC keeps interest rate unchanged at 0.5 per cent

The Bank of Canada struck a note of caution Wednesday as it held its key interest rate target steady at 0.5 per cent and raised concerns after the export sector disappointed earlier this year.

Business a.m.: Prices rise for real estate, but Quebecers have few savings

It's Official: Vancouver Is Canada's 1st 'Millionaire City'

Vancouver households may earn less than the Canadian average, but new research shows soaring house prices have made its residents the wealthiest in the country.