Three Real Estate Stories in the News for Wednesday, November 1st, 2017

Hello folks! Did you celebrate Halloween?

As we start the month, here are Canada’s real estate news headlines.

New mortgage rules expected to heat up Toronto housing before winter chill

According to BNN, “[t]he sales slump in Toronto real estate is persisting into the fall, but average annual prices across the region are holding up thanks to double-digit price gains in the condo sector.”

Although the market is more balanced than last year, “the further tightening of mortgage rules could add some temporary autumn heat.”

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Foreign investors flock to Montreal thanks to downtown construction boom

According to CBC News, “[b]illions being spent on new condominium and office complexes thanks to the strong economy, political stability.”

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The Gap Between Canadian Real Estate Prices And Homeowner Expectations Is Shrinking

According to Better Dwelling, “[t]he Canadian Census asks homeowners how much they believe their homes are worth. As you might have guessed, the self-estimates are a little higher than they were selling for at the time. This likely contributed to the meteoric climb many markets made.”

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Photo: Spencer Watson

Find out what your home is worth here!

Jethro Seymour, Toronto Real Estate Broker. Search Toronto’s live MLS listing here.

Jethro Seymour — Toronto Real Estate Broker, Best Midtown Toronto Real Estate Listings