Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Canada’s key housing markets diverge as Toronto booms, Vancouver falls
According to CTV News
Real estate sales figures in January are reinforcing suggestions that Canada’s two most widely watched housing markets will take divergent paths this year, with Toronto set to continue its boom while Vancouver faces a possible correction.
Sales in the Greater Toronto Area picked up last month where 2016 left off, with 5,188 transactions compared to 4,460 in January 2016, an increase of 11.8 per cent, the Toronto Real Estate Board said Friday.
Toronto’s sales gain came despite a 17.6 per cent drop in the number of new GTA listings, down from 8,906 to 7,338 year-over-year.
The detail is here.
Investors see slip in 2016 real estate returns
According to Canadian Property Management,
Canadian real estate delivered uncharacteristic, although not entirely unexpected, low investment returns in 2016. Annual results of the REALPAC/IPD Canada Quarterly Property Index, released late last week, reveal a year of below-average performance for index participants’ directly held standing assets.
The detail is here.
Toronto Midtown (Davisville, Leaside & Bennington Heights) Neighborhood News
Here are the latest local neighbourhood news
- Davisville Village Sales Statistics – November 2016
- Leaside & Bennington Heights Sales Statistics – November 2016
- Toronto Midtown Community Corner – December 2016
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Jethro Seymour, One of the Top Toronto Davisville Real Estate Broker
Also published on Medium.
