Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Overheated housing markets may hamper Canada’s growth -RBC
According to The Business Times,
Royal Bank of Canada Chief Executive Officer Dave McKay warned on Thursday that overheating housing markets could inhibit Canada’s economic growth, and he urged the federal and provincial governments to work together to address the issue.
The detail is here.
Ottawa wants meeting with provincial, city officials to discuss Toronto’s soaring real estate prices
According to CBC News,
Citing concerns about affordability in Canada’s hottest housing market, federal Finance Minister Bill Morneau has called for a meeting with Ontario Finance Minister Charles Sousa and Toronto Mayor John Tory.
The detail is here.
David Rosenberg: Make no mistake, the Toronto real estate market is in a bubble of historic proportions
According to Financial Post,
The concerns about froth in Toronto’s housing market are not likely to subside given the sticker-shock from the latest report from the Toronto Real Estate Board.
As per the March report, the average single-detached house in the Greater Toronto Area (GTA) sold for $1,214,422 last month up from $910,375 in March of last year — that is a 33 per cent YoY surge, and follows a 16 per cent run-up over the prior 12 months.
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
Follow me on social media!
Jethro Seymour, Toronto Real Estate Broker, Looking For Best Leaside Real Estate Listings? Contact Me!
