Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Canadian home prices settle comfortably among the world’s 5 priciest markets: report
According to Global News,
It’s often said that the third time’s the charm.
And for Canadian home prices, a third consecutive fourth-place ranking out of 55 countries suggests the Great White North’s real estate has settled comfortably among the world’s most expensive housing markets.
The detail is here.
Housing co-ops gather in Niagara Falls to protect and expand Canada’s stock of co-op homes
According to CNW,
Over 700 members and supporters of Canada’s housing co-ops are gathered in Niagara Falls for the annual meeting of the Co-operative Housing Federation of Canada (CHF Canada). Among other things, they are exploring exciting new initiatives for investing and partnering towards the creation of more co-op housing to address Canada’s growing housing affordability crisis.
The detail is here.
Canada’s housing market on the brink of ‘severe downturn,’ warns Capital Economics
According to BNN,
The hot housing markets in Vancouver and Toronto appear to be on the verge of a severe downturn that could hit Canadian economic growth, says David Madani, Senior Canadian Economist at Capital Economics.
The detail is here.
What rising mortgage rates could mean for Canadian homeowners
According to BuzzBuzzNews,
Despite astronomical house prices in Canada’s hottest markets and record high debt-to-income ratios, one-third of the country’s households are debt free. But, if interest rates were to rise, many households may be left struggling to keep up, suggests a new RBC Economics report.
According to the big bank, a healthy labour market and low interest rates have been supporting the amount of debt households are accumulating. But, when trends change, homeowners should be ready to adjust.
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Leaside Real Estate Listings? Contact Me!
Also published on Medium.
