Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
Toronto, Hamilton continue to fuel record gains in Canadian home prices
According to Financial Post,
Canadian home prices rose in June as the cities of Toronto and Hamilton led the way with record increases despite provincial government efforts to rein in demand in the hot markets, data showed on Wednesday.
The detail is here.
Toronto’s luxury condo sales surge despite market, Sotheby’s International says
According to CBC News,
Greater Toronto Area home sales may have hit a slump but a new report suggests Toronto’s luxury condominiums are being gobbled up faster than ever by wealthy buyers willing to shell out over $1 million for apartments in the sky.
The detail is here.
Canada’s Residential Real Estate Market Makes the Move to Moderation in the Second Quarter of 2017
According to Newswire,
With recoveries underway in Vancouver, Calgary and Edmonton, home prices rise in the majority of metropolitan areas nationwide.
Greater Toronto Area witnesses temporary slowdown in sales activity as the Ontario Fair Housing Plan takes effect.
The detail is here.
Bank of Canada rate hike can quickly influence consumer behaviour
According to National Post,
Although higher mortgage rates could dissuade some would-be buyers, the president and CEO of realtor Royal LePage says the impact will be minimal.
The detail is here.
B.C. Real Estate Association says June sales still far above 10-year-average
According to National Post,
The British Columbia Real Estate Association says June home sales fell short of record levels set last year but demand remains well above average.
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Davisville Real Estate Listings? Contact Me!
Also published on Medium.
