Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
Obsession with fees ‘unhealthy’ for Canadian real estate in the long run—analyst
According to Mortgage Broker News, industry fees such as inspection costs, legal expenses, land transfer taxes, and real estate commissions constitute 1.9 per cent of the gross domestic product. Meanwhile, the agriculture, forestry, fishing, and hunting industries constitute 1.6 per cent of GDP. Macquarie analyst David Doyle warned that serious negative consequences of obsessing with these fees.
The detail is here.
Canadian Real Estate Prices Will Fall 28% By 2020 According To This Model
Better Dwelling predicts that Canadian real estate prices will fall 28% by 2020 by using House Price-To-Rent Index a linear regression model from Organisation for Economic Co-operation and Development (OECD).
The detail is here.
In Canada, a nation of realtors braces for the end of the boom
According to Reuters,
Canada’s long housing boom has drawn thousands into the sector, from realtors and home stagers to construction workers, and a looming slowdown threatens to trigger an exodus that could wipe out many of those jobs and force the economy to shift down.
The detail is here.
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