Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
Housing Bubble: Should Investors Be Worried About Canadian Banks?
According to Yahoo Finance,
Canadian banks have been a great source of steady income for investors. In fact, they survived the biggest financial turbulence of our time in 2008, when many banks down south failed or needed a bailout.
For the past four months, however, this crucial sector for income investors is under pressure on speculations that a Canadian housing bubble is about to burst. In that catastrophic outcome, the leading banks will suffer because they have a huge exposure to the real estate market.
The detail is here.
Rosenberg: Toronto housing slowdown is good for economy
According to BNN,
The recent dramatic drop in home sales across the Greater Toronto Area is good for Canada’s economy — and may show the economy is finally moving away from a dependence on the real estate sector, according to Gluskin Sheff Chief Economist David Rosenberg.
The detail is here.
Toronto home buyers and sellers play the waiting game
According to The Globe and Mail,
Toronto in mid-August feels like a city waiting with bated breath.
The real estate market is drowsy and buyers and sellers are anxious to know what will happen when it comes back to full consciousness in September.
The detail is here.
Toronto’s housing correction hasn’t derailed Canada’s economy. Here’s why
According to BuzzBuzzNews,
Although the Canadian economy has been heavily reliant on housing for stability in recent years, experts are finding encouraging signs of economic growth in other sectors even as the Toronto real estate market corrects.
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.
