Four Real Estate Stories in the News for Thursday, September 7th, 2017Jethro Seymour – Top Midtown Toronto (Davisville Village ,Leaside) Real Estate Agent
Your search results

Four Real Estate Stories in the News for Thursday, September 7th, 2017

Posted by seymour on September 8, 2017
| 0

Hello, everyone. Happy labour day.

I provide you with Canada’s news headlines for real estate news for today.

Real estate can buttress a portfolio, especially if it’s foreign

According to The Globe and Mail,

Real estate is a great way to diversify your portfolio. But just as with equities and fixed-income investments, a domestic focus on real estate can be shortsighted.

The detail is here.

BoC interest rate hike drags on weakening Toronto real estate

According to The Globe and Mail,

A second interest-rate increase announced Wednesday by the Bank of Canada will add further drag to Toronto’s real estate sector, which has seen home sales fall steadily for four consecutive months.

Bank of Montreal chief economist Doug Porter said Wednesday’s rate increase will add further pressure on the weakening real estate market in Toronto, although much of the 0.25-per-cent increase has already been anticipated and factored into long-term mortgage rates.

The detail is here.

Slower real estate market hurting city’s bottom line

According to Toronto Sun,

It looks like the free ride on the Municipal Land Transfer Tax gravy train is over.

A report to the city’s budget committee Tuesday says higher home sales and prices brought in $61-million more than anticipated to the city’s coffers to the end of June.

The detail is here.

Canada had 1 city where people were worth over $1M last year. There are 4 now

According to Global News,

Just a year ago, Vancouver was lonely at the top.

Back then, the West Coast city was the only one across the Great White North where people had average household net worth of over $1 million, according to Environics Analytics.

But that’s changed, according to a report released Tuesday. Three more cities have joined Canada’s “Millionaires’ Club” for cities, and two of them can largely thank real estate for the gains.

The detail is here.


Follow me on social media!

Canadian Real Estate Headlines from Jethro Seymour, one of the Top Toronto Real Estate BrokersCanadian Real Estate Headlines from Jethro Seymour, one of the Top Toronto Real Estate Brokers

Jethro Seymour, Toronto Real Estate Broker, Looking For Best  Midtown Toronto Real Estate Listings? Contact Me!


Also published on Medium.

  • Testimonials

    Front view of 57 Gresham Road located in Davisville Village
    Beautiful Home in Davisville Village Sold by Top Realtor
    An amazing and thoroughly professional job

    "Just a note of sincere thanks for the amazing and thoroughly professional job you did in facilitating the sale of our house recently.

    It was indeed amazing due to the tremendous amount of work you did behind the scenes before and during what was a complex process of preparation and execution. From the research background, consultations with me and the other members of your team, the development of sales materials, and legal preparations to the professional implementation of a well..."

    More Testimonials
  • Neighbourhood Information

    Bloor – Yorkville Neighbourhood Real Estate

    Bloor-Yorkville, or Yorkville, is one of Toronto’s most iconic neighbourhoods, best-known for its world-class shopping and excellent restaurants. Bounded by ...
    Read More
  • Community Corner

    Seymour Contests: January 2017 Spa Giveaway

    Happy January, everyone! Last month’s lucky winner, Cathy Philips, won herself a $80 gift certificate to McSorley’s on Bayview. Congratulations! Thank ...
    Read More