Hello everyone. I provide you with Canada’s news headlines for real estate news for today.
Real estate developers slammed B.C. over surprise foreign-buyer tax
According to the Globe and Mail,
Hours after B.C. announced its tax on foreign buyers this past summer, prominent developers e-mailed Premier Christy Clark and her government saying the policy amounted to a betrayal of Metro Vancouver’s international citizens and could hurt a market already showing signs of cooling.
The detail is here.
Canadians keep digging themselves deeper into debt
According to The Globe and Mail,
Canadian household debt hit a record high in the third quarter, as the country’s love affair with low interest rates fuelled another round of heavy borrowing.
The ratio of debt to disposable income rose to 166.9 per cent from a revised 166.4 per cent in the second quarter, according to Statistics Canada’s national balance-sheet report released on Wednesday.
The government agency said this amounted to households owing $1.67 in debt for every dollar of disposable income at the end of the third quarter.
The detail is here.
Toronto Midtown (Davisville, Leaside & Bennington Heights) Neighborhood News
Here are the latest local neighborhood news
- Davisville Village Sales Statistics – November 2016
- Leaside & Bennington Heights Sales Statistics – November 2016
- Toronto Midtown Community Corner – December 2016
Are you ready for the Christmas holiday? Here is the holiday trivia.
Have you entered this month contest yet? Seymour Contests: December 2016 Giveaway
Jethro Seymour, One of the Top Toronto Davisville Real Estate Broker
