Hello everyone. I provide you with Canada’s news headlines for real estate news for today.
Canadian banks report shows real estate may be attractive
According to HIBUSINESS,
Canadian banks are making their year-end earnings and there are signs pointing out that the real estate prospect seem to be attractive.
Amid the effects of low oil prices on the loan records of banks, industry observers are taking a closer look at the real estate market and some analyst are sighting a ray of hope as the housing sectors can bring about a positive change.
The detail is here.
Bank of Canada warns about huge mortgages, growing housing debt
According to CBC,
Nearly a third of recent Canadian homebuyers with so-called high-ratio mortgages wouldn’t qualify for their loans under new rules recently implemented by the federal government.
That was one of the findings of a wide-ranging report from the Bank of Canada on Thursday looking at the biggest risks facing the financial system.
The detail is here.
Canada home resales fall in November -CREA
According to Reuters,
Sales of Canadian homes fell 5.3 percent in November from October while prices kept rising, a report from the Canadian Real Estate Association showed on Thursday.
The detail is here.
Canada Existing-Home Sales Post Biggest Drop Since 2012
According to The Wall Street Journal,
Sales of existing homes in Canada fell 5.3% in November from the prior month, the Canadian Real Estate Association said Thursday, marking the biggest monthly decline in activity in over four years.
The industry group, which represents Canadian real-estate agents, said activity declined in about two-thirds of all local markets, including the country’s most active markets.
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
Also published on Medium.
