Hello everyone. I provide you with Canada’s news headlines for real estate news for today.
Loans for Vancouver Down Payments Risk Fueling Canada’s Debt Binge
According to Bloomberg,
A Canadian province has an unusual offer for first-time buyers struggling to enter one of the world’s hottest property markets — a cheap loan to bulk up their down payment.
It’s a gift that may end up fueling a Canadian debt binge and padding the pockets of sellers instead.
Starting Jan. 16, British Columbia — home to Vancouver, the nation’s most expensive real estate market — will start a program to match the nest eggs saved by buyers for their first house by up to C$37,500 ($28,000) or 5 percent of the purchase value.
The detail is here.
B.C. home sales expected to tumble in 2017: CREA
According to CBC,
Home sales and prices in British Columbia can be expected to retreat in 2017, the Canadian Real Estate Association said Thursday.
Annual sales in the province are seen dropping by 12.2 per cent, with average sale price expected to fall by 7.8 per cent.
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.
