Hello everyone. I provide you with Canada’s news headlines for real estate news for today.
New real estate rules leave some first-time buyers in the cold
According to CBC,
New real estate measures introduced by the federal government on Oct. 17 put buyers’ finances against a stress test to make sure a borrower can pay their mortgage on a higher rate.
The detail is here.
Toronto-area house prices rose by more than 20% in November
According to CBC,
The Toronto-area real estate market continued to see strong sales volumes and higher prices in November.
The Toronto Real Estate Board says there were 8,547 sales through its system last month, up 16.5 per cent from November 2015.
The average selling price for all types of housing was $776,684, up 22.7 per cent over the same time last year, while the industry association’s home price index was up 20.3 per cent.
The detail is here.
Canada’s jobless rate falls to 6.8%, 11,000 jobs created in November
According to CBC,
Canada’s jobless rate dipped in November to 6.8 per cent, as the economy created 10,700 jobs and fewer people looked for work, Statistics Canada said Friday
After two months of unexpectedly high job creation numbers, November’s results were more modest, but still enough to lower the unemployment rate from seven per cent the previous month.
The detail is here.
Neighborhood News
Here are the local neighborhood news:
Jethro Seymour, Toronto Midtown Real Estate Broker
Also published on Medium.
