Hello everyone. I provide you with Canada’s news headlines for real estate news for today.
Foreign buyers aren’t to blame for Vancouver real estate chaos, says CMHC CEO
According to Global News,
The CEO of the Canadian Mortgage and Housing Corporation (CMHC) says Vancouverites shouldn’t be blaming foreign buyers for the rise in home prices, or the recent decline.
Speaking to the Vancouver Board of Trade on Wednesday, Evan Siddall said the Vancouver real estate market of recent years has created a divide in the city’s population.
The detail is here.
Self-storage a ‘hot asset class’ in Canada: Raymond James
According to Financial Post,
One of the hottest real estate segments in Canada consists of properties that you can’t live or work in.
StorageVault, the only publicly traded self-storage company in Canada, is a “strong buy” due to limited supply in an industry that’s in its “infancy” here, analyst Johann Rodrigues told clients.
The company is a “first mover into a hot asset class”, as the storage wars have just started here in Canada. South of the border, self-storage companies have been the best performing real estate class over the last five and ten years, he added.
The detail is here.
Competition Bureau, TREB head back to court over online data dispute
According to The Globe and Mail,
A long-standing battle between Canada’s largest real estate board and the Competition Bureau over online access to housing market data is headed back to court again this week.
The detail is here.
Midtown Toronto Neighborhood News
Here are the local neighborhood news:
Jethro Seymour, Toronto Midtown Real Estate Broker
Also published on Medium.
