Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Toronto Real Estate Market: This Indicator Is Flashing Red
According to LombardiLetter.com
There’s trouble brewing in the Toronto real estate market, according to a pair of new studies. An Equifax Canada (Equifax Inc. (NYSE:EFX)) study reported there was a 52% increase in suspected fraudulent activity in mortgage applications since 2013.
On top of that, Canada Mortgage and Housing Corporation (CMHC) says there has been a recent spate of overpopulation and overvaluation in the Canadian real estate market, which occurs when housing prices outpace economic realities like income and population growth.
The detail is here.
Vancouver’s economy is on FIRE
According to Business in Vancouver,
Economic growth in B.C., particularly Vancouver, was so strong in 2016, it has nowhere to go but down, according to the Conference Board of Canada.
But even with an expected cooling of the real estate market, lower expected GDP growth of about 3% and job growth of 23,000 per year for the next two years, Vancouver is expected to continuing sharing “superstar” status with Toronto, Alan Arcand, associate director of municipal studies for the Conference Board, said at a Western Canadian Outlook January 27 in Vancouver.
The detail is here.
Toronto Midtown (Davisville, Leaside & Bennington Heights) Neighborhood News
Here are the latest local neighbourhood news
- Davisville Village Sales Statistics – November 2016
- Leaside & Bennington Heights Sales Statistics – November 2016
- Toronto Midtown Community Corner – December 2016
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Jethro Seymour, One of the Top Toronto Davisville Real Estate Broker
Also published on Medium.
