Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Toronto area housing market has a ‘missing middle,’ new report says
According to CBC News,
Call it the tale of Toronto’s two housing markets: on one side are the million-dollar-plus single-detached homes, and on the other, those tiny boxes in the sky.
What’s missing, is everything in the middle.
The detail is here.
Canadian Real-Estate Sentiment Slips After Home Capital Meltdown
According to Bloomberg,
Weekly polling data show real estate price expectations have come down from record levels, in a sign that Canadians are anticipating housing markets in places like Toronto will finally cool. The share of people saying home prices will rise in the next six months fell for a second week to 46 percent, according to data compiled by Nanos Research Group for Bloomberg News. That’s down from 47.7 percent the previous week and below a record 50.1 percent two weeks ago.
While sentiment levels for real estate are still at historically high levels, the trend suggests confidence in the housing boom may be fraying amid troubles at Home Capital Group Inc. and the Ontario government’s introduction of new measures to cool speculation in Toronto’s housing market, including a foreign buyers tax.
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Leaside Real Estate Listings? Contact Me!
Also published on Medium.
