Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Single-detached homes lead the real estate market in Waterloo region
According to CBC News,
A new report from the Canada Mortgage and Housing Corporation said there were 188 home starts in April, and 246 completions in Waterloo Region in April. A start refers to the beginning of construction of a housing unit, while a completion refers to when that unit is completed and ready to live in.
The detail is here.
Cooling Real Estate Dents Canadian Consumer Confidence
According to Bloomberg,
Canadians became less confident this month about housing and prospects for the economy amid the troubles of a Toronto mortgage lender, according to telephone polling.
The Bloomberg Nanos Canadian Confidence Index fell to 58.5 in the week ending May 26. That’s down from 59.4 at the end of April, the first monthly decline in four. The share of respondents who felt home prices would rise dropped to 45.5 percent, from a record 50.1 percent this month.
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.
