Three Real Estate Stories in the News for Friday, August 18th, 2017Jethro Seymour – Top Midtown Toronto (Davisville Village ,Leaside) Real Estate Agent
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Three Real Estate Stories in the News for Friday, August 18th 2017

Posted by seymour on August 18, 2017
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Hello, everyone.

I provide you with Canada’s news headlines for real estate news for today.

Largest Cohort of Millennials Changing Canadian Real Estate, Despite Constraints of Affordability and Mortgage Regulation

According to Canada NewsWire,

According to the Royal LePage Peak Millennial Survey released today, high home values in Canada’s largest urban markets and job uncertainty in other regions mean new strategies and different priorities for ‘peak millennials’, a term coined to describe the largest cohort of the millennial demographic and the impact of their potential purchasing power.

 

The detail is here.

Canada’s housing bubble has vanished without a ‘crash landing’, say economists

According to Financial Post,

Don’t count on the Bank of Canada to change its course of gradually higher interest rates because the housing market is weakening. After all, that’s what policy changes, particularly in British Columbia and Ontario, were put in place to do.

The detail is here.

Canadians facing ‘increased borrowing power’ with real estate: study

According to Toronto Sun,

Higher incomes and lower interest rates have allowed Canadians to take on larger mortgages during recent years, a new study found.

Those factors have also pushed the price of homes through the roof, according to the Fraser Institute report.

The detail is here.

 


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