Three Real Estate Stories in the News for Friday, August 25th, 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 25th, 2017

Posted by seymour on August 25, 2017
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Hello, everyone.

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

Real-estate hot spots draw the world’s affluent

According to The Globe and Mail,

Wealthy people often have business and investment interests around the globe. As such, they are drawn to foreign real estate.

Canada’s high-net-worth residents are no exception, says Winston Chesterfield, director of custom research at Wealth-X, which provides market data on wealthy individuals.

The detail is here.

Calgary real estate market sees fewer sales but more listings, report says

According to CBC News,

House sales in Calgary are still sluggish, but that’s not stopping people from putting their homes on the market, according to the latest figures from the Conference Board of Canada.

The board’s Metropolitan Resale Snapshot shows that Calgary is among 19 of 28 surveyed markets where transactions continued to cool off.

There have been 22,176 home sales in Calgary this year to July, which is 5.7 per cent lower than the same period last year.

However, the number of listings on the Calgary market in July was 44,520 — up 10.6 per cent from the previous year, the board’s report says.

The detail is here.

Condo Prices Across Canada Hit An All-Time High

According to Better Dwelling,

Condo prices across Canada are hitting all-time highs, as most of the country demonstrates they totally don’t have FOMO. Numbers from the Canadian Real Estate Association (CREA) show that the typical condo across the country is now more expensive than ever. Almost half of all major urban centres now have condo prices sitting at all time highs.

The detail is here.


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