Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
Canadians should be worried about real estate slowdown, says expert
According to CBC News,
Canada’s housing market may be finally showing signs of cooling.
According to Canadian Real Estate Association statistics, average national home prices have fallen 10 per cent since the heights of April this year.
Change is attributed in part to the Bank of Canada raising interest rates for the first time in years, as well as provincial legislation in Ontario and B.C. aimed at slowing skyrocketing prices in Toronto and Vancouver.
But is this dip in price a blip, a soft landing, or the bursting of a bubble?
The detail is here.
Canada’s real estate market is cooling, but not in London
According to CBC News,
According to new research from the Canadian Real Estate Association, average national home prices have fallen 10 per cent since April 2017.
But it’s a different story in London, Ontario, where the average home price now sits at $335,000.
That’s a 19.7% increase from the same time last year.
The detail is here.
Which foreign buyers are snapping up record amounts of U.S. real estate? Surprise, it’s Canadians
According to Financial Post,
Canadians bought a record US$19 billion worth of property in the United States last year, surpassed only by the Chinese who purchased US$31.7 billion, according to a report out Wednesday from the Washington, D.C.-based National Association of Realtors (NAR).
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Davisville Real Estate Listings? Contact Me!
Also published on Medium.
