Three Real Estate Stories in the News for Monday, August 21st, 2017Jethro Seymour – Top Midtown Toronto (Davisville Village ,Leaside) Real Estate Agent
Your search results

Three Real Estate Stories in the News for Monday, August 21st, 2017

Posted by seymour on August 21, 2017
| 0

Hello, everyone.

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

Calgary’s millennials own more real estate than those elsewhere in Canada, Royal Lepage survey suggests

According to CBC News,

Calgary millennials own more real estate than their generational counterparts, but new mortgage rules could change all that.

That’s the findings of a new survey done by Royal Lepage that shows Calgary’s younger population owns more real estate than others of the same age elsewhere in Canada.

The detail is here.

Pattie Lovett-Reid: Why home prices have continued to climb

According to BNN,

Across the country in major urban areas, Calgary saw the greatest increase in mortgage-borrowing power at (161 per cent), more than Vancouver (118 per cent), Montreal (115 per cent) and Toronto (100 per cent).

In simple terms, the Fraser Institute highlights this increase in borrowing power means that an average Canadian family, dedicating the same share of their income to monthly mortgage payments, can afford a mortgage that’s more than twice as big now as it would have been in 2000.

Given the low interest rates and rising income levels,  homeowners have been able to bid up the price of homes — and with limited inventory, home prices have escalated.

The detail is here.

Calgary landlords converting office spaces for residential use

According to The Globe and Mail,

Artis, one of the largest real estate investment trusts in Canada, is preparing to repurpose four of its downtown Calgary offices into residential buildings. The company, founded in 2003, also plans to reclassify a surplus office land site near Stampede Station to accommodate a 300-unit multifamily development.

The detail is here.

 


Follow me on social media!

Canadian Real Estate Headlines from Jethro Seymour, one of the Top Toronto Real Estate BrokersCanadian Real Estate Headlines from Jethro Seymour, one of the Top Toronto Real Estate Brokers

Jethro Seymour, Toronto Real Estate Broker, Looking For Best Davisville Real Estate Listings? Contact Me!


Also published on Medium.

  • Testimonials

    230 KING STREET EAST, SUITE 1105 DOWNTOWN TORONTO, one of the Top Davisville Real Estate Brokers
    St. Lawrence Market Condo Sold by Top Broker Jethro Seymour
    Our Downtown Toronto condo sold within one week!

    "Having been interested in selling our condo for a while, we went to an open house in our building and had the pleasure of meeting Jethro. We found him to be very professional, well established and knowledgeable. When we were ready to purchase a new condo he worked very hard to find us the perfect home and was truly proactive and results oriented.

    We scooped up a new listing within hours of it hitting the market thanks to his keen eye and understanding of our needs. When we were ready to..."

    More Testimonials
  • Neighbourhood Information

    Bloor – Yorkville Neighbourhood Real Estate

    Bloor-Yorkville, or Yorkville, is one of Toronto’s most iconic neighbourhoods, best-known for its world-class shopping and excellent restaurants. Bounded by ...
    Read More
  • Community Corner

    Seymour Contests: January 2017 Spa Giveaway

    Happy January, everyone! Last month’s lucky winner, Cathy Philips, won herself a $80 gift certificate to McSorley’s on Bayview. Congratulations! Thank ...
    Read More