Jethro Seymour - Three Real Estate News Headlines (Oct 16th, 2017)Jethro Seymour – Top Midtown Toronto (Davisville Village ,Leaside) Real Estate Agent
Your search results

Three Real Estate Stories in the News for Monday, October 16th 2017

Posted by seymour on October 16, 2017
| 0

Hello, everyone.

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

Flat Canadian Real Estate Prices While Incomes Catch Up? Nope

According to Better Dwelling,

Canadian real estate prices made huge climbs, and experts are saying incomes will catch up. This week one of our founders was invited by a government organization to talk about the Future of Home Prices. In typical Better Dwelling style, he started with  debunking a common statement, “home prices will stay flat, and incomes will catch up.” I’ve been tasked to run the numbers across Canada, to see if that statement is equally outlandish in other markets, and boy is it ever.

The detail is here.

Canada’s big housing markets in ‘Goldilocks moment’: Royal LePage

According to CBC News,

Prices in Canada’s five biggest housing markets are going up at a similar, healthy pace — the first time that has happened in six years, Royal LePage said Thursday in its latest national house price survey.

The firm said that in the third quarter home prices in the Greater Toronto Area, Greater Vancouver, Greater Montreal  Area, Calgary and Ottawa all went up by between 1.5 and 3.5 per cent from the second quarter.

Royal LePage said those increases are indicative of a “much more balanced” Canadian residential real estate market.

The detail is here.

3 Reasons Canadian Mortgage Rates Will Never Hit 5%

According to Canadian Mortgage Trends,

Canadian regulators may soon force borrowers to qualify at interest rates two percentage points above the contract rate. With many posted mortgage rates now approaching and even surpassing 3.00% (depending on the term), this means borrowers will soon need to show they can afford payments based on rates of 5.00%+.

The justification is that regulators want Canadians to be prepared when interest rates rise, but that’s a hollow excuse. It’s a punitive macroprudential rule that is disconnected from reality.

Interest rates can only rise if inflation accelerates, but every force in the world is pushing in the other direction. We’re in an age of no inflation and it will completely change borrowing, lending and how the mortgage market works.

This article shows you three reasons that you will never have to pay 5.00% on a typical 5-year fixed mortgage, but why you could be paying more in other ways.

Get Custom report includes accurate and up to date information here!

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

Also published on Medium.

  • Testimonials

    327 BELSIZE DRIVE DAVISVILLE VILLAGE from Jethro Seymour, one of the Top Real Estate Brokers in Toronto
    Stunning Home Purchased on Belsize Drive, Davisville Village
    Selling our home was easy and stress-free

    "We had the pleasure of working with Jethro when we sold our home. He also assisted us with the subsequent purchase of a new home. We could not have been more pleased with his professionalism and knowledge.

    He was always available to us and kept us informed throughout the selling and buying process. Jethro made selling our home an easy, stress free experience. I am forever grateful to him for his superior service.

    I am a very demanding client and hold the professionals with whom I work to..."

    More Testimonials
  • Neighbourhood Information

    Leaside Neighbourhood Real Estate

    Leaside is one of midtown Toronto’s most popular and desirable districts. Known for its expansive green spaces and charming, intricately ...
    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