Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
Toronto housing market’s downturn may have an upside
According to Toronto Star,
Royal LePage CEO Phil Soper says that, like a lot of chief executives, he is prone to optimism.
But that didn’t stop him from calling Toronto the least healthy housing market in the country when prices were galloping ahead in the double digits in the first quarter of the year, peaking at 33 per cent year over year in March.
Soper says it’s not self-interest as a realtor that leads him to believe that Toronto’s slumped market will recover in the same way as Vancouver’s has. That market has lately rebounded after the B.C. government imposed a foreign buyers tax last summer, paving the way for Ontario to introduce a similar levy on non-resident transactions.
The detail is here.
Home sales hit historic high in New Brunswick
According to CTV News,
With home sales hitting an historic high in New Brunswick, realtors say the affordable housing prices have Canadians from across the country looking east to purchase property.
According to the New Brunswick Real Estate Association, 925 units were sold in the month of June alone.
Vice-president Sheila Henry says the housing market in the province remains affordable, making it a good investment for first-time buyers.
The detail is here.
Canadians set record with U.S. real estate shopping spree
According to CBC News,
New report says Canadians spent $19 billion US on homes south of the border in the past year
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.
