Three Real Estate Stories in the News for Monday, August 24th, 2017Jethro Seymour – Top Midtown Toronto (Davisville Village ,Leaside) Real Estate Agent
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Three Real Estate Stories in the News for Thursday, August 24th, 2017

Posted by seymour on August 24, 2017
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Hello, everyone.

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

Average Canadian mortgage balance up nearly 5% year-over-year: TransUnion

According to Global News,

TransUnion Canada says the average amount owing on mortgages was up nearly five per cent in the second quarter, even though a change in Ontario regulations last spring appears to have reduced the volume of home sales.

The credit monitoring agency says the average mortgage balance in this year’s second quarter was $198,781, up 4.8 per cent from that period last year.

The detail is here.

Saint John recovering from real estate market drought

According to Global News,

Mired in a years long slump, recent figures from the Canadian Real Estate Association suggest the Saint John housing market is on the rebound.

Numbers show homes in the Saint John region, stretching from St. Stephen to Sussex, are moving on average within 63 days — a six year high.

The detail is here.

Bank earnings: Canada’s Big Six expected to see boost from robust economy

According to BNN,

Canada’s biggest banks could deliver another profitable season for investors as third-quarter results starting to roll in this week are expected to get a boost from the strengthening economy.

Analysts expect modest improvements from the Big Six banks, which launch their quarterly earnings reports beginning with Royal Bank on Wednesday, but some suggest the industry could outdo the conservative predictions.

The detail is here.

 


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