Three Real Estate Stories in the News for Tuesday, August 8th, 2017Jethro Seymour – Top Midtown Toronto (Davisville Village ,Leaside) Real Estate Agent
Your search results

Three Real Estate Stories in the News for Tuesday, August 8th, 2017

Posted by seymour on August 8, 2017
| 0

Hello, everyone.

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

‘There’s nothing positive’: Toronto home prices plunge as buyers retreat

According to The Globe and Mail,

Home prices in Toronto have fallen 19 per cent since the market’s peak in April, sliding further in July as buyers continued to sit on the sidelines while waiting for signs of stability.

The Toronto Real Estate Board reported the average price of all types of homes sold in the Greater Toronto Area hit $746,218 in July, down 19 per cent from the market’s peak in April when house sales averaged $920,791, and down 6 per cent from June’s average selling price of $793,915.

The detail is here.

Canada’s housing boom may soon go bust along with economy

According to RT,

The tightening in Canada’s booming housing market, which has long been the leading driver for employment and growth, could wipe out economic gains, experts warn.

The real estate boom has attracted thousands of workers into the sector, from realtors and home stagers to construction workers.

According to analysts, a drop in home sales has already started to weigh on the economy, and if prices start to decline, consumer spending and jobs will suffer. Canada’s home construction jobs accounted for the bulk of the economic growth last year.

The detail is here.

Foreign buyers of Montreal real estate up 30 per cent

According to CBC News,

The first six months of 2017 saw a 30 per cent increase in the number foreign buyers of property in Montreal over the previous year, figures from the Canada Mortgage and Housing Corporation (CMHC) indicate.

While not as marked as 2015 to 2016, which saw a 60 per cent increase, the new data confirms that the trend continues.

As trends go, it’s still a relatively tiny one — the 425 foreign buyers accounted for only 1.3 per cent of all real estate transactions between January and June 2017.

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

    176 Hanna Road, Leaside from Jethro Seymour, one of the Top Toronto Real Estate Broker
    Leaside Home Leased by Top Broker Jethro Seymour

    “Leaside has always been home. When I needed more space I contacted Jethro to assist me to find a larger home and lease my existing house. Looking for an agent that understood the importance of staying in my neighbourhood was a priority.

    Jethro had put together a book with a comprehensive home and neighbourhood analysis. I was very impressed. I’ve never seen another real estate agent do that. He summarized all the relevant knowledge for me.

    The entire experience working with Jethro..."

    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