Three Real Estate Stories in the News for Wednesday, August 30th, 2017Jethro Seymour – Top Midtown Toronto (Davisville Village ,Leaside) Real Estate Agent
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Three Real Estate Stories in the News for Wednesday, August 30th, 2017

Posted by seymour on August 30, 2017
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Hello, everyone.

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

Toronto Real Estate Is Seeing A Massive Flood of Inventory

According to Better Dwelling,

Toronto real estate has been cooling down, but it’s hard to tell how much without some context. Numbers from the Canadian Real Estate Association (CREA) give us that, showing how it compares to the rest of Canada. Toronto is seeing the largest decline in sales to new listings in the country, as sales struggle to keep up with the city’s huge inventory growth.

The detail is here.

Vancouver Real Estate Sees The Largest Drop Of New Listings In Canada

According to Better Dwelling,

Vancouver real estate is seeing the largest drop in new listings in the country. Numbers from theCanadian Real Estate Association (CREA) show the city’s decline is the highest ratio of any urban center. The drop is followed by a bigger drop in sales however. This is dragging the sales to new listings ratio closer to a balanced market.

The detail is here.

Canada this week could break its longest streak of low growth since 1926

According to Financial Post,

Statistics Canada reports growth data on Thursday that will confirm the nation’s economy has entered rarefied territory.

Economists are forecasting an expansion in second-quarter gross domestic product at about the same 3.7 per cent pace recorded in the first three months of this year. Even with an anticipated second-half slowdown, that should leave Canada flirting with 3 per cent growth for all of 2017.

The detail is here.

 


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