Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
Montreal now trumps Vancouver for China-based buyers
According to Business in Vancouver,
Montreal will surpass Vancouver this year as the Canadian destination for mainland China-based real estate investors, according to China’s largest foreign-market real estate portal.
The data is based on 2017 property searches on Juwai.com, the No. 1 Chinese international property portal with more than two million monthly visitors from China. The survey revealed that the United States remains the top market for Chinese investors. Canada is in fourth place, ahead of the United Kingdom but behind Australia and Hong Kong.
The detail is here.
Modest rate hikes to have little impact on high-end real estate: Sotheby’s
According to CTV News,
The CEO of Sotheby’s International Realty Canada says a modest increase in the overnight lending rate will probably have very little impact on the Canadian housing market, particularly in the high-end segment.
The detail is here.
Bank of Canada playing follow the leader on rates
According to Financial Post,
The Canadian economy is real-estate focused and it’s unclear just how much of an effect higher interest rates would have on GDP growth
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Leaside Real Estate Listings? Contact Me!
Also published on Medium.
