Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
How far does the Bank of Canada need to go with its rate hikes?
According to The Globe and Mail,
The key question is whether the central bank needs to hike rates further. The Conference Board of Canada believes that continued growth in the economy will eventually warrant further tightening by the end of 2018, but there is no urgency to continue hiking at the next announcement on Oct. 25.
The detail is here.
What crisis? Canada’s retail sector adapting, experts say
According to BNN,
[D]oom and gloom in Canadian retail might be overblown, according to panelists discussing the sector at the 14th annual RealREIT conference in Toronto on Thursday.
“Retail has always had turmoil,” said OneREIT CEO Richard Michaeloff (ONR.UN-T). “It has always changed. You look back over time, retailers have come and gone. You had downtown stores and then suburban stores. You had Walmart come in . . . there has always been lots of change.
“The key thing is for landlords and property owners to stay focused and be adaptable and to recognize trends.”
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Midtown Toronto Real Estate Listings? Contact Me!
Also published on Medium.
