Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
Are Canadian bank investors worried about the housing market?
According to Financial Post,
The downturn in Toronto’s housing market appears to be drawing to a close, and if the performance of Canadian bank stocks is any indication, investors seem to agree.
The detail is here.
Vancouver Real Estate Gets A Lift From Higher Condo Prices
According to Better Dwelling,
Vancouver real estate prices are still chugging along. Numbers from the Real Estate Board of Greater Vancouver (REBGV) show that prices continued to climb in August. Most price gains were attributed to the condo segment, and declining inventory. This is the first-time since March 2017, that inventory declined while sales increased.
The detail is here.
With help from real estate, British Columbians still Canada’s wealthiest
According to BC Business,
Canadians are wealthier than ever. That good news comes from BCBusiness research partnerEnvironics Analytics, based on findings from the newest release of the marketing and analytical services firm’s WealthScapes financial database. Across the country in 2016, average household net worth climbed 12 per cent year-over-year, to almost $771,000, according to Toronto-based Environics Analytics. Meanwhile, household debt rose 4.4 per cent, to roughly $139,000 on average.
The detail is here.
Follow me on social media!
Jethro Seymour, Toronto Real Estate Broker, Looking For Best Midtown Toronto Real Estate Listings? Contact Me!
Also published on Medium.
