Two Real Estate Stories in the News for Thursday, June 15th 2017Jethro Seymour – Top Midtown Toronto (Davisville Village ,Leaside) Real Estate Agent
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Two Real Estate Stories in the News for Thursday, June 15th 2017

Posted by seymour on June 15, 2017
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Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.

Canadian Economy at Risk due to Increase Debts and Real Estate Activity

According to HiBusiness,

The Canadian economy remains under risk as household debts across the country soars higher while real estate activity continue to be vibrant and this according to the central bank is a cause for concern.

The detail is here.

Big sacrifices and a plan can pay off for younger real estate shoppers: Teitel

According to Toronto Star,

When it comes to Toronto real estate, there are roughly two kinds of people: those who own a home in the city and fear (or vehemently doubt) that a crash is upon us, and those who don’t own a home in the city and pray with all their might that a crash is upon us.

The latter group has good reason to be gleeful about the possibility of a housing Armageddon. In the absence of a crash or a sizable correction, the reality of this city is such that hardly anyone can hope to purchase a family home without the help of well-heeled parents or relatives. According to a newly released survey conducted by Canada Mortgage and Housing Corp., nearly one in five first-time homebuyers received help from a relative with their down payment. That’s a lot of help.

The detail is here.

 


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