Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
OECD latest international body to call out Canada on housing markets
According to Times Colonist,
The OECD is calling on Canada to do more to address risks associated with high-priced housing markets in cities such as Toronto and Vancouver, the latest international body to draw attention to the country’s real estate sector.
The detail is here.
Why Canada’s housing ‘bubbles’ aren’t headed for catastrophe
According to Yahoo! Finance,
The phrase “housing bubble” is dangerously close to platitudinal territory. Something of a slogan used to characterize the cost of buying property in metro Toronto and Vancouver — often with the contiguous phrase “red hot” — it’s neither useful nor factual. There is no economic tsunami poised to replace over-leveraged homeowner optimism with anguish and destitution. Experts say we don’t even know if this is a bubble at all.
The detail is here.
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