Hello everyone. I provide you with Canada’s news headlines for real estate news for today.
Real estate pros see risks and opportunities in B.C.’s no-interest loan scheme
According to Canadian Business,
The [B.C.’s no-interest loan scheme] was applauded by Mortgage Professionals Canada. “This single action by the Clark government will ensure that tens of thousands of middle-class British Columbians will be able to move from renters to homeowners,” association president Paul Taylor said in a release.
But others were sharply critical, insisting the program only blows more air into a housing bubble on the verge of collapse. While the federal government is tightening mortgage lending rules with stricter stress tests for buyers, “Our provincial government’s response is to encourage people to take on more debt and to subsidize that debt,” NDP housing critic David Eby said. Green Party leader Andrew Weaver labeled it a “Band-aid solution” to the housing affordability crisis. Speaking to The Tyee, Nanaimo-based accountant Ken Dreger lamented that, like American banks during the 2008 financial crisis, “The B.C. housing market’s become too big to fail.”
The detail is here.
Canadian Economic Optimism Rises After Trudeau Approves Pipelines
According to Bloomberg,
Consumer confidence has increased in Canada since a pair of major pipeline approvals, with hopes for the country’s overall economic performance rising, telephone polling shows.
The Bloomberg Nanos Canada Confidence Index climbed to 56.6 from 56.2 a week earlier, the second-straight increase. The index reached its highest level since October and is poised to finish the year above its 2016 average of 56.1.
The detail is here.
Toronto Midtown (Davisville, Leaside & Bennington Heights) Neighborhood News
Here are the latest local neighborhood news
- Davisville Village Sales Statistics – November 2016
- Leaside & Bennington Heights Sales Statistics – November 2016
- Toronto Midtown Community Corner – December 2016
Are you ready for the Christmas holiday? Here is the holiday trivia.
Have you entered this month contest yet? Seymour Contests: December 2016 Giveaway
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Jethro Seymour, One of the Top Toronto Davisville Real Estate Broker
Also published on Medium.
