Hello everyone. I provide you with Canada’s news headlines for real estate news for today.
China’s anti-money-laundering rules could burst Canada’s real-estate bubble
According to this website,
China has adopted stringent new anti-money-laundering rules that will make it nearly impossible for small investors — for example, middle-class families who pool their savings — to get their money out of the country in order to buy condos in Canada’s superheated property market
The detail is here.
Canadian real estate market outlook 2017
According to Money Sense,
Even a 20% drop in house prices can’t eradicate built-up equity, but current buyers and sellers are in for some interesting times
The detail can be found here.
GTA real estate market conditions presage further rise in home prices
According to The Globe and Mail,
The Greater Toronto Area is poised for another year of rising home prices as buyers compete amid a scarcity of listings.
The price for all housing types sold in the GTA averaged a record $729,922 last year, up 17.3 per cent from 2015. It marks the 20th consecutive year that average house prices have gone up in Canada’s largest housing market.
The detail is here.
Real estate forecast: No signs of market’s rapid growth stalling
According to CTV News,
Waterloo Region is far from the only place where a lack of people listing their homes for sale is causing double-digit growth in sales prices.
New figures show that the issue is also prevalent in Guelph, the Greater Toronto Area, and other urban and suburban pockets of southern Ontario.
The detail is here.
Toronto Midtown (Davisville, Leaside & Bennington Heights) Neighborhood News
Here are the latest local neighbourhood 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.
