Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
What kind of home will $770K buy? It all depends on where you want to live
According to CBC,
With the price of a detached home in Vancouver well beyond the reach of most families, we took the average price of a home in Toronto — $770,000 — and set out to see what kind of property that could get you in cities across Canada.
The detail is here.
Toronto’s home prices in line with other world cities
According to Toronto Star,
Bubble. What bubble?
Toronto’s soaring home prices are in line with the reality of other world cities such as New York, Hong Kong and London, says Mark Renzoni, president of global commercial real estate giant CBRE.
The detail is here.
Why Toronto’s condo rental market is described as ‘ridiculous’
According to CBC,
The number of condo apartments rented through the Multiple Listing Service (MLS) during 2016 in the Greater Toronto Area dropped two per cent to 26,602 units, according to January report released by the firm. That’s the first annual decline reported by Urbanation since it started monitoring the data in 2011.
Condo rents rose 12 per cent in the fourth quarter of 2016 compared to the same period in 2015, with the average condo now renting for $30.80 per square metre ($2.77 per square foot), or $1,990 per month, says Urbanation.
According to another analysis by the Toronto Real Estate Board, the average rate for a one-bedroom condo apartment listed on MLS in the fourth quarter of 2016 is $1,776, up 7.4 per cent from the previous year.
The detail is here.
Possible Vancouver housing market corrections a concern, says Scotiabank CEO
According to Vancouver Sun,
The CEO of Scotiabank says he’s concerned about the possibility of a housing market correction in Vancouver and Toronto.
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
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Jethro Seymour, One of the Top Davisville, Toronto Real Estate Agent
Also published on Medium.
