Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Canada at risk of housing correction, Moody’s warns
According to The Globe and Mail,
Canada is one of four countries that have become most vulnerable to a possible housing correction, according to an analysis from Moody’s Investors Service.
The debt rating agency said Canada, Australia, New Zealand and Sweden are most exposed to a correction because of their rapid increases in house prices. A correction would have an impact on national economic growth in the four economies, Moody’s warned.
The detail is here.
BoC’s Poloz issues warning about speculation in Toronto housing market
According to The Globe and Mail,
Bank of Canada Governor Stephen Poloz has issued a warning about “unsustainable” speculation in the Toronto region’s housing market but says an interest-rate increase is not the solution to the problem.
The detail is here.
Calgary real estate industry hopes housing start uptick the beginning of a trend
According to CBC News,
New home construction in Alberta is still below pre-recession levels but there are indicators activity is starting to rebound, according to the latest data from the Canada Mortgage and Housing Corporation (CMHC).
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, Toronto Real Estate Broker, Looking For Best Leaside Real Estate Listings? Contact Me!
Also published on Medium.
