Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
What are Canada’s next hot real estate markets?
According to Yahoo Financial,
While Toronto and Vancouver get the headlines, the really sharp price gains of the last few years have been in areas surrounding those cities. The outer reaches of the Greater Toronto Area (GTA), for instance, have seen price soar to the point where they now are quickly becoming inaccessible to first-time buyers.
There are several cities and towns where location, demographics and economics suggest a home purchase today may bring strong returns over the next few years.
Yahoo Canada Finance asked three real estate experts which cities may soon see the kind of price escalation we’d all like to take part in.
The detail is here.
Canadian home prices will stay high if interest rates stay low: Poll
According to BNN,
Efforts to rein in Toronto’s hot housing market and recent problems at mortgage lender Home Capital are unlikely to hurt Canada’s national real estate market as low borrowing costs continue to stoke demand, according to a Reuters poll of analysts.
The detail is here.
Toronto real estate bidding wars turn to buyers’ remorse
According to The Record,
Toronto’s hot housing market has entered a new phase: jittery.
After a double whammy of government intervention and the near-collapse of Home Capital Group, sellers are rushing to list their homes to avoid missing out on the recent price gains. The new dynamic has buyers rethinking purchases and sellers asking why they aren’t attracting the bidding wars their neighbours saw just a few weeks ago in Canada’s largest city.
The detail is here.
Toronto to be economic growth leader among Canadian metropolitan cities in 2017
According to CNW,
Toronto’s economy is expected to expand by 2.7 per cent in 2017, making it the growth leader among the 13 census metropolitan areas included in The Conference Board of Canada’s Metropolitan Outlook: Spring 2017. Following two years of recession, Calgary and Edmonton’s economies are on the road to recovery. Indeed, Edmonton’s economic growth will tie Vancouver’s for second place.
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Leaside Real Estate Listings? Contact Me!
Also published on Medium.
