Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
For London real estate: $330K may be ‘the new norm’
According to CBC News,
Last year, the average price of a home in London was just under $284,000.
With fewer than four months left in the 2017, that total is now $339,000.
The surge in both sales and prices began last fall and culminated in what one agent calls a “crazy spike,” one that took some of London’s most seasoned agents by surprise.
Each month from January to June, the London and St. Thomas Association of Realtors (LSTAR) reported sales totals that smashed records stretching back to 1978 when it began tracking sales data.
The detail is here.
Canada trade deficit falls as strong Canadian dollar cuts value of imports
According to Newburgh Gazette,
It will take a few months to determine whether the last couple of rate increases impact the local property market.
As the nation is experiencing robust consumer spending, solid employment and steady income growth, the central bank says the rate hike is warranted.
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Midtown Toronto Real Estate Listings? Contact Me!
Also published on Medium.
