Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Canada: Home Prices Continue to Rise in 2017
According to mondaq.com,
January has brought yet another spike in home prices as the Toronto Real Estate Board (TREB) reports in the Star that January saw a 22% year-over-year increase in the price for a home.
The average selling price was up $140,552 from a year ago, with the average selling price in the region being $770,745 in January.
The detail is here.
‘Too hot for comfort’: BMO says Toronto housing market in a bubble
According to CTV News,
Toronto’s hot real estate market is in a housing bubble according to the Bank of Montreal’s chief economist Douglas Porter.
The economist loosely defined the term bubble in a note to clients on Wednesday.
The detail is here.
B.C. home sales levels ‘back to normal’
According to CBC News,
Despite regional variations, home sales across the province returned to a historic average level for January, according to the British Columbia Real Estate Association.
Sales have slowed in the Vancouver housing market due in part to policy initiatives such as the foreign buyers tax and tighter credit regulations for first time home buyer, but the BCREA reports that sales on Vancouver Island and in the Okanagan are trending above average.
All told, 4,487 homes were sold in British Columbia in January, 2017, according to the BCREA’s figures, down from 5,831 sales the previous year, a 23 per cent drop.
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 Toronto Davisville Real Estate Broker
Also published on Medium.
