Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
Canada’s Fast Growing Economy Faces Risk From Toronto And Vancouver Real Estate Markets
According to HiBusiness,
The Organization for Economic Co-operation and Development (OECD) have raised concerns over the rate at which Canada’s economy is growing, given the datum that the real estate market is also growing higher especially in Vancouver and Toronto.
In the year 2017, it is foreseen that the national GDP will rise by 2.8%, which is twice higher than it used to be in 2016. This upsurge is anticipated to come as the consequence of an enhancement in the household wealth; a recovery in the oil and gas sector, the Paris-based think-tank projects, low interest rates and government expenditure.
The detail is here.
These are the missing ingredients for a Toronto real estate crash
According to BuzzBuzzNews,
Home prices in Toronto are falling, sales activity is drying up and anxious owners continue to list properties — all things that would likely be happening amid a full-on market crash.
But as TD Economics sees it, the Toronto real estate market isn’t crashing in response to Ontario’s Fair Housing Plan, which was announced in April and included a foreign-homebuyer tax as well as more robust rent control measures.
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Davisville Real Estate Listings? Contact Me!
Also published on Medium.
