Real Estate in the News

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Our weekly wrapup of the important real estate news stories we’re following.

GTA Realtors® Report Monthly Resale Market Figures –
January 2015 brings a strong start to the real estate resale market with reported sales up 6.1% over january 2014 and listings up 9.5%.

TDSB trustees approve some cost-cutting measures at meeting –
The Toronto District School Board is looking at cost saving measures and possibly 1-in-5 school closures. The effects of school closures may affect neighbourhood house prices. Additional information here and here.

McKinsey Global Institute: Soaring Canadian household debt puts economy at risk –
Canada’s debt-to-income currently sits at 155 per cent as of the second quarter of 2014, according to the research organization. That ratio has increased 22 percentage points since 2007, one the of the highest surges among the 22 advanced economies studied.