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This week’s top real estate news in Ontario and how your real estate business could be affected.
Canadian housing market poised to break all-time annual sales record even as BC cools
Although RBC has just downwardly revised its resale housing market forecast, now calling for 531,600 units to change hands in 2016 (previously it expected 545,800 sales) that’s still enough to surpass the current banner year of 2007, when 519,800 units were sold.
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Average home prices to fall in 3 oil-producing provinces next year: CREA
Canada’s national average house price is expected to edge higher by 1.4 per cent in 2016, to $448,700 — with Ontario leading the other regions with an increase of 2.9 per cent. Also read “The housing bubble has already popped in some parts of Canada“.
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Real estate news stories that we’ve been following this week.
Stay up-to-date with all real estate news updated continually on our Facebook page.
Toronto’s residential land prices reach new highs: ‘More condominiums coming’
Residential land prices increase with the emphasis on higher-density condo projects coming to market.
5 reasons why the market meltdown matters to all Canadians
The recent pull-back of stock markets around the globe could signify any number of future trends. here’s a primer on ...
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Real estate news stories that we’ve been following this week.
Stay up-to-date with all real estate news updated continually on our Facebook page.
Economists welcome Harper promise to collect foreign real estate investment data
A better understanding of international investors and where they are buying in Canada is called “very positive” but no one is uncertain what the data will be used for, if ownership rules will be brought in place. Also read “Foreign buyers snatch ...