Hello, everyone.

I provide you with Canada’s news headlines for real estate news for today.

The investor behind The Big Short says Canada is ‘ripe’ for a severe housing correction

According to The Financial Post,

"Canada’s housing market is “ripe for a pretty severe correction” with Canadian Imperial Bank of Commerce the most vulnerable, according to Steve Eisman, a fund manager at Neuberger Berman Group LLC."

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Home prices in Canada up 2.8% year on year in September

According to Property Wire, 

"Residential property sales in Canada increased by 2.1% from August to September but were well below the 11% growth recorded at the same time in 2016.

The data from the Canadian Real Estate Association (CREA) also shows that the average price of a home increased by 2.8% year on year in September to just over $487,000."

The detail is here

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