2 Canadian Real Estate News Headlines You Shouldn't Miss Today (September 11th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Toronto housing prices- no bursting bubble in sight
As housing prices continue to rise quickly across Canada, Toronto remains the hottest market with no end in sight.
Literally for years experts have been saying the “bubble” will burst soon and prices will drop. There’s been no sign of that.
The latest example is this run down single car garage. It used to belong to the house next door, but when that was sold, the garage portion was severed off to become a 20ft x 100ft lot. (6m x 30.4m)
August Housing Starts Rise Unexpectedly By 1.9 Per Cent: CMHC Report
According to the Canada Mortgage and Housing Corporation (CMHC), August housing starts took an unexpected turn with the number of units built rising to their highest level since June 2018. The national trend in housing starts increased to 218,998 units compared to July’s 208,931 housing starts.
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