2 Canadian Real Estate News Headlines You Shouldn't Miss Today (September 1st 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
‘Toronto is hot:’ How luxury real estate is selling across Canada
Anthony Hitt, President and CEO of Engel & Volkers Americas talks to the Financial Post’s Larysa Harapyn about how he is bullish on all of Canada’s markets, even Vancouver.
Vancouver Real Estate Developers Drop New Inventory By Over 95%
Greater Vancouver real estate developers are launching less units – a lot less. MLA Canada numbers show July saw the fewest new pre-sale units launched in years. Developers have been delaying new releases in response to weak absorption. Fewer launches did help to firm up the absorption ratio, but even with the “firming” sales came in very low.
Airbnbs threaten Toronto’s quality of life
Toronto’s real estate regulations are the slowly boiling water, and we are the frog.
Our bylaws governing short-term rentals have shot up the news cycle in the past few days. As the Local Planning Appeal Tribunal (LPAT) sits behind closed doors, Torontonians have a bigger decision to make: What kind of city do we want to live in and build together?
Jethro Seymour, Top Toronto Real Estate Broker
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