3 Canadian Real Estate News Headlines You Shouldn't Miss Today (August 11th 2019)

Hello everyone. How are you?

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

GTA housing sales up 24.3% in July, prices rise due to tighter supply

The chief executive of Home Capital Group Inc. says the housing market has been flashing some positive signals lately, especially in the Greater Toronto Area.

During a conference call to discuss their results for the quarter ended June 30, Home Capital CEO Yousry Bissada said Wednesday that the mortgage lender “saw some encouraging signs from the housing market.”

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Are Condos the Key to the GTA Real Estate Market?

A new report suggests that while housing affordability remains an issue throughout the GTA, condos are the key for buyers looking the enter the market.

The Toronto Real Estate Board (TREB) announced that realtors in the Greater Toronto Area reported 7,038 condominium apartment sales through TREB’s MLS(r) System in the second quarter of 2019. This result was up by 3.2 per cent compared to 2018’s second quarter.

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CMHC: Toronto Real Estate “Highly” Vulnerable, Vancouver Stabilizing

A Canadian real estate bubble? Nah… as more and more three letter organizations declare Canada’s real estate prices unsustainable, Canada’s national housing agency thinks things are getting better. The Canada Mortgage and Housing Corporation (CMHC) latest report mentions improved fundamentals. The organization even went so far as to downgrade the risk in Greater Vancouver.

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