Three Real Estate Stories in the News for Monday, February 5th, 2018

Condos, townhomes in high demand in Metro Vancouver, real estate board says

The Real Estate Board of Greater Vancouver says demand continues to be high for condominiums and townhomes in the region, but less so for detached properties. The board says 1,818 homes sold in January — up 19.4 percent from the same time last year, but down 9.8 percent from December 2017. However, townhouse and condo sales were above the 10-year January average by 14.3 and 31.6 percent respectively, while detached homes fell 24.8 percent below it. Check here for more details. 

Calgary 15th on the list of Canada’s top millennial hot spots

Calgary ranks No. 15 out of 85 Canadian cities ranked as millennial hot spots, according to Point2 Homes, which covers real estate market trends and news. According to Point2 Homes, "Quality employment and affordable housing are two key factors that motivate millennials to settle down in a new city."

Check here for more details.

Here’s how many Chinese investors are interested in Canadian property in 2018

According to a recent survey by Juwai.com, Canada is the third most popular investment location for Chinese travellers in 2018. Fourteen percent of Chinese investors chose Canada as their top pick, behind the US (26 percent) and Australia (19 percent). The foreign investment made plenty of headlines in 2017, as record prices in the GTA market pushed the Ontario government to introduce a foreign buyer tax. But how are foreign buyers feeling about the Canadian real estate market in 2018? Pretty positive, according to Juwai.com. 

Check here for more details.

Picture: Scott Webb

Leaside & Bennington Heights Sales Statistics for December 2017

Davisville Village Home Sales Statistics for December 2017

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Jethro Seymour, Toronto Real Estate Broker.  Search Toronto's live MLS listing here.