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Three Real Estate Stories in the News for Thursday, November 8th, 2017

Jethro Seymour

My sales career started in 1994 with publishing and media sales...

My sales career started in 1994 with publishing and media sales...

Feb 9 2 minutes read

Hello everyone, how's your day?

Here are the latest real estate news headlines.

Jethro Seymour, one of the Top Toronto Real Estate Brokers, provides you with Canadian real estate news headlines (November 8th, 2017)

image: Alex Shutin

Canada housing starts, building permits rise unexpectedly

"Canadian housing starts rose in October and the value of building permits climbed in September, both unexpected gains," according to The Business Times. 

"Groundbreaking on new homes rose to a seasonally adjusted annual rate of 222,771 starts in October, bucking expectations for a decline to a 210,000 annual rate and marking five straight months of starts above the 200,000 unit threshold."

Check here for more details.

Vancouver housing market could see some relief by late 2018: Real Estate Association

The British Columbia Real Estate Association predicts, "Metro Vancouver's tight and costly housing market conditions should begin to ease by the third quarter of 2018," according to BNN. 

The real estate association says "homebuilders are responding to a lack of available homes across the region by dramatically increasing multi-family housing starts."

Check here for more details. 

According to The Globe and Mail, "the Greater Toronto Area's condominium boom is failing to produce enough larger, family-friendly units." 

"A study by Ryerson University's City Building Institute and Urbanation, a real estate consulting firm, says that only 41 per cent of condominiums under construction or in preconstruction in the GTA have at least two bedrooms. That's down from 67 per cent in buildings completed in the 1990s."

Check here for more details.

Find out what your home is worth here!

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

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