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Three Real Estate Stories in the News for Wednesday, April 4th, 2018

Jethro Seymour

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

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

Sep 26 3 minutes read

Here’s why the Canadian real estate sector had its second largest decline on record in January

Last week, it was revealed that the Canadian economy had taken a serious hit in January, as the monthly GDP rate contracted 0.1 per cent. One of the main factors at play? The start of the year also saw a serious cooling of the housing market.

“Weakness was fairly widespread, as 10 of 20 major sectors saw activity decline, but a few stood out,” writes TD senior economist Brian DePratto, in a recent note. “Government changes to mortgage underwriting regulations led the real estate sector to a 0.5 per cent contraction, as activity at the offices of real estate agents and brokers saw the second largest decline on record.”

Check here for more details.

Canadian condos to be marketed to foreigners, Amazon-style

Late last week, international property portal Juwai.com has announced the cementing of its alliance with Chinese online retailer and Amazon competitor JD.com – a move that will see real estate in Canada, the U.S., the U.K., and Australia marketed to JD’s customer base.

Check here for more details.

Millennials behind surge in home buying intentions (with a little help from family): poll

In what was a long, cold winter for Toronto’s property market, realtor Tom Storey barely felt a chill.

As sales of single-detached homes slumped, Storey’s downtown clientele of young buyers continued their pursuit of more affordable condominiums, picking them up at a heated clip.

Check here for more details.

Picture: Matthew Henry


Davisville Village Home Sales Statistics for February 2018

Leaside & Bennington Heights Home Sales Statistics for February 2018

Moore Park Home Sales Statistics for February 2018

Chaplin Estates Home Sales Statistics for February 2018

Rosedale Home Sales Statistics for February 2018

Lawrence Park Home Sales Statistics for February 2018



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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