Two Real Estate Stories in the News for Monday, April 9th, 2018

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Toronto Real Estate's Harsh New Reality: Buyer Beware

Until recently, Greater Toronto's housing market had been something of a fairy tale. Years and years of price growth convinced many that buying into the market — at any price — would pay off. In essence, a house in Toronto had become a miracle investment: no matter what happened, you made money.

But now, with home sales in the metro area down nearly 40 per cent over the past year, and prices down 14 per cent in that time, the market is doing something it hasn't done in a good three decades: It's creating losers.

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Housing speculation risky for British Columbia growth: finance minister

British Columbia must diversify its economy away from real estate speculation and the housing market needs to be moderated but the province is not looking at further new measures to cool it, the province’s finance minister said on Friday.

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Jethro Seymour, one of the Top Midtown Toronto Real Estate Brokers, provides you with Canadian real estate news headlines ( April 9th 2018)