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Two Real Estate Stories in the News for Monday, December 25th 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

Merry Christmas!

Here are today's Canadian real estate news headlines.

Home prices in Canada are falling, and some homeowners could be in serious trouble

According to Business Insider, household debt in Canada rose to a new record of $2.11 trillion in the third quarter 2017, up 5.2 percent from a year ago and up 10.7 percent from two years ago. Mortgages accounted for 65.6 percent of the total. Canada’s infamous household-debt-to-disposable income ratio, one of the highest in the world, rose to a breath-taking record of 173.3 percent.

Check here for more details.

Foreign money driving top of housing market in Vancouver, Toronto

The new report from Statistics Canada shows that Foreign buyers in Canada’s two largest housing markets, Toronto and Vancouver,  are focused on larger and more expensive homes. 

Check here for more details. 

Davisville Village Home Sales Statistics for November 2017

Leaside & Bennington Heights Sales Statistics for November 2017

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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