Two Real Estate Stories in the News for Sunday, December 10th, 2017

Hello everyone,

Here are today's Canadian real estate news headlines.

Median family net worth was $295.1K last year, Statistics Canada says

The average net worth of Canadian families was $295,100 in 2016, a jump of nearly 15 per cent from four years ago and almost double the 1999 level, according to CBC News. 

Check here for more details. 

Developers are building more condos in Canada than ever before — and that has economists scratching their heads

Canadian real estate developers are on a tear, starting construction on a record number of multiple-unit projects.  Financial Post claims that the surge in everything from semi-detached homes to condos has brought the number of housing starts over the past 12 months to the highest on record in data going back to 1959. The jump surprised policymakers and analysts particularly given the softening that has taken place in the Toronto resale market, the country’s largest, in recent months.

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.