Two Real Estate Stories in the News for Tuesday, November 21st, 2017
Here are today's Canadian real estate news headlines.
Is Canadian Real Estate The Least Affordable It’s Ever Been? Nope
National Bank of Canada (NBC) economists warn that the current market is "the least affordable since the early 1990s real estate bubble," but "the home prices have seen peaks of unaffordability higher than the current levels," according to Better Dwelling.
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Toronto land prices are pushing developers into the US market
According to The Real Deal, "land prices in one of the hottest housing markets have risen so much that developers are struggling to build at all in Toronto — and, when they do, having trouble finding buyers, so some are turning their eyes south to U.S. markets."\
Picture: Dan Newman
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Jethro Seymour, Toronto Real Estate Broker. Search Toronto's live MLS listing here.