Canadian Real Estate News Headlines (February 18th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Toronto Detached Real Estate Prices Roll Back Two Years Of Gains
Toronto detached real estate prices have rolled back over two years of price gains. The price of a typical detached across TREB was $903,800 in January, down 11.31% from peak. This is the lowest we’ve seen the benchmark since 2016, eliminating over two years of gains.
Altus: Half Of Toronto Real Estate Buyers Were First-Time Buyers
Toronto real estate is super expensive, which is why there’s so much political support for first-time buyers… right? What if we told you first-time buyers might be a large part of why prices are so high? Altus Group, a massive real estate insight company, published survey results on first-time buyers. The claim that first-time buyers need more support to get into the market seems to be largely unfound. In fact, the survey showed that inexperienced buyers are likely a significant driving force in this price expansion.
Jethro Seymour, Toronto Real Estate Broker,
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