Canadian Real Estate News Headlines (February 27th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Canadian Borrowing Rates Are Climbing, But Growth Is Slowing
Canadian lenders have started to stall on rising rates. Bank of Canada (BoC) numbers show the effective borrowing rate held for five consecutive weeks by February 15. The stall, rarely seen prior to 2016, also came with deceleration of annual growth.
Canada’s first pre-sale register to crack down on flipping
The BC government announced on Monday that it has launched the Condo and Strata Assignment Integrity Register (CSAIR) to crack down on tax evasion and improve fairness and transparency in B.C.’s real estate market.
Jethro Seymour, Toronto Real Estate Broker,
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