Canadian Real Estate News Headlines (February 28th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
The Dollar Volume Of Canadian Real Estate Sales Off To A Weak Start In 2019
Canadian real estate sales are off to a weak start in 2019. Canadian Real Estate Association (CREA) numbers show dollar volumes have made a sharp decline in January. The drop makes this month one of the weakest the country has seen in years.
Cooling real estate market to hamper B.C. economy in next two years, says think tank
As real estate goes, so goes the B.C. economy.
The Conference Board of Canada is forecasting at least two more years of slowing growth ahead for the province amid a cooling real estate market.
The Ottawa-based think tank’s latest provincial outlook, released February 27, estimates real GDP growth in B.C. will fall from 2.6 per cent in 2018 to 2.5 per cent this year.
Canada’s Largest Real Estate Markets See Mortgage And HELOC Payments Soar
Toronto and Vancouver real estate prices are cooling, but payments are still soaring. Canada Mortgage and Housing Corporation (CMHC) numbers show a big increase for the average payment in Q3 2018. The average payment on mortgages and home equity lines of credit increased at over 2x the rate of inflation.
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