Canadian Real Estate News Headlines (July 5th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Toronto home sales surge 10%, narrowing affordable options for buyers
Toronto home sales jumped again in June, nudging prices higher and narrowing affordable options for buyers.
A total of 8,860 homes changed hands in Canada’s biggest city in the month, up 10 percent from the same month a year earlier, the Toronto Real Estate Board reported Thursday. New listings fell 0.4 percent to 15,816, leading to increased competition between buyers and price increases across certain segments.
Canadian House Prices Are Growing Dramatically Faster Than The U.S.
The state of Canadian real estate is looking bleak. House prices have only gotten higher over the years, but the jump has been so dramatic that they’re now outpacing the U.S.
Jethro Seymour, Top Toronto Real Estate Broker
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