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Canadian Real Estate News Headlines (June 10th 2019)

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Canadian Real Estate News Headlines (June 10th 2019)

Jethro Seymour

My sales career started in 1994 with publishing and media sales...

My sales career started in 1994 with publishing and media sales...

Jun 10 3 minutes read

Hello everyone. How are you?

I provide you with Canada’s news headlines for real estate news for today.

Is the mortgage stress test making Toronto’s housing crisis worse?

We may be mortgaged to the hilt, but Canada’s loan default rate is still tiny: Just 0.3 per cent. We’ll do anything to ensure we don’t miss those payments.

We juggle credit cards and car loans and postpone paying our home equity lines of credit, but that doesn’t help with our overall debt level, which hit a record high at the end of last year — we now collectively owe 178 per cent of our disposable income.

That makes many households vulnerable to disaster if someone loses a job or interest rates climb. It also puts Canada’s future prosperity at risk.

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Mississauga real estate market posts best month in 2 years in May

May ended up being a banner month for real estate in Canada’s sixth-largest city, with total sales reaching highs not seen since May 2017.

The Toronto Real Estate Board (TREB) released its monthly market tracking data on Thursday (June 6), showing an average sale price for all types of dwellings in Mississauga at $756,465 across 1,042 sales in May.

Last month was the first time since May 2017 where Mississauga’s market surpassed more than 1,000 total sales.

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Canadian Residential Investment Drops For A Fifth Quarter, Signaling Recession

May ended up being a banner month for real estate in Canada’s sixth-largest city, with total sales reaching highs not seen since May 2017.

The Toronto Real Estate Board (TREB) released its monthly market tracking data on Thursday (June 6), showing an average sale price for all types of dwellings in Mississauga at $756,465 across 1,042 sales in May.

Last month was the first time since May 2017 where Mississauga’s market surpassed more than 1,000 total sales.

Read More


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Canadian Real Estate News Headlines (June 10th 2019) | Jethro Seymour, Top Toronto Real Estate Broker


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