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Canadian Real Estate News Headlines (March 27th 2019)

Share

Canadian Real Estate News Headlines (March 27th 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...

Mar 26 2 minutes read

Hello everyone. How are you?

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

Canadian Real Estate Demand Slips Further In February

Canadian real estate is cooling down even further from last year. Canadian Real Estate Association(CREA) numbers show the sales to new listings ratio (SNLR) declined further in February. The ratio, a relative measure of demand, showed more inventory and fewer sales are a broad trend. Markets taking the biggest hit are located in Greater Vancouver, and Toronto’s suburbs.

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Chinese buyers will continue to hunger for Canadian property

The Chinese will still actively seek out Canadian real estate, but international property portal Juwai.com has predicted that growth in demand will be muted compared to the fevered pace of the previous years.

In 2018, Chinese nationals expressed approximately US$1.45-billion in purchase intentions on Canadian properties.

However, with the market-cooling effects of foreigner-targeted regulations taking root in Toronto and Vancouver for most of the year, the volume of Chinese inquiries in Montreal, Calgary, and Halifax has significantly escalated.

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