Canadian Real Estate News Headlines (May 8th 2019)
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I provide you with Canada’s news headlines for real estate news for today.
Toronto housing market starts buying season with a bang, sales up 17%
Toronto’s housing market entered the busy spring property season with a bang, as sales surged 17 per cent in April compared with a year earlier and prices also pushed higher.
The number of transactions totalled 9,042 units last month, compared with 7,744 units in April 2018, the Toronto Real Estate Board said Monday. On a seasonally adjusted basis, sales were up 11 per cent in April compared with March. The average selling price of a home climbed 1.9 per cent from a year ago, to $820,148.
What the spring real estate market will tell Canadian banks about their whole year
Canada’s big banks are eagerly watching the country’s real estate markets for evidence of a rebound this spring, but the mixed signals the sector has delivered so far are unlikely to move the needle for lenders, industry watchers say.
Canada Consumer Confidence Slumps in April Amid Weak Economy
Canadians’ confidence in the economy continues to hover at depressed levels, suggesting prospects for a strong rebound are dim.
Households are worried about the outlook for growth and their personal finances, the latest telephone polling show. Sentiment, already low, showed signs of further deterioration in the final weeks of April.
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