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Canadian Real Estate News Headlines (January 7th, 2019)

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Canadian Real Estate News Headlines (January 7th, 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...

Jan 6 2 minutes read

Hello everyone. How are you?

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

Toronto, Vancouver housing sales plummet to decade-lows in 2018

Canada’s priciest housing markets saw their worst year for sales in at least a decade as higher borrowing costs and stricter mortgage rules hit home.

Sales in the Toronto region fell 16 per cent to 77,426 transactions in 2018 while the average price fell 4.3 per cent to $787,300, the Toronto Real Estate Board reported Friday. That’s the worst year for sales in Canada’s biggest city since 2008. In Vancouver, full-year sales fell 32 per cent to 24,619, the lowest since 2000 and 25 per cent below the 10-year average.

The details can be found here


A home in London is now pricier than Edmonton, a city more than twice its size

After a year of double-digit gains, the cost of buying an average home in London is now more expensive than Edmonton, a city that's more than twice its size. 

The price of an average home in London shot up 13.4 per cent last year to $375,782, putting the cost above a similar home in Edmonton, a city of 932,000 where a house fetches an average of $369,607.

The details can be found here.

Canadian Real Estate News Headlines (January 2nd, 2019) | Jethro Seymour, Top Leaside Real Estate Broker




 

 

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