Three Real Estate Stories in the News for Wednesday, April 4th, 2018
Jethro Seymour
Sell your home faster and for more money with the Seymour Real Estate Team. I started my sales career in 1994 with publishing and media sales...
Sell your home faster and for more money with the Seymour Real Estate Team. I started my sales career in 1994 with publishing and media sales...
Here’s why the Canadian real estate sector had its second largest decline on record in January
Last week, it was revealed that the Canadian economy had taken a serious hit in January, as the monthly GDP rate contracted 0.1 per cent. One of the main factors at play? The start of the year also saw a serious cooling of the housing market.
“Weakness was fairly widespread, as 10 of 20 major sectors saw activity decline, but a few stood out,” writes TD senior economist Brian DePratto, in a recent note. “Government changes to mortgage underwriting regulations led the real estate sector to a 0.5 per cent contraction, as activity at the offices of real estate agents and brokers saw the second largest decline on record.”
Check here for more details.
Canadian condos to be marketed to foreigners, Amazon-style
Late last week, international property portal Juwai.com has announced the cementing of its alliance with Chinese online retailer and Amazon competitor JD.com – a move that will see real estate in Canada, the U.S., the U.K., and Australia marketed to JD’s customer base.
Check here for more details.
Millennials behind surge in home buying intentions (with a little help from family): poll
In what was a long, cold winter for Toronto’s property market, realtor Tom Storey barely felt a chill.
As sales of single-detached homes slumped, Storey’s downtown clientele of young buyers continued their pursuit of more affordable condominiums, picking them up at a heated clip.
Check here for more details.
Picture: Matthew Henry
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