Two Real Estate Stories in the News for Wednesday, October 17th 2017
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...
Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
The investor behind The Big Short says Canada is ‘ripe’ for a severe housing correction
According to The Financial Post,
"Canada’s housing market is “ripe for a pretty severe correction” with Canadian Imperial Bank of Commerce the most vulnerable, according to Steve Eisman, a fund manager at Neuberger Berman Group LLC."
The detail is here.
Home prices in Canada up 2.8% year on year in September
According to Property Wire,
"Residential property sales in Canada increased by 2.1% from August to September but were well below the 11% growth recorded at the same time in 2016.
The data from the Canadian Real Estate Association (CREA) also shows that the average price of a home increased by 2.8% year on year in September to just over $487,000."
The detail is here.
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