2 Canadian Real Estate News Headlines You Shouldn't Miss Today (August 24th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Single-family home sales jump by 136% in Toronto
Regulations designed to cool off the real estate market took their toll on new home sales in the Greater Toronto Area last year, but things are starting to look up again, according to data released Friday.
Airbnb "Ghost Hotels" Are The Reason Why So Many Homes Are Unrentable In Toronto Now
Neighbourhoods across Toronto have been speaking out against the negative impact Airbnb has had on their communities. A report came out recently that 66,000 homes are sitting vacant in Toronto, and people are bitter about the impact that short term vacation rentals have had on this. Affordable Toronto rentals are becoming increasingly hard to find as Airbnb "ghost hotels" are on the rise, especially in the downtown core.
Jethro Seymour, Top Toronto Real Estate Broker
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