Two Real Estate Stories in the News for Wednesday, January 31st, 2018
4 days left to submit empty homes declarations
The Vancouver City officials are warning that 11 percent of homeowners have just four days left to declare the status of their property or risk facing costly taxes and fines. Check here for more details.
Once-Hot Toronto Housing Hits Deep Freeze as New Rules Bite
The only thing that might be colder than Toronto in January is the city’s housing market.
While the bleak mid-winter is never the best time to sell a home in Canada, a string of open houses in the country’s largest city was chillingly empty on a recent Saturday afternoon. Tougher mortgage rules went into effect on Jan. 1 just as higher interest rates began to bite, and the market’s on edge, waiting to see if a downturn that began last year will accelerate under the added pressure.
Check here for more details.
Picture Berkay Gumustekin
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Jethro Seymour, Toronto Real Estate Broker. Search Toronto's live MLS listing here.