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Two Real Estate Stories in the News for Wednesday, October 17th 2017

Jethro Seymour

My sales career started in 1994 with publishing and media sales...

My sales career started in 1994 with publishing and media sales...

Feb 9 2 minutes read

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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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Midtown Toronto Real Estate listings? Contact Me!

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