Canadian Real Estate News Headlines (February 14th 2019)
Hello everyone. How are you?
I provide you with Canada’s news headlines for real estate news for today.
Teranet: Canadian Real Estate Prices Fail To Rise Over Past 5 Months, First-Time Since 2013
Canadian real estate markets are still significantly cooler than we’ve gotten used to. The National Bank of Canada–Teranet House Price Index (Teranet HPI) resumed price growth deceleration in January. Prices also failed to rise on a monthly basis, for the fifth month in a row. The monthly movement (or lack of), occurred for the first-time the index has done so since 2013.
Canadian bankruptcies hit all time-low but the economy looks shaky
Far fewer Canadians filed for bankruptcy in December, according to the Office of the Superintendent of Bankruptcies.
The total number of insolvencies (bankruptcies and proposals to settle debt under conditions other than the existing terms) fell 20 per cent compared to the previous month.
Jethro Seymour, Toronto Real Estate Broker,
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