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Canadian Real Estate News Headlines (January 25th, 2019)

Share

Canadian Real Estate News Headlines (January 25th, 2019)

Jethro Seymour

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

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

Jan 25 2 minutes read

Hello everyone. How are you?

I provide you with Canada’s news headlines for real estate news for today. 

Canadian Reverse Mortgage Debt Rises Over 30%, Sets New Record

Senior Canadians tapping their home equity is slowing, but still showing massive growth. Office of the Superintendent of Financial Institutions (OSFI) filings show outstanding reverse mortgage credit hit a new high in November. The annual pace of growth of outstanding credit was slower than last year, but still remains above 30%.

The details can be found here

Midtown Toronto Feature Listings


2018 Toronto Real Estate Sales May Not Be as Dire as Data Shows

Young and middle-class Canadians are being denied the opportunity of homeownership due to the rigorous mortgage stress test, according to a report released January 23 by Mortgage Professionals of Canada (MPC).

The details can be found here.

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Jethro Seymour, Toronto Real Estate Broker, 

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