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Canadian Real Estate News Headlines (November 13, 2018)

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Canadian Real Estate News Headlines (November 13, 2018)

Jethro Seymour

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

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

Nov 12 2 minutes read

Hello everyone. How are you?

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

Real Canadian Mortgage Credit Growth Is Pointing To An Early 80s Style Meltdown

Canadian mortgage credit growth is falling, but how bad is it in real terms? People are comparing today’s low growth numbers to the mid-1990s. While there are some parallels, it more accurately resembles the early 1980s. Mortgage credit growth, when adjusted for inflation, is heading towards negative numbers. We haven’t actually experienced negative real growth in over 30 years.

The details can be found here


Housing jitters subside in Canada amid rising optimism on prices

The polling data from Nanos Research shows 44.2 per cent of respondents now expect the value of real estate in their neighbourhoods to increase over the next half year. That’s the highest proportion since May 2017 and the level has rapidly risen from a recent low of 36.1 per cent over the last two months. The level of optimism about price gains is now pushing well past the average over the last five years.

The details can be found here.


How Toronto’s sky-high housing prices are forcing seniors out of their homes

Older residents are being squeezed out of the city’s most desirable neighbourhoods — and many find themselves with nowhere to go

The details can be found here.

 


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Jethro Seymour, Toronto Real Estate Broker, Looking for Mount Pleasant Toronto homes for sale? Contact Me!

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