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Top 10 Real Estate News Stories From January 1 – 6, 2018

It’s a new year and our CondoNow experts are excited for all the real estate market has in-store!
We’ve cultivated a list of 10 real estate news stories so far for the month of January to help you stay in the know.

From 2018 market predictions to an unexpected inventory surge to where Canada ranks in the global housing market, here’s the latest news:

Stress Test, Foreign Buyers And Higher Rates Likely To Impact Housing Markets In 2018.

New OSFI regulations and requirements for more open data have changed the rules.
Full Story On CBC.Ca

 

Toronto Home Prices Inch Up Despite 172% Dec. Inventory Surge 

Homeowners in Canada’s largest real estate market raced to sell their properties last month ahead of tough new lending rules that took effect at the start of January.
Full Story On BNN.Ca

 

 

Toronto Real Estate Board Blames Government For 18% Drop In Sales

The Canadian Real Estate Association forecast last month that home prices in Ontario will fall by a projected 2.2 percent in 2018.
Full Story On HuffingtonPost.Ca

 

 

Manitoba Credit Unions Not Included In ‘Stress Test’ Mortgage Rules

New rules were rolled out by the federal government Jan. 1 to reign in mortgage debt, but the rules don’t apply to credit unions.
Full Story On GlobalNews.Ca

 

 

Global Housing Markets Are ‘Slowing Sharply’. Is Canada Next? 

A majority of the world’s housing markets are seeing slowing momentum, and Canada could soon be among them.
Full Story On HuffingtonPost.Ca

 

 

Toronto Real Estate Will Get Over 57,000 New Homes in 2018

Toronto real estate is being plagued by a chronic shortage of supply… or is it? Recently we’ve been asked by a number of investors and developers whether they’ll be able to profitably create more supply in the Greater Toronto Area (GTA).
Full Story On Betterdwelling.Com

 

Mortgage Bond Market May Get a Boost From New Canadian Rules

It could make sense for more lenders to package uninsured mortgages into bonds, which over time could become a cheaper and more reliable form of funding.
Full Story On FinancialPost.Com

 

 

Canada’s Luxury Real Estate Hot Spots in 2018

Trends and predictions for six markets across the country.
Full Story On BCBusiness.Ca

 

 

Foreign Buyers ‘Dominate’ High-End House Sales In Vancouver

The most expensive resale condominiums in Metro Vancouver now average $1,800 per square foot.

Full Story On Vancourier.Com

 

Property Buyers Should Be Aware Of Real Estate Lawyers’ Legal Standards

Know what to expect from your lawyer and you can avoid troublesome legal claims.

Full Story On TheStar.Com

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