2018 Feb Market Update

Thursday Sep 13th, 2018

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Update:

1.  Alternative lending is on the rise as new mortgage rules add pressure.

2. Rising interest rates and tougher mortgage rules are prompting first-time homebuyers to forego owning their first property this year.

3. Ontario Regulator probes crytocurrency use in real estate; 

4.Gap between house supply and demand in on the rise. 

5. Unemployment rate increased to 5.9% in Janauary 2018 while Inflation cooled to 1.7%.

6. For the first time since October 2017, the average house prices moved higher to $736,783.

7. Condo prices edged higher by 14.7%, to $507,492, selling 1,275 units in JAnuary 2018.


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