Last month growth accelerated in the construction sector, encouraging companies to hire more staff to meet the rising demand. Overall construction output grew at its fastest pace so far this year, according to the purchasing managers' index from IHS Markit. Britain's builders are getting back to work as housebuilders try to meet demand for new homes and large civil engineering projects get under way, following a modest slowdown at the start of the year. Its index rose to 53.1, up from 52.2 in March. A score above 50 indicates growth.
As it stated in TREB also released a new analysis Wednesday of the impact of foreign buyers in the Toronto region's housing market, saying it believes foreign buyers and other speculators are not playing a major role in current market conditions. Globe editorial: How to pop Toronto's housing bubble, without blowing up the economyBut there were signs the Toronto region's market may be poised for more balanced growth. The average sale price for all homes in April was almost flat – up just 0.5 per cent – compared to March, when prices averaged $916,567. "The trend from 2008 to April, 2017, suggests that the share of foreign home buyers has remained low," TREB concluded. Fewer than 1 per cent of buyers had a mailing address outside of Canada, and most of those were U.S. addresses.
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collected by :Jack Luxor
As it stated in TREB also released a new analysis Wednesday of the impact of foreign buyers in the Toronto region's housing market, saying it believes foreign buyers and other speculators are not playing a major role in current market conditions. Globe editorial: How to pop Toronto's housing bubble, without blowing up the economyBut there were signs the Toronto region's market may be poised for more balanced growth. The average sale price for all homes in April was almost flat – up just 0.5 per cent – compared to March, when prices averaged $916,567. "The trend from 2008 to April, 2017, suggests that the share of foreign home buyers has remained low," TREB concluded. Fewer than 1 per cent of buyers had a mailing address outside of Canada, and most of those were U.S. addresses.
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Tight inventory heats up Westchester housing market
CLOSE Skip in Skip x Embed x Share VIDEOS: HOW THE HOUSING MARKET LOOKS Video: Housing market thriving in Westchester | 0:50 Houlihan Lawrence realtor Catherine DeFreitas talks about the housing market at an open house in Ardsley April 30, 2017. To better prepare for the competitive housing market, Reilly and Janjic got pre-approved for a $450,000 mortgage, Reilly said. Peter Carr/The Journal News 2 of 3 CLOSE Skip in Skip x Embed x Share VIDEOS: HOW THE HOUSING MARKET LOOKS Video: Tight inventory fast moving real estate market | 1:41 Joe and Katie Nash talk about their experience shopping for a home in a tight market. Prices inching upUntil recently, sales prices haven't budged in the region despite the heavy market activity. The combination of very high sales activity and low inventory made the market move unusually fast during the first quarter."read more visit us Markets
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