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The Engel & Völkers News Brief: Friday, May 26, 2017

Friday, May 26th, 2017 at 12:30pm Engel Völkers

E&V News

$1.9M Will Buy You a Bit More Than a Dog House by Georgian Bay
National Post
For the love of dogs… This four-bedroom home comes with a kennel, but the commercial zoning means you’d have many home-based business options. Located in the Blue Mountains there are also lots of trails nearby.

Rise Above It All in This Shangri-La Condo in T.O. For $8,995,000
National Post
Toronto’s Shangri-La is one of the tallest buildings in the heart of the city, offering great views. And this three-bedroom condo is no exception.

Real Estate Firm Adding Virtual Reality to Every Office
MediaPost
Virtual reality may be noted for its gaming capabilities, but businesses are starting to look at it as a component of their business.

 

North America

Existing-Home Sales Slip 2.3 Percent in April; Days on Market Falls to Under a Month
National Association of REALTORS®
Stubbornly low supply levels held down existing-home sales in April and also pushed the median number of days a home was on the market to a new low of 29 days.

How Trump's Tax Reform Could Impact Homeownership — and Home Prices
Inman
The National Association of Realtors expands on its "reform isn't great for homeowners" position.

Real Estate Driving Economic Strength in Quebec City and Montreal
Mortgage Broker News
In its latest report, The Conference Board of Canada predicted that the trend of real estate driving economic strength in Quebec’s leading metropolitan markets will lead to sustained growth this year.

 

International 

Hong Kong Buyers Snap up Flats as Favourable Financing Takes Edge off Cooling Measures
Reuters
Thousands of people flocked to snap up flats in Hong Kong on Friday, lured by favourable financing terms offered by the city's No. 2 developer even as authorities fret over sky-high prices that a series of cooling measures has failed to dampen.

 

Luxury Living 

‘Designer Wellness’ Is Newest Status Symbol for Luxury Buyers
Mansion Global
Health gurus are getting involved in buildings from the ground up.

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