by REM Editorial Team | Sep 26, 2023 | News
Housing affordability is a hot-button issue for Canadians as sky-high interest rates coupled with limited inventory make owning a home unattainable for so many. According to CREA, the benchmark price for a home in Canada reached $757,600 in August, compared to...
by REM Editorial Team | Sep 26, 2023 | Boards & Associations, News
The commercial real estate market in the Lower Mainland witnessed a significant downturn in the second quarter (Q2) of 2023, with year-over-year declines in both sales and dollar volumes, according to a report from the Real Estate Board of Greater Vancouver (REBGV)....
by REM Editorial Team | Sep 25, 2023 | News
Vancouver and Toronto, Canada’s largest real estate markets, have seen a significant shift in housing market risk, according to the latest UBS Global Real Estate Bubble Index for 2023. This year’s report indicates the cities are no longer in the bubble...
by REM Editorial Team | Sep 25, 2023 | Boards & Associations, News
Canadian real estate is feeling the heat as the Bank of Canada, responding to spikes in inflation and a resurgent spring market, has pushed mortgage rates to a 15-year high. This shift in monetary policy direction has triggered ripple effects on home sales and the...
by REM Editorial Team | Sep 25, 2023 | News
Engel & Völkers is expanding its presence in Toronto with the opening of its first downtown brokerage. Engel & Völkers Toronto City, located near King and Church Street, will serve downtown Toronto, The Beaches, Leslieville, Riverdale, Bloor West Village and...
