by Daniel Foch | Nov 18, 2024 | Columnists, News
The Canadian real estate market experienced a relatively large burst of momentum in October 2024, with home sales activity reaching its highest level since April 2022. For the first time since the Bank of Canada’s interest rate hikes, monthly home sales broke above...
by Susan Doran | Nov 18, 2024 | News
After much speculation as to whether the Toronto real estate market will be able to absorb the sea of condos that have popped up, it seems that—at least for now—the answer is no. Between unsold new development, assignment and resale inventory, condo supply in the...
by REM Editorial Team | Nov 14, 2024 | News
Homeownership is becoming a pipe dream for most Canadians, according to a new survey released by Habitat for Humanity Canada. Four in five Canadians now say that buying a home feels like a luxury, while 88 per cent of renters say the goal of owning a home in Canada...
by Mario Toneguzzi | Nov 13, 2024 | Boards & Associations, News
A newly designated provincial flood zone in Quebec has sparked concerns and anger across the real estate industry. The Quebec Professional Association of Real Estate Brokers (QPAREB) says the new zone affects 77,000 properties potentially impacting property values,...
by REM Editorial Team | Nov 13, 2024 | News
For the first time since July 2021, average asking rents for all residential property types in Canada saw an annual drop in October. According to the latest report from Rentals.ca and Urbanation, rents dropped 1.2 per cent compared to October 2023, bringing the...
by REM Editorial Team | Nov 12, 2024 | Announcements, Community
Revel Realty is expanding in the GTA, led by three former brokers from ReMax Hallmark First Group. Doug Gordon, Walid Dorani and Gino Spagnuolo will head the new Durham Region location for the Niagara Falls-based brokerage. The trio knows the area well, collectively...
