by REM Editorial Team | Jun 24, 2024 | News
The Bank of Canada (BoC)’s recent 25 basis point drop that lowered its key overnight lending rate to 4.75 per cent sparks the questions of if and when other rate drops will follow, and what the financial impact will be on the average five-year variable mortgage...
by REM Editorial Team | Jun 10, 2024 | News
High interest rates have impacted Canadians’ finances for quite some time, with 65 per cent saying lower interest rates will make a positive, meaningful impact on their financial well-being, according to Dye & Durham’s Canadian Pulse Report for Q2 2024. On June 5,...
by Brendon Ogmundson | May 31, 2024 | Columnists
“I am a patient boy, I wait, I wait, I wait, I wait …” This opening line to the classic 1988 punk-rock anthem Waiting Room, by Fugazi, expresses a sentiment currently felt across the Canadian housing market as we wait on the Bank of Canada. Indeed, there’s a...
by Anthony Marcusa | Feb 12, 2024 | News
The 2024 buying season kicked off early this year, as hopeful homeowners all across Canada looked to take advantage of an opportunistic environment for the first time since the early pandemic. With Bank of Canada interest rates holding for the fourth consecutive time,...
by REM Editorial Team | Jan 15, 2024 | News
During Q4 of 2023, the aggregate Canadian home price increased 4.3 per cent year-over-year to $789,500, Royal LePage reports in its House Price Survey. Quarter-over-quarter, the national aggregate home price decreased by 1.7 per cent, which illustrates that higher...
