by REM Editorial Team | Dec 19, 2023 | News
With interest rates and inflation rising high over the last few years, Canadians have gone through some tough times — to the point that many are holding their real estate plans, whether buying or selling. Although the Bank of Canada announced its final rate hold of...
by REM Editorial Team | Nov 3, 2023 | News
Canada’s housing market has been pretty quiet over the last several months, thanks to high prices and interest rates. As shared by BNN Bloomberg, Re/Max Canada’s president, Christopher Alexander, believes this will continue until 2024, with some markets performing...
by REM Editorial Team | Oct 26, 2023 | News
Since March of last year, the Bank of Canada has raised interest rates an unprecedented nine times. Not only that, but the rates themselves have swung from historic lows to a 20-year high. Resulting monthly expenses have been just too steep for many mortgage holders....
by REM Editorial Team | Oct 25, 2023 | News
We saw lower inflation numbers last month, which could lead to a better situation for home buyers – despite widespread concern over another interest rate hike today from the Bank of Canada. As of now, the overnight lending rate is at 5 per cent, a high of many years,...
by REM Editorial Team | Oct 24, 2023 | News
A survey conducted by WealthRocket found that if the Bank of Canada raises interest rates again, over one-third (35 per cent) of Canadian mortgage holders will have to make a financial situation change, which could include housing and employment. Big changes...
