by REM Editorial Team | Oct 20, 2023 | Boards & Associations, News
British Columbia home sales have been hit by the interest rate hikes the Bank of Canada reignited in June. According to the British Columbia Real Estate Association (BCREA), the province’s average home price went up by 4.9 per cent last month, compared to September...
by REM Editorial Team | Oct 18, 2023 | News
Despite the country’s astronomical need for housing, Canada is building fewer homes today than during the pandemic shutdown in April 2020 and still, the worst is yet to come, a recent study says. The Bank of Canada’s multi-year campaign of raising interest...
by Daniel Foch | Oct 14, 2023 | Boards & Associations, Columnists
House prices have eased as the national home sales declined by 1.9 per cent between August 2023 and September 2023, according to data from the Canadian Real Estate Association. This is now the third month of decrease, and a very atypical and alarming scenario given...
by Daniel Foch | Jul 13, 2023 | Columnists
The Bank of Canada delivered another 25 basis points to the economy Wednesday — increasing the central bank’s overnight rate to 5.0 per cent. This furthered a historic tightening in monetary policy that brought interest rates from record lows back to rates we...
by REM Editorial Team | Jul 12, 2023 | News
The Greater Toronto Area (GTA) experienced a slight decline in housing market competitiveness last month as the intensity of the spring market subsided. A recent analysis by Wahi shows 62 per cent of GTA neighborhoods were in overbidding territory in June, down from...
