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...
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...
