by REM Editorial Team | Jul 11, 2023 | News
The Bank of Canada’s June rate hike and the potential for another increase in July have elicited mixed reactions across local housing markets, according to early reports from real estate boards. RBC Economists Robert Hogue and Rachel Battaglia looked at the...
by REM Editorial Team | Jul 6, 2023 | News
The Bank of Canada’s rate hike pause brought homebuyers some relief in the first quarter (Q1) of 2023. According to a report by RBC Economist Robert Hogue, the pause in monetary tightening stabilized mortgage rates and allowed for a correction in home prices,...
by REM Editorial Team | Jul 4, 2023 | News
The Canadian housing market has made a remarkable comeback, defying expectations of a housing correction, according to the Desjardins Canadian Residential Real Estate Outlook. Randall Bartlett, senior director of Canadian Economics, and Helene Begin, principal...
by REM Editorial Team | Jun 28, 2023 | News
The Canadian housing market has experienced a “huge” second quarter (Q2), surpassing expectations with soaring home sales and average prices. However, economists at TD Economics are cautioning for a potential decline in sales during the latter half of...
by Cindy Freiman | Nov 9, 2022 | News
There is an immediate concern about payment shock for Canadians in variable-rate mortgages and future unease for fixed-rate borrowers at mortgage renewal due to high inflation resulting in increased interest rates. The Bank of Canada (BoC) raised its overnight rate...