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...
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...
