by REM Editorial Team | Nov 27, 2023 | News
Canadian housing is in recessionary territory, CIBC reports, as it’s facing the biggest challenges since the country’s recession in 1991. In early 2021, unit sales hit a peak of 64,000 and are currently down by 45 per cent – 12 per cent below the pre-pandemic...
by REM Editorial Team | Sep 18, 2023 | News
There have been rumblings among realtors that the rising cost of owning a home and increasing mortgage rates could lead to panic selling among a number of homeowners, and a recent survey is shedding light on Canadians’ intentions to sell their properties. More...
by REM Editorial Team | Jul 19, 2023 | News
Existing homeowners across Canada have been the driving force behind the country’s housing market gains, as move-up buyers took advantage of the temporary pause in interest rate hikes by the Bank of Canada (BoC) in the first half of the year. According to...
by Daniel Foch | Jul 6, 2023 | Boards & Associations, Columnists
The spring market is over. This June, 7,481 homes sold on the Toronto Regional Real Estate Board’s MLS — 16.5 per cent more homes sold than last June. TRREB’s analysts mention that Toronto’s real estate market posted a relatively strong June market...
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...
