by Jamie Burke | Dec 2, 2024 | Boards & Associations, News
The never-ending battle between supply and demand is a story well-known to those in real estate. And when it comes to the condo markets in Canada’s two largest cities, scales are heavily favouring buyers. According to a CIBC report, Ontario and B.C. are the biggest...
by REM Editorial Team | Nov 27, 2024 | News
Canada’s housing market is heading in two very different directions in 2025, depending on the type of home, according to a new report from CIBC. In their housing outlook for 2025, economists Benjamin Tal and Katherine Judge outline a tale of two markets: low-rise...
by REM Editorial Team | Apr 25, 2024 | News
The majority of Canadians (76 per cent) who don’t own property feel that entering the housing market is out of reach, according to a recent CIBC poll. However, over half (56 per cent) of this group are still optimistic and hold on to the homeownership dream — though...
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 | Nov 23, 2023 | News
This week, the federal government’s mid-year statement included housing costs. CIBC Economics reports that softer growth, higher interest rates and initiatives announced since the budget mean the updated deficit numbers aren’t as favourable in terms of fiscal...
