by Mario Toneguzzi | Dec 19, 2022 | News
The shifting housing market is a hot topic of conversation, especially for agents with buyers waiting for a significant drop in home prices before making moves. So, will the broader market continue to transition to more favourable conditions for buyers? According...
by REM Editorial Team | Dec 16, 2022 | News
QUICK HITS New national data from CREA shows home sales in Canada declined 3.3% month-over-month in November, while new listings were down 1.3%. Compared to November 2021, monthly activity declined nearly 40%, and the average home price was down 12%. According...
by Jordana Springgay | Dec 8, 2022 | News
With less than a month until Canada’s new foreign buyer ban goes into effect, the real estate industry is still waiting for details about the legislation and how it will be implemented. On Tuesday, Michael Bourque, CEO of the Canadian Real Estate Association,...
by Mario Toneguzzi | Dec 5, 2022 | News
Beginning in the new year, non-Canadians will be subject to a two-year ban on purchasing homes in Canada. Many have said it wouldn’t impact the real estate market as foreign buyers represent a small number of annual transactions. But the impact could be severe...
by REM Editorial Team | Nov 28, 2022 | News
Economic uncertainty and rising interest rates have sidelined many potential homebuyers and sellers. Prices are down, sales have slowed, and inventory remains low. The good news? Canada’s housing market may have already been through the worst of it, according...
