by REM Editorial Team | Mar 11, 2025 | News
For the fifth consecutive month, average asking rents in Canada have dropped year-over-year, hitting their lowest level since July 2023. According to the latest Rentals.ca and Urbanation report, February saw a 4.8 per cent decline in rents compared to the previous...
by REM Editorial Team | Jul 25, 2024 | News
Yesterday, the Bank of Canada lowered its overnight lending rate by 25 basis points to 4.5 per cent, the second consecutive rate cut this year. The Bank says that growth in the Canadian economy has picked up but is still below long-term potential and that our...
by Daniel Foch | Nov 18, 2023 | Boards & Associations, Columnists
It seems that the interest rate reality is finally catching up to the Canadian housing market, with very few positive data points to report when it comes to home sales in October 2023, as the Canadian Real Estate Association reports. Sales up from 2022, down...
by REM Editorial Team | Oct 20, 2023 | Boards & Associations, News
British Columbia home sales have been hit by the interest rate hikes the Bank of Canada reignited in June. According to the British Columbia Real Estate Association (BCREA), the province’s average home price went up by 4.9 per cent last month, compared to September...
by REM Editorial Team | Oct 10, 2023 | Boards & Associations, News
Over the past few months, more sellers have entered the housing market, particularly in September with a surge of new listings in all major Canadian markets. This is thanks to several things, notably rising borrowing costs from higher interest rates, as the latest...
