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...
by Daniel Foch | Sep 16, 2023 | Boards & Associations, Columnists
Once again, sales volume has continued to fall in Canadian real estate — although this time, it was probably to be expected. According to monthly statistics from CREA, national home sales declined 4.1 per cent month-over-month in August, which is...
by REM Editorial Team | Sep 15, 2023 | News
Toronto’s real estate landscape has been nothing short of tumultuous, as Desjardins economists shed light on the rollercoaster ride of housing prices in Canada’s largest city and where we could go from here. With soaring home prices during the pandemic...
