by REM Editorial Team | Aug 17, 2023 | News
Canada’s housing starts trendline registered its second consecutive monthly increase in July. According to the Canada Mortgage and Housing Corporation (CMHC), the trend measure, which is a six-month moving average of the monthly seasonally adjusted annual rate...
by REM Editorial Team | Jul 25, 2023 | News
The Teranet-National Bank Composite House Price Index (HPI) jumped 2.2 per cent in June, marking not only the third consecutive monthly rise but also the most significant price jump in a single month since November 2006. Broad-based growth: 81% of cities see...
by Daniel Foch | Jul 13, 2023 | Columnists
The Bank of Canada delivered another 25 basis points to the economy Wednesday — increasing the central bank’s overnight rate to 5.0 per cent. This furthered a historic tightening in monetary policy that brought interest rates from record lows back to rates we...
by REM Editorial Team | Jun 28, 2023 | News
The Canadian housing market has experienced a “huge” second quarter (Q2), surpassing expectations with soaring home sales and average prices. However, economists at TD Economics are cautioning for a potential decline in sales during the latter half of...
by REM Editorial Team | Sep 28, 2022 | News
High inflation, rising interest rates, and overall economic uncertainty are driving factors in the expected decline of home sale prices this fall, according to a new report from Re/Max Canada. The national average residential sale price in Canada is expected to drop...
