by REM Editorial Team | Oct 31, 2024 | News
Calgary’s real estate market saw a significant decline in overbidding activity in this year’s third quarter (Q3), with only 10 per cent of neighbourhoods experiencing homes selling above asking, compared to 54 per cent in the second quarter, according to an analysis...
by The Canadian Real Estate Investor Podcast | Oct 23, 2024 | Columnists, News
This morning, the Bank of Canada (BoC) surprised the market by announcing a 50 basis point (bps) cut in its benchmark interest rate, bringing it down from 4.25 per cent to 3.75 per cent. As homeowners and potential buyers digest this news, the primary question on many...
by REM Editorial Team | Oct 23, 2024 | News
Canada’s luxury housing market stabilized in this year’s third quarter, with moderating growth in Toronto and Vancouver as the effects of population growth and declining mortgage rates offset a slowing economy and wavering consumer confidence. According to Sotheby’s...
by REM Editorial Team | Oct 18, 2024 | News
For the first time since March, the share of Greater Toronto Area (GTA) neighbourhoods experiencing overbidding has increased, signalling growing competition for single-family homes. According to a recent analysis from Wahi, 13 per cent of the 284 neighbourhoods with...
by REM Editorial Team | Oct 16, 2024 | Boards & Associations, News
The Canada Mortgage and Housing Corporation (CMHC) recently reported that Ottawa’s “population-adjusted construction is at its lowest level in nearly 10 years.” A City of Ottawa progress report shows that Ottawa is only at 22 per cent of its annual housing target at...