by Daniel Foch | Jan 17, 2024 | Boards & Associations, Columnists
The recent history of Canadian real estate has been full of surprises. In 2022, we saw the biggest price drop in Canadian history. In 2023, we followed that up with the strongest spring market in Canadian history when measured by price growth from January to May. We...
by REM Editorial Team | Jan 15, 2024 | News
During Q4 of 2023, the aggregate Canadian home price increased 4.3 per cent year-over-year to $789,500, Royal LePage reports in its House Price Survey. Quarter-over-quarter, the national aggregate home price decreased by 1.7 per cent, which illustrates that higher...
by REM Editorial Team | Jan 11, 2024 | Boards & Associations, News
While the Metro Vancouver housing market ended 2023 with some resilience and balance, this was among the backdrop of decade-high borrowing costs. “You could miss it by just looking at the year-end totals, but 2023 was a strong year for the Metro Vancouver housing...
by Daniel Foch | Jan 5, 2024 | Boards & Associations, Columnists
Since the peak in 2022, Toronto’s real estate market has been in a funk. Over that period of time, we’ve seen a few key themes emerge: A decrease in price, which later stabilized into a sideways market with typical seasonal patterns A decrease in sales, which has...
by REM Editorial Team | Dec 21, 2023 | News
Buyer uncertainty and less affordability were two main themes of this year’s housing market, much in part due to the Bank of Canada’s interest rate hikes. Inventory increased to more usual levels across the country but, at the same time, sales slowed down. But, with...
