by REM Editorial Team | Jul 6, 2023 | News
The Bank of Canada’s rate hike pause brought homebuyers some relief in the first quarter (Q1) of 2023. According to a report by RBC Economist Robert Hogue, the pause in monetary tightening stabilized mortgage rates and allowed for a correction in home prices,...
by REM Editorial Team | Jul 6, 2023 | Boards & Associations, News
In June, the housing market in Calgary experienced a notable increase in apartment condominium sales, reaching a new total residential record of 3,146 sales, according to the latest data from the Calgary Real Estate Board (CREB). Despite being 23 per cent lower in...
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 | Jun 27, 2023 | News
Competition among homebuyers in the Greater Toronto Area (GTA) reached new heights last month as more neighbourhoods entered the realm of overbidding. According to a recent analysis by Wahi, 68 per cent of GTA neighbourhoods experienced overbidding in May, up from 57...
by REM Editorial Team | Jun 26, 2023 | Legal Issues
First-time homebuyers in Canada are increasingly concerned about their ability to afford the homes they desire due to financial constraints, according to a recent survey conducted by Environics Research on behalf of Sagen in collaboration with Royal LePage. The...
