by Daniel Foch | Jan 10, 2025 | Boards & Associations, Columnists
As we reflect on 2024’s market, I can’t help but draw parallels to another pivotal moment in Toronto’s real estate history: the dramatic correction of the early 1990s. Back then, Toronto experienced what many considered unthinkable: a six-year...
by REM Editorial Team | Jan 8, 2025 | Boards & Associations, News
2024 was a tough year in real estate, thanks to the higher interest rate environment and economic uncertainty, the Cornerstone Association of Realtors (CAR) reports, with 2024 sales totalling 10,210 transactions. This was similar to 2023’s levels but 26 per cent below...
by Daniel Foch | Dec 17, 2024 | Columnists
Canadian real estate had all of the hallmarks of a great comeback story. Interest rates are falling. House prices are down from the peak. Affordability is returning to the market. The government was throwing policy at the housing problem, despite warnings from the...
by REM Editorial Team | Nov 19, 2024 | News
With interest rates trending downward, there’s renewed optimism among sellers and buyers eyeing Canada’s picturesque ski destinations for their winter getaways. Royal LePage projects the average home price in popular ski regions to exceed $1 million over the next...
by Danny Kucharsky | Nov 8, 2024 | News
More sellers are cancelling their listings as they wait for interest rates to come down, according to economist Daren King of National Bank Financial Markets. In Ontario about 36 per cent of listings were cancelled in September, King says, far more than the 25 per...
