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 | Jul 13, 2023 | News
The average asking rent in Canada reached a record high of $2,042 in June, surpassing the previous record set in November by 0.9 per cent, according to the latest National Rent Report released by Rentals.ca and Urbanation. The report reveals average rents for all...
by REM Editorial Team | Jul 11, 2023 | News
The Bank of Canada’s June rate hike and the potential for another increase in July have elicited mixed reactions across local housing markets, according to early reports from real estate boards. RBC Economists Robert Hogue and Rachel Battaglia looked at the...
by REM Editorial Team | Jul 4, 2023 | News
The Canadian housing market has made a remarkable comeback, defying expectations of a housing correction, according to the Desjardins Canadian Residential Real Estate Outlook. Randall Bartlett, senior director of Canadian Economics, and Helene Begin, principal...
by Emma Caplan-Fisher | Jun 28, 2023 | News
The rental market sure is having a moment. Since the Bank of Canada’s interest rate hikes began last year, many prospective homebuyers have opted to rent instead. This demand boost, paired with constrained rental supply and already low vacancy rates, has created...
