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...
by REM Editorial Team | Nov 8, 2024 | Boards & Associations, News
Home sales in Metro Vancouver jumped 31.9 per cent in October compared with the same month last year, according to Greater Vancouver Realtors (GVR). The real estate board says the strong sales are a sign buyers may be responding to lower interest rates. “To some...
by REM Editorial Team | Nov 4, 2024 | News
The latest data from RBC Economics suggests that, following October’s half-point rate cut, a second consecutive 50-basis-points reduction from the Bank of Canada is likely to land in December. The Big Five bank anticipates that further easing could gradually revive...
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 The Canadian Real Estate Investor Podcast | Oct 22, 2024 | Boards & Associations, News
The Canadian Real Estate Association (CREA) released its quarterly forecast on October 15 and, as it turns out, it’s a mixed bag. There’s cautious optimism as national home sales are expected to see a modest recovery, and interest rates are forecasted to drop...
