by Mario Toneguzzi | Aug 23, 2024 | News
While there were early signs of renewed momentum in June following the Bank of Canada’s first interest rate cut since 2020, activity in Canada’s housing market took a pause in July, according to data released earlier this month by the Canadian Real Estate Association...
by The Canadian Real Estate Investor Podcast | Aug 19, 2024 | Boards & Associations, Columnists
Despite gaining momentum in June, after the Bank of Canada’s rate cut that month, activity in Canada’s housing market paused in July. Last month, home sales dipped 0.7 per cent on a month-over-month basis, reversing a small portion of June’s post-first rate cut gains....
by REM Editorial Team | Aug 14, 2024 | News
Between May and July, Calgary saw homes selling for above list price in over half of its neighbourhoods (54 per cent), marking a 13 per cent jump in overbidding since the first quarter of this year (41 per cent), Wahi reports. Clearly, homebuyers in the market haven’t...
by REM Editorial Team | Jul 12, 2024 | News
According to the Royal LePage House Price Survey released yesterday, the aggregate price of a home in Canada rose 1.9 per cent year-over-year to $824,300 in this year’s second quarter. Despite a slowdown in activity in Canada’s priciest markets, quarter-over-quarter,...
by REM Editorial Team | Jun 24, 2024 | News
The Bank of Canada (BoC)’s recent 25 basis point drop that lowered its key overnight lending rate to 4.75 per cent sparks the questions of if and when other rate drops will follow, and what the financial impact will be on the average five-year variable mortgage...
