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...
by REM Editorial Team | Jun 12, 2024 | News
Last month, 36 per cent of Greater Toronto Area (GTA)’s neighbourhoods were in overbidding territory, which declined for the second month in a row, after being at 39 per cent in April and 43 per cent in March, Wahi reports. A year ago, it was significantly higher at...
by REM Editorial Team | May 14, 2024 | News
Last week, Canada Mortgage and Housing Corporation (CMHC) released its 2024 Mortgage Consumer Survey which showed affordability and rising interest rates continue to be some of the biggest factors affecting mortgage consumers. In January, CMHC surveyed almost 4,000...
