by Mario Toneguzzi | Feb 16, 2024 | News
Real estate firm Engel & Völkers says mom-and-pop house flippers have entirely left the market, blaming rising costs from construction, interest rates, taxes and elevated housing prices. Those costs, which have cumulatively escalated in recent years, have...
by Anthony Marcusa | Feb 12, 2024 | News
The 2024 buying season kicked off early this year, as hopeful homeowners all across Canada looked to take advantage of an opportunistic environment for the first time since the early pandemic. With Bank of Canada interest rates holding for the fourth consecutive time,...
by REM Editorial Team | Feb 1, 2024 | Boards & Associations, News
We need more housing to accommodate Canadians, yet the country’s builders are increasingly worried about industry conditions and the fact that housing starts will be further inhibited this year, the Canadian Home Builders’ Association (CHBA) Housing Market Index (HMI)...
by REM Editorial Team | Jan 29, 2024 | News
Last month, underbidding in GTA’s market hit levels never seen before, with 98 per cent of the region’s neighbourhoods in the underbidding realm, an analysis from Wahi says. (122 of about 400 GTA neighbourhoods were evaluated since many didn’t have enough sales...
by REM Editorial Team | Jan 23, 2024 | Boards & Associations, News
In its 2024 Forecast Calgary and Region Yearly Outlook Report, released today, the Calgary Real Estate Board (CREB) reports the region’s housing market has been strongly impacted by rising interest rates as buyers look at other options and sellers hold off on listing...