by Daniel Foch | Jan 17, 2024 | Boards & Associations, Columnists
The recent history of Canadian real estate has been full of surprises. In 2022, we saw the biggest price drop in Canadian history. In 2023, we followed that up with the strongest spring market in Canadian history when measured by price growth from January to May. We...
by REM Editorial Team | Jan 15, 2024 | News
During Q4 of 2023, the aggregate Canadian home price increased 4.3 per cent year-over-year to $789,500, Royal LePage reports in its House Price Survey. Quarter-over-quarter, the national aggregate home price decreased by 1.7 per cent, which illustrates that higher...
by REM Editorial Team | Dec 21, 2023 | News
Buyer uncertainty and less affordability were two main themes of this year’s housing market, much in part due to the Bank of Canada’s interest rate hikes. Inventory increased to more usual levels across the country but, at the same time, sales slowed down. But, with...
by REM Editorial Team | Dec 19, 2023 | News
With interest rates and inflation rising high over the last few years, Canadians have gone through some tough times — to the point that many are holding their real estate plans, whether buying or selling. Although the Bank of Canada announced its final rate hold of...
by Jamie Burke | Dec 18, 2023 | Advice for Agents, News
The Fall 2023 Residential Mortgage Industry Housing Report from Canada Mortgage and Housing Corporation (CMHC) shows data that indicates an “increasing share of Canadians are struggling with their debt payments”. But that doesn’t mean Canadians are ready to talk...
