by REM Editorial Team | Aug 4, 2023 | News
Canadian housing prices have experienced a slight decline due to rising interest rates, but experts assert that the market remains on a long-term upward trend, indicating no imminent freefall in sight. According to the seventh annual Price per Square Foot survey...
by REM Editorial Team | Jul 25, 2023 | News
The Teranet-National Bank Composite House Price Index (HPI) jumped 2.2 per cent in June, marking not only the third consecutive monthly rise but also the most significant price jump in a single month since November 2006. Broad-based growth: 81% of cities see...
by REM Editorial Team | Jul 19, 2023 | News
Existing homeowners across Canada have been the driving force behind the country’s housing market gains, as move-up buyers took advantage of the temporary pause in interest rate hikes by the Bank of Canada (BoC) in the first half of the year. According to...
by Daniel Foch | Jul 17, 2023 | Columnists
The quarterly number of homes sold in Canada just increased for the first time since 2021. Transactions in June 2023 came in 4.7 per cent above June 2022 — the largest jump in two years, according to CREA’s June data. Perhaps the resurrection in...
by REM Editorial Team | Jul 14, 2023 | News
Royal LePage is updating its price forecast for 2023, again to reflect the surprising strength of Canada’s real estate market and the price appreciation witnessed in the first half of the year. In a report released Thursday, the company shared its prediction of...
