by REM Editorial Team | Jul 25, 2024 | News
Yesterday, the Bank of Canada lowered its overnight lending rate by 25 basis points to 4.5 per cent, the second consecutive rate cut this year. The Bank says that growth in the Canadian economy has picked up but is still below long-term potential and that our...
by REM Editorial Team | Jul 10, 2024 | Boards & Associations, News
Metro Vancouver home sales in June stayed below average, at 2,418 (19.1 per cent less than a year prior and 23.6 per cent below the 10-year seasonal average), with inventory climbing to levels not seen since spring 2019, Greater Vancouver Realtors (GVR) reports. “The...
by REM Editorial Team | Jul 8, 2024 | Boards & Associations, News
Last month, Calgary had 2,738 residential sales, 13 per cent less than last year’s record high, the Calgary Real Estate Board (CREB) reports. However, this is over 17 per cent more than long-term trends. “The pullback in sales reflects supply challenges in the lower...
by The Canadian Real Estate Investor Podcast | Jun 24, 2024 | Boards & Associations, Columnists
National home sales in Canada edged down 0.6 per cent month-over-month last month, with actual monthly activity coming in 5.9 per cent below May 2023 levels. On the other hand, sales activity remained below the 10-year average, as the number of newly listed properties...
by REM Editorial Team | Jun 18, 2024 | Boards & Associations, News
Saskatchewan reported 1,841 sales in May, which was a six percent year-over-year and 24 per cent long-term average increase, according to the Saskatchewan Realtors Association (SRA). The province also saw new listings go up, though strong sales are keeping inventory...
