by James R.G. Cook | Nov 22, 2024 | Legal Issues
Cases arising from failed residential real estate transactions in a falling market reaffirm that buyers who breach purchase agreements may face significant financial repercussions. Often, buyers argue that sellers have failed to mitigate losses by not re-listing the...
by REM Editorial Team | Nov 20, 2024 | News
Canadian housing starts jumped 8 per cent in October, due largely in part to increases in the multi-family sector and single-detached, according to the national housing agency. Canada Mortgage Housing Corporation (CMHC) says the seasonally adjusted rate of housing...
by REM Editorial Team | Nov 19, 2024 | News
With interest rates trending downward, there’s renewed optimism among sellers and buyers eyeing Canada’s picturesque ski destinations for their winter getaways. Royal LePage projects the average home price in popular ski regions to exceed $1 million over the next...
by Daniel Foch | Nov 18, 2024 | Columnists, News
The Canadian real estate market experienced a relatively large burst of momentum in October 2024, with home sales activity reaching its highest level since April 2022. For the first time since the Bank of Canada’s interest rate hikes, monthly home sales broke above...
by Susan Doran | Nov 18, 2024 | News
After much speculation as to whether the Toronto real estate market will be able to absorb the sea of condos that have popped up, it seems that—at least for now—the answer is no. Between unsold new development, assignment and resale inventory, condo supply in the...
