by REM Editorial Team | Aug 1, 2024 | News
The Bank of Canada (BoC) lowered its benchmark rate for the second time in two months on July 24. With government bond yields also dropping, current mortgage rates have hit their lowest point in 17 months. Though some expect these lower rates to stimulate the real...
by REM Editorial Team | Jun 20, 2024 | News
Nearly one-third of Canadians now live in rental accommodations, with the trend increasing as housing affordability remains a challenge. According to a recent Royal LePage survey, 27 per cent of current renters plan to purchase a property within the next two years, a...
by REM Editorial Team | Jan 11, 2024 | Boards & Associations, News
While the Metro Vancouver housing market ended 2023 with some resilience and balance, this was among the backdrop of decade-high borrowing costs. “You could miss it by just looking at the year-end totals, but 2023 was a strong year for the Metro Vancouver housing...
by REM Editorial Team | Oct 25, 2023 | News
We saw lower inflation numbers last month, which could lead to a better situation for home buyers – despite widespread concern over another interest rate hike today from the Bank of Canada. As of now, the overnight lending rate is at 5 per cent, a high of many years,...
by REM Editorial Team | Jul 6, 2023 | News
The Bank of Canada’s rate hike pause brought homebuyers some relief in the first quarter (Q1) of 2023. According to a report by RBC Economist Robert Hogue, the pause in monetary tightening stabilized mortgage rates and allowed for a correction in home prices,...
