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,...
by Kunal Sawhney | Apr 13, 2022 | Columnists
Discussions on the housing market focus primarily on prices and stakeholders including sellers, buyers and real estate agents. By this measure, the Canadian housing market may be in a golden period. The latest data suggests that over 58,000 houses found new owners in...
by Kunal Sawhney | Jun 23, 2021 | Columnists, Featured
Money is a limited resource. There is a reason why the Bank of Canada oversees the country’s monetary policy. If there’s enough liquidity in the market, people and businesses tend to borrow. Increased borrowing translates into spending and the resulting debt may turn...
