by REM Editorial Team | Jul 31, 2024 | News
This year, the housing market has experienced slower-than-expected sales levels and a significant increase in property listings. Although this has helped stabilize prices in many markets, some still experienced notable price hikes, as a Zoocasa study of Canadian Real...
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 2, 2024 | News
In 2024, property tax rates in Canadian cities have fluctuated significantly, with St. John’s, Newfoundland, experiencing the highest increase at 9.64 per cent year-over-year, according to a study by Zoocasa. Meanwhile, Montreal saw the largest decrease, with property...
by REM Editorial Team | Jun 24, 2024 | News
The Bank of Canada (BoC)’s recent 25 basis point drop that lowered its key overnight lending rate to 4.75 per cent sparks the questions of if and when other rate drops will follow, and what the financial impact will be on the average five-year variable mortgage...
by REM Editorial Team | May 27, 2024 | News
One of the announcements in the federal government’s Budget 2024 was the capital gains inclusion rate being increased from 50 per cent to 66.7 per cent — something that will impact many secondary homeowners, like those who have a cottage. Effectively, this means that...
