by REM Editorial Team | Jan 25, 2024 | News
With a home supply shortage, increased interest rates and a high cost of living, owning a home is not in many Canadians’ foreseeable future. Thanks to fewer homes available for sale, interprovincial and international migration and other factors, competition between...
by REM Editorial Team | Jan 12, 2024 | News
Canada’s national benchmark price for homes hit its 2023 peak last June, at $760,600, before it made a downturn over the following five months, according to the Canadian Real Estate Association. Many of the country’s major markets have followed suit, including...
by REM Editorial Team | Dec 21, 2023 | News
Buyer uncertainty and less affordability were two main themes of this year’s housing market, much in part due to the Bank of Canada’s interest rate hikes. Inventory increased to more usual levels across the country but, at the same time, sales slowed down. But, with...
by REM Editorial Team | Nov 17, 2023 | News
Canada’s homeownership rate dropped from 69 per cent in 2011 to 66.5 per cent in 2021, Statistics Canada reports. However, homeownership rates in several provinces are higher than that. From personal preferences, age or generation to market conditions and available...
by REM Editorial Team | Nov 7, 2023 | News
Canadian homebuyers are getting some relief, as the national average home price dropped for the third consecutive month in September, to $741,400. Some local markets are seeing the same trend, including the GTA, Greater Vancouver, Montreal and Edmonton. However,...
