by REM Editorial Team | Oct 16, 2024 | Boards & Associations, News
The Canada Mortgage and Housing Corporation (CMHC) recently reported that Ottawa’s “population-adjusted construction is at its lowest level in nearly 10 years.” A City of Ottawa progress report shows that Ottawa is only at 22 per cent of its annual housing target at...
by REM Editorial Team | Oct 15, 2024 | Boards & Associations, News
Saskatchewan recorded 1,398 home sales in September, marking an 8.0 per cent increase from last year and 15 per cent above the 10-year average, the Saskatchewan Realtors Association (SRA) reports. This is the 15th consecutive month of above-average sales in the...
by REM Editorial Team | Oct 8, 2024 | Boards & Associations, News
Home sales in Metro Vancouver decreased by 3.8 per cent year-over-year in September, signaling that recent reductions in borrowing costs have yet to significantly boost demand, Greater Vancouver Realtors (GVR) reports. The region saw 1,852 residential sales in...
by REM Editorial Team | Oct 3, 2024 | Boards & Associations, News
Last month, the Calgary Real Estate Board (CREB) reported that climbing sales in higher price ranges couldn’t fully offset the decline in lower-priced homes. This led to 2,003 sales — 17 per cent below last year’s record. However, sales were still over 16...
by The Canadian Real Estate Investor Podcast | Sep 20, 2024 | Boards & Associations, Columnists
There’s an interesting pattern emerging in Canadian real estate: ever since the Bank of Canada’s first rate cut, home sales have increased as buyers get improved affordability, though still well below the long-term average. Price recovery is still yet to be found, and...
