Despite affordability challenges, a quarter of Canadian renters plan to get a foot on the property ladder in the next two years 27% of renters say they are planning to buy a property within the next two years Among those who expect to continue renting, insufficient income noted as greatest hurdle to home ownership amid […]
Monthly Archives: June 2024
After holding the overnight lending rate at a two-decade high of 5% for 11 months, the Bank of Canada has reduced its policy rate. In its pre-scheduled announcement for June, Canada’s central bank reduced the target for the overnight rate by 25 basis points to 4.75%. Though inflation remains slightly above the BoC’s target rate […]
Waterloo Region Sees Dip in Home Sales Due to Sluggish Condo Market WATERLOO REGION, ON (June 5, 2024) —In May, a total of 742 homes were sold via the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR). This represents a decrease of 8.1 per cent compared to the same period last […]
Desire for lower living costs, closeness to nature, have urban dwellers considering relocation to a more affordable Canadian city Quebec City and Edmonton top choices for relocation; cost of living and proximity to nature among driving factors Highlights: TORONTO, May 29, 2024 – According to a recent Royal LePage survey of Canadians living in the greater […]
Despite rising inventory levels, many of Canada’s homebuyers have remained on the sidelines this spring, resulting in more balanced, less feverish market conditions this past month. According to the latest market report from the Canadian Real Estate Association (CREA), home sales across Canadian MLS Systems dropped 1.7% month-over-month in April, 2024. Actual monthly activity came […]
Alasdair Douglas 