With more interest rate cuts "all but guaranteed" for the coming months, sales ticked up — though nominally — in August as would-be-homebuyers continued to hold out for lower rates, shows findings from the Canadian Real Estate Association's (CREA) August statistics report.“Despite some fledgling sig...| STOREYS
Since June, Canadians have witnessed three consecutive rate cuts, bringing the interest rate from 5% to 4.25%. And with more decreases expected for October and December, 2024 is set to be the 'year of rate cuts.'Even so, the policy interest rate remains higher than ideal, home prices also remain hig...| STOREYS
After a somewhat promising June, data from Canadian Real Estate Association's (CREA) July 2024 statistics report reveals housing market activity effectively stalled in July, despite the July 24 interest rate cut.In June, the "fledgling" market saw slight increases in month-over month sales, tighter ...| STOREYS
Learn what interest rate means in Canadian real estate, how it works in holding deposits and documents, and why it's important for a secure property transaction.| Storeys
After Toronto and Vancouver real estate boards posted striking year-over-year increases in home sales for October — 44% and over 30%, respectively — it appears they're not alone, as the Canadian Real Estate Organization (CREA) reported Friday that nationwide sales in October were the highest they've...| STOREYS