Canada’s housing market hit a boiling point last year as homebuyers clambered for real estate in regions with significantly more demand than supply. But now that homeowners and buyers alike are feeling the pinch of rising interest rates and record inflation, the market appears to finally be simmering down. That, ...
Continue ReadingLast year was one for the real estate history books. The pandemic helped usher in a buying frenzy that led to a record number of home sales in 2021 and a historically-high rate of appreciation, as prices nationally rose by more than 20% year over year, according to the Canadian ...
Continue ReadingIn a July release, the Canadian Real Estate Association reported that home sales had fallen for three months in a row after reaching an all-time high in March.1 So could one of the world’s hottest real estate markets finally be headed for a downturn? We wouldn’t bet on it. That’s ...
Continue ReadingWhile many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last? When COVID-related shutdowns began in March, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to ...
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