REMAX: Canadian Home Prices to Remain Stagnant for Remainder of 2023
Canada’s housing market is undergoing a significant shift as it faces some of the highest interest rates in decades. This
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Interest Rates
Interest Rate Aftermath: Canada’s Economy Unexpectedly Contracts in Second Quarter
Canada’s real GDP in the second quarter remained largely stagnant, showcasing the tangible impact of 475 basis points in interest-rate
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BC Premier Begs BoC For Interest Mercy: “Consider The Full Human Impact”
British Columbia’s Premier, David Eby, has taken a bold stance on the looming interest rate hike in September, expressing his
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US Existing Home Sales Dip 2.2% in July
In July, previously owned home sales saw a decrease of 2.2% to an annualized rate of 4.07 million units, marking
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Major Investments in Housing is the Only Way to Alleviate Canada’s Worsening Housing Crisis
Canada is confronting an escalating housing crisis. It’s not just statistics; the evidence is overwhelming— from the distressing surge in
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Jerome Powell Raises Rates by Another 25 Basis Points
As was widely expected, Federal Reserve Chair Jerome Powell raised borrowing costs by another 25 basis points, bringing the Federal
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Choke Points: The War on Inflation is Getting Pretty Selective
Inflation is too high, so central banks are raising interest rates to try and bring it down to tolerance, and
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Surge in Move-Up Buyers Boosts Canadian Housing Market Between BoC’s Rate Hikes
The Canadian residential property market witnessed a surge of activity in Q2 2023, driven by move-up buyers, according to a
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June Sees Slower Home Sales Growth Amid Bank of Canada’s Rate Hikes
In June, Canadian home sales experienced a 1.5% month-over-month increase as more properties were put up for sale, according to
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Macklem Is Now Realizing That Immigration Adds To Inflation
As expected, the Bank of Canada (BOC) raised its overnight rate by another 25 basis points, bringing the cost of
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