The majority of Canadian homebuyers are still happy to have a residence to call their own, despite the financial pressures they are shouldering. According to the 2023 Homebuyer Sentiment Survey published by the real estate marketplace Zolo, 93% of homebuyer...
The global real estate crowdfunding market reached $11.5 billion in 2022 and is being forecast to reach $161.8 billion by 2030 with a compound annual growth rate (CAGR) of 45.9%, according to a new report from Vantage Market Research. The report noted residential real...
The Appraisal Institute of Canada (AIC) announced the appointment of Donna Dewar as its new CEO. Dewar begins her new job today and will officially assume the role of CEO on Nov. 1. Dewar brings more than 20 years of experience in the nonprofit sector and...
The Canadian government is providing $107.5 million in low-interest loans through the Rental Construction Financing Initiative (RCFi) to build a 215-unit multifamily complex in Vancouver. The project is known as W42 and the government’s funding is part of a federal...
For the first time in nearly two years, the Bank of England paused its regimen of rate hikes. The central bank’s Monetary Policy Committee (MPC) voted 5-4 to maintain the Bank Rate at 5.25% – the dissenting members sought a 0.25 percentage point increase to 5.5%. The...
Canada’s home sales were down by 4.1% month-over-month in August, according to data from the Canadian Real Estate Association (CREA). On a year-over-year basis, sales were up but up 5.3%. The number of newly listed properties edged up 0.8% month-over-month while the...
Hits and Misses for the Real Estate Week of March 23-27
