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Report: Inflation and Housing Market Woes Continue to Burden Canada’s Economy

Report: Inflation and Housing Market Woes Continue to Burden Canada’s Economy

by Phil Hall | Apr 12, 2023 | International Real Estate News, News/Current Events, WRE News Exclusive

Inflation is still weighing down Canada’s economy while the nation’s housing market remains in a rut, according to new research from The Conference Board of Canada. “Higher mortgage rates have slowed residential demand and, unsurprisingly, the resale market has...
Montreal Home Sales Down 28%

Montreal Home Sales Down 28%

by Phil Hall | Apr 11, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Fewer people were buying homes in Montreal last month, according to data from the Quebec Professional Association of Real Estate Brokers (QPAREB). There were 3,947 residential sales in the Montreal Census Metropolitan Area (CMA) in March, down 28% year-over-year....
Sales and Prices Up in Toronto’s Housing Market

Sales and Prices Up in Toronto’s Housing Market

by Phil Hall | Apr 5, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The housing market for the Greater Toronto Area (GTA) tightened last month, according to new data from the Toronto Regional Real Estate Board (TRREB). GTA realtors reported 6,896 sales through TRREB’s MLS System in March, down 36.5% from one year ago when there were...
US Ranks Among Third Lowest Countries for Homeowners Without Mortgages

US Ranks Among Third Lowest Countries for Homeowners Without Mortgages

by Phil Hall | Apr 3, 2023 | International Real Estate News, News/Current Events, U.S. Housing Market, WRE News Exclusive

When it comes to homeownership, the U.S. ranks in the bottom third percentage of countries where households own their residences without the burden of a mortgage. According to a Forbes report, the Organization for Economic Co-operation and Development (OECD) published...
Questrade Launches Product for First-Time Canadian Homebuyers

Questrade Launches Product for First-Time Canadian Homebuyers

by Phil Hall | Apr 3, 2023 | International Real Estate News, News/Current Events, WRE News Exclusive

Toronto-based Questrade Financial Group has debuted its tax-free First Home Savings Account (FHSA) designed to help Canadian first-time home buyers to save up to $40,000 towards their first home, withdraw it tax-free and use for their home purchase. According to the...
Most UK Homeowners Fear They Will Not Make Their Mortgage Payments

Most UK Homeowners Fear They Will Not Make Their Mortgage Payments

by Phil Hall | Apr 3, 2023 | International Real Estate News, News/Current Events, WRE News Exclusive

A majority of UK homeowners with mortgages are concerned that they will not be able to meet their monthly payments in the near future, according to the newly published “UK Mortgage Holders Consumer Research Report 2022” report from ResearchAndMarkets.com....
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