Mark Carney, who served as governor of the Bank of Canada from 2008 to 2013 and governor of the Bank of England from 2013 to 2020, has succeeded Justin Trudeau as Prime Minister of Canada. Members of Canada’s governing Liberal Party elected Carney this evening on the...
A real estate agent gets slammed for insulting a waiter, another agent seeks to oust Los Angeles’ mayor, and a huge hole that needs to be filled. From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 3-7. Miss: Comeuppance...
Detroit-headquartered Rocket Mortgage is withdrawing from the Canadian housing market. According to combined media reports, the company initially expanded to Canada in 2020 with a headquarters in Windsor, Ontario. Rocket Mortgage plans to complete its exit from the...
Municipal fees are driving up the costs of new home construction in Canada, according to the 2024 Municipal Benchmarking Study from the Canadian Homebuilders Association (CHBA). The study determined that municipal fees charged on new residential developments increased...
The European Central Bank (ECB) enacted a new round of 25 basis points interest rate cuts. The ECB’s interest rates on the deposit facility, the main refinancing operations and the marginal lending facility are being reduced to 2.50%, 2.65% and 2.90% respectively,...
A total of 4,037 homes were sold through the Toronto Regional Real Estate Board’s (TRREB) MLS System in February, a 27.4% year-over year decline. TRREB reported the drop in home sales occurred despite a 5.4% year-over-year increase in new listings within the MLS...
