The Greater Toronto Area recorded 7,013 home sales in May, according to new data from the through the Toronto Regional Real Estate Board (TRREB). This represented a 21.7% drop from the 8,960 sales reported in May 2023. The drop in sales was seesawed with a rise in new...
The Bank of Canada reduced its main interest rate by 25 basis points to 4.75%, the central bank’s first rate cut in four years and the first rate cut this year enacted by a G7 nation. “With further and more sustained evidence underlying inflation is easing,...
Residential sales in the Vancouver metro market totaled 2,733 in May, a 19.9% decline from the 3,411 sales recorded one year earlier. According to data from Greater Vancouver Realtors, last month’s sales total was also 19.6% below the 10-year seasonal average for May...
FractIt, a Toronto-headquartered blockchain-based platform for fractional real-world asset ownership, has completed its pilot program involving the tokenizing of an Indian condominium valued at $235,000. FractIt offers fractional real estate ownership through...
The world’s major economies will continue to face rising house prices and diminished affordable homeownership opportunities in the near future, according to a Reuters poll of roughly 100 property analysts in the U.S., Canada, the U.K., Germany, India, Australia and...
One-third (32%) of Canadians are predicting that the Bank of Canada will begin to cut interest rates next week, while 42% are believe no cuts will be forthcoming. According to a survey of 1,500 Canadians conducted by Dye & Durham, two-thirds (65%) of Canadians...
