The European Central Bank (ECB) has announced its first interest rate cut in nearly five years, whittling down its key rate to 3.75% from the record high 4.0% level reached last September. “Based on an updated assessment of the inflation outlook, the dynamics of...
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...
