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How Will Another Rate Hike Impact Canadian Mortgage Holders?

How Will Another Rate Hike Impact Canadian Mortgage Holders?

by Phil Hall | Oct 20, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

More than one-third of Canadians with a mortgage will have to make changes to their financial situation — including housing and employment – if the Bank of Canada enacts another rate hike, according to a survey from the personal finance site WealthRocket. The survey...
Canadian Home Starts Up in September

Canadian Home Starts Up in September

by Phil Hall | Oct 18, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The trend in Canadian housing starts totaled 254,006 units in September, up 3.9% from 244,511 units in August, according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the monthly seasonally adjusted annual rate...
Yardi Offers Online Vendor Monitoring Platform in Canada

Yardi Offers Online Vendor Monitoring Platform in Canada

by Phil Hall | Oct 17, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate software developer Yardi announced that its VendorShield vendor management platform for property owners and managers is now available in Canada. VendorShield’s secure system has been modified to enable Yardi clients in Canada to enter their vendor...
Report: Change Immigration Policy to Fix Canada’s Construction Labor Shortages

Report: Change Immigration Policy to Fix Canada’s Construction Labor Shortages

by Phil Hall | Oct 16, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Labor shortages in the Canadian residential construction sector can be addressed through changes in the nation’s immigration programs, according to new research from The Conference Board of Canada done in collaboration with the Canadian Real Estate Association,...
Russia Threatens Finland Over Real Estate Confiscation Rules

Russia Threatens Finland Over Real Estate Confiscation Rules

by Phil Hall | Oct 13, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Russian foreign ministry issued a warning to the government of Finland over its announced plans to speed the confiscation of Russian-owned real estate within their country. According to a Reuters report, many Russians who own apartments and holiday homes in...
Q3 Canadian Home Prices Up 3.6% Year-Over-Year

Q3 Canadian Home Prices Up 3.6% Year-Over-Year

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

The aggregate price of a home in Canada during the third quarter increased 3.6% year-over-year, according to the newly published Royal LePage House Price Survey. On a quarter-over-quarter basis, the national aggregate home price dipped by 0.8%, which the survey’s...
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