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Survey: One-Quarter of Canadians Actively Saving for Home Purchase

by Phil Hall | Sep 3, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Two in 10 Canadians (16%) said they be more comfortable with the real estate market if the Bank of Canada cuts its lending rate by more than 100 basis points by the end of the year, according to a new survey conducted by Leger on behalf of RE/MAX Canada. The survey,...
Chartwell Retirement Residents Acquires 3 British Columbia Properties for $226.9 Million

Chartwell Retirement Residents Acquires 3 British Columbia Properties for $226.9 Million

by Phil Hall | Aug 30, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Chartwell Retirement Residences (TSX: CSH.UN) (OTCMKTS: CWSRF), Canada’s largest provider of senior housing, has acquired three retirement residences on Vancouver Island for an aggregate purchase price of $226.9 million. The three properties have a combined total 384...
Police: Suspect in Toronto-Area Realtor’s Murder Fled to Hong Kong

Police: Suspect in Toronto-Area Realtor’s Murder Fled to Hong Kong

by Phil Hall | Aug 30, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canadian police have confirmed the suspect in the murder of a Toronto-area realtor has left the country and is now in Hong Kong. GlobalNews reported Zhixiong Marko Hu left Canada on Aug. 12, the day that the burned remains of Yuk-Ying (Anita) Mui were discovered in...
Suspect in Toronto-Area Realtor’s Murder Believed to Have Fled Canada

Suspect in Toronto-Area Realtor’s Murder Believed to Have Fled Canada

by Phil Hall | Aug 29, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A suspect in the murder of a Toronto-area real estate agent may have already fled the country. CTV News reported that Zhixiong Marko Hu was wanted for first-degree murder in the death of Yuk-Ting (Anita) Mui, whose burned remains were found on Aug. 12 after she was...

Mortgage Payments Account for Three-Quarters of Canadian Credit Debt

by Phil Hall | Aug 27, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Roughly three-quarters of Canadian credit debt consists of mortgage payments, according to TransUnion Canada’s Q2 2024 Credit Industry Insights Report. The new report found Canada’s total credit debt grew by 3.2% year-over-year to a record $2.41 trillion. Mortgage...
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