Canada’s national apartment vacancy rate fell 40 basis points to 4.7% in during the second quarter, breaking a streak of nine straight quarters of increases. However, a new report by Yardi Canada Ltd. also found the vacancy rate was 60 basis points above the 4.1% rate...
Canadian home sales in June edged up by 0.5% month-over-month and by 0.9% year-over-year, according to data from the Canadian Real Estate Association (CREA). This occurred as new listings fell back 1.3% on a month-over-month basis, marking a second straight decline....
A new survey has found one-third of Canadian mortgage holders expect to renew their home loans within the next 12 months, with two-thirds of those borrowers expressing anxiety about renewing at a higher interest rate. The survey, published by the nonprofit association...
Canadian real estate professionals are being challenged by a shaky economy and onerous compliance requirements, according to the newly published Ownright Operators Report. In a nationwide poll (excluding Quebec) of more than 1,000 real estate professionals, 67% of...
The Bank of Canada announced it is holding its overnight rate at 2.25%, with the Bank Rate remaining at 2.5% and the deposit rate at 2.20%, respectively. “Financial conditions have been volatile, reflecting daily developments in the Middle East and shifting market...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
