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RE/MAX Canada Forecasts Softer Canadian Housing Market for the Fall

RE/MAX Canada Forecasts Softer Canadian Housing Market for the Fall

by Phil Hall | Sep 5, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Brokers and agents affiliated with RE/MAX Canada are predicting a softer housing market this fall due to the nation’s interest rate climate and lack of inventory. The newly published Fall Housing Market Outlook Report is forecasting that more than half of Gen Zs (55%)...
Aviva Canada Invests in Condo-Focused Fintech OneClose

Aviva Canada Invests in Condo-Focused Fintech OneClose

by Phil Hall | Aug 21, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Aviva Canada, the Toronto-headquartered property and casualty insurance group, has invested in OneClose Inc., a fintech that helps the owners of newly constructed Canadian condominiums save thousands of dollars in interim fees. Consumers who buy a newly built condo in...
Survey: Nearly Half of Canadians Have Regrets Over Their Mortgages

Survey: Nearly Half of Canadians Have Regrets Over Their Mortgages

by Phil Hall | Aug 17, 2023 | Current News & Events, International Real Estate News, Mortgage Information, Real Estate News, WRE News Exclusive

Nearly one-third of Canadian homeowners have fallen into despair over their mortgage situation, according to a new survey conducted by the Real Estate and Mortgage Institute of Canada (REMIC). In a poll of 1,000 Canadian adults, 34.1% of respondents said that “they...
Scotiabank Now Offering First Home Savings Account for New Buyers

Scotiabank Now Offering First Home Savings Account for New Buyers

by Phil Hall | Aug 16, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Toronto-headquartered Scotiabank has launched a tax-free First Home Savings Account (FHSA) designed to help Canadians purchase their first home. According to Scotiabank, the FHSA enables lets first-time homebuyers contribute up to $8,000 each year, with a maximum...

Mixed Picture in July for Canadian Housing Market

by Phil Hall | Aug 15, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Canada’s home sales dipped by 0.7% month-over-month in July, even though number of newly listed properties rose 5.6% month-over-month and sales were up in more than half of all local markets. According to data from the Canadian Real Estate Association (CREA), a...
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