National Cottage Market Outlook
From a Canada-wide perspective, a flood of listings hasn’t hit the recreational property market this spring, and is unlikely to transpire this year. Despite the af...
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From a Canada-wide perspective, a flood of listings hasn’t hit the recreational property market this spring, and is unlikely to transpire this year. Despite the af...
APRIL 2024 HOUSING MARKET UPDATE
May 1, 2024
Price growth persists in Calgary as seller’s market prevails
Sales in April rose by seven per cent compared to last year, to 2,881 units. While the pace...
The Canadian housing market showed little change in March 2024, with home sales and prices remaining mostly flat. Sales activity recorded through Canadian MLS systems edged up by 0.5 percent month-over-month...
A public hearing on a proposed bylaw that could change the urban landscape of Calgary starts on Monday when citizens head to council chambers to voice their opinions about a possible citywide zoning change....
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
The Bank...
MARCH 2024 HOUSING MARKET UPDATE
April 1, 2024
March reflects strong seller's market and price increases
March sales rose to 2,664 units, a 10 per cent year-over-year gain and much higher than long-term...
Anyone expecting smooth sailing ahead for the housing market got a reality check in February. Month-to-month drops in home resales in several of Canada’s major markets were a reminder that very c...
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
Global economic...
FEBRUARY 2024 HOUSING MARKET UPDATE
March 1, 2024
Low inventory and high demand drive price gains in February
New listings continued to rise in February, reaching 2,711 units. However, the rise in new listings...
JANUARY 2024 HOUSING MARKET UPDATE
February 1, 2024
January sees strong sales fueled by boost in new listings
January sales rose to 1,650 units, a significant gain over last year's levels and long-term...
RE/MAX® has been voted the #1 Most Trusted Real Estate Agents in Canada by Canadian shoppers, year after year*, according to the 2024 BrandSpark® Canadian Trust Study.
The study is based on a national...
Rising lending rates have had a notable impact on the housing sector, prompting potential buyers to search for more affordable housing options. Simultaneously, some potential sellers have refrained from...
The Canadian real estate market is going through an adjustment period right now. After a couple of years of meteoric growth across the entire housing sector, conditions seem to be settling, the frenzy has...
DECEMBER 2023 HOUSING MARKET UPDATE
January 2, 2024
Strong migration and low supply drive Calgary housing prices in 2023
Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels...
Lawmakers across Canada have put a renewed focus on making housing more affordable, but experts predict chronic issues around pricing and supply will keep straining the country’s rental market in...
Should Canada’s banking regulators abandon the mortgage stress test?
In 2016, the Canadian government introduced the mortgage stress test as a vital tool to curb risks associated with mortgage lending,...
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
The global...
NOVEMBER 2023 HOUSING MARKET UPDATE
December 1, 2023
Increased listings, strong sales, and price growth.
New listings in November reached 2,227 units, nearly 40 per cent higher than the exceptionally low...