Descrease article font size Increase article font size Sales of new U.S. single-family homes rebounded in November after being depressed by hurricanes in the prior month, but rising mortgage rates could hamper sales next year. New home sales jumped 5.9% to a seasonally adjusted annual rate of 664,000 units last month, the Commerce Department’s Census…
A new report says August rental rates fell in some of Canada’s largest and priciest markets to continue a months-long trend, while prices rose in smaller markets. The report from Rentals.ca and Urbanation finds the average Vancouver rental rate was down six per cent from last year to $3,116 for the ninth straight month of…
Despite recent interest rate cuts, the Canadian real estate market remained slow this summer. This has prompted some in the industry to call for an end to the stress test – a tool that determines whether a person can qualify for a mortgage. But would it be a good idea? Christopher Alexander, president of Re/Max…
Rents are up nationally, but there is some good news for renters — the rate of growth is the slowest it’s been in 31 months. Average asking rents for all residential property types in July were up by 5.9 per cent compared with this time last year, the National Rent Report from the website Rentals.ca…
