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Bank of Canada Holds Interest Rate at 5% The Bank of Canada has held its benchmark interest rate at 5%, marking the fifth consecutive pause after a tightening campaign in 2023 aimed at easing high inflation. It appears to be working, with the inflation rate easing back to 2.9 per cent in January, however underlying…

Looking to diversify your commercial real estate portfolio? Now could be the moment to explore opportunities in Canada’s hospitality industry, particularly the hotel sector. After suffering huge losses due to travel restrictions and lockdowns during the COVID-19 pandemic, the hotel industry in Canada has notched a recovery that few thought was possible. When restrictions were…

The Prairies continue to offer Canadian homebuyers something they have been craving for a long time: Housing affordability. The Saskatchewan and Manitoba real estate markets are still enjoying low-priced residential properties, especially compared to other places in the Canadian housing industry. In Manitoba, for example, the average sales price for a home in November was…

Purchasing real estate is a huge step – regardless of which city. If you’re considering Lethbridge, it’s crucial to weigh the pros and cons of living there before purchasing real estate. Located in Southern Alberta, Lethbridge boasts beautiful local attractions, restaurants, and more. While there are plenty of good reasons to live in Lethbridge, there…

When you’re thinking about adding on to your home, good planning is key. You’ll need to tackle a few challenges head-on, like getting to know the zoning laws, setting a realistic budget, designing something that blends well with your house, and picking the right contractor for the job. By laying a solid foundation in the…

Paying property taxes is an essential responsibility for homeowners, as these funds support local government services and infrastructure. When it comes to managing property taxes, homeowners often face the decision of whether to pay them directly to the tax authority or through their mortgage lender. This choice can have significant implications for budgeting, convenience, and…

Will interest rates come down in 2024? This has been the million-dollar question for the Bank of Canada (BoC). For investors, it is almost certain that the central bank will start pivoting on monetary policy and pulling the trigger on rate cuts. Indeed, now that inflation is inching closer to the institution’s 2 percent objective…

Whether you’re a seasoned real estate investor looking to expand your portfolio or a first-time home buyer interested in income-generating assets, investing in rental properties can be a lucrative venture, providing a steady stream of income and potential long-term wealth. With the right strategy, you can uncover promising rental properties that align with your financial…

About the report This report includes data and insights about the Canadian housing market, provided by RE/MAX brokerages. RE/MAX brokers and agents are surveyed on market activity, local developments and trends. About Leger Leger is the largest Canadian-owned full-service market research firm. An online survey of 1,522 Canadians was completed between January 19 and January 22, 2024, using…

The Calgary real estate market is one of the most thriving aspects of the Canadian housing sector. Over the last year, the Calgary real estate industry has witnessed impressive gains, from growth in the condominium market to sufficient inventory levels to a high sales-to-new-listing ratio (SNLR). Indeed, the western Canada city has become one of…