Canada’s overstimulated economy is experiencing withdrawal from the end of low rates. Oxford Economics’ warned investors the country is already in recession. It’s expected to spend most of 2023 in recession, and will be a hit harder than its G7 peers. Highly indebted households and overpriced real estate shouldn’t expect much relief either. Elevated inflation…
Real Estate News
The latest real estate news can be found here! Stay up-to-date on the latest industry news, trends, and insights. Whether you’re a first-time homebuyer, a seasoned investor, or anyone in between, we’ve got the news that’s relevant to you.
They purchased homes right before the real estate downturn. Now, they’re struggling to close
A group of Ontario residents who purchased pre-construction homes in Brampton at the peak of the recent real estate frenzy say they’re now struggling to close on their deals because of a perfect storm of rising interest rates, falling home prices and stricter federal mortgage rules. CBC News spoke to eight people who bought homes…
Is Housing Inflation Slowing Down? Trends To Look For In 2023
| Newsday via Getty Images Key Takeaways Many factors contributed to the rapid rise in home and rent prices over the past few years. Because of the long process from building to selling homes, it takes time for housing inflation to slow down. The outlook for 2023 is cloudy, with many factors coming into play….
Pros and cons of investing in commercial real estate
Breadcrumb Trail Links Investors Investing in commercial real estate can be an effective way to mitigate a rising interest rate environment Condo and office towers fill the downtown skyline in Vancouver. Photo by Darryl Dyck/The Canadian Press files Article content Diversification is a key strategy for all investment portfolios, but it’s especially important for larger…
Local real estate heads see ‘return to normalcy’ in 2023
The head of the local real estate association said we’re seeing more of a balanced market, and there’s more interest being seen from potential buyers to at least explore moves The president of the Guelph and District Association of Realtors sees the local real estate market returning to normal next year. A recent survey by…
The Impact of Building Materials Shortages in 2023
The impact of COVID-19 led to a reduction in production and supply chain disruptions. Although it appears that the two-year-long shortage of building materials has subsided, for the most part, prices for a variety of components are still high. This will have an impact in 2023 on the construction industry and homeowners who wish to…
The PEI real estate market shows signs of cooling
New numbers from the Canadian Real Estate Association show Prince Edward Island’s housing market is starting to cool. The number of houses sold in November fell 13 per cent, compared to the same period in 2021. James Marjerrison, president of the PEI Real Estate Association, said he’s not surprised by the decrease. “I don’t find…
2023 Property Market Predictions: What Will Happen to UK Property?
2022 was a fantastic year in terms of capital appreciation, as house prices snowballed over the course of the year. The average house price in the UK as of October 2022 was £296,000. When compared to the average price of December 2021, £ 275,000, you can see that this is a sizeable level of growth….
LACKIE: Homebuyers waiting for bailouts need reality checks
Breadcrumb Trail Links Toronto & GTA ont columnists Published Dec 17, 2022 • 3 minute read 14 Comments Photo by James MacDonald /Bloomberg Article content The other day someone shared a real estate Reddit post written by a perplexed homebuyer wondering what to do now that their soon-to-be completed home was worth less than they…
Celebrating Another Award Win at the YM Liverpool Awards
2022 has been a fantastic year for RWInvest and our partners, and this train of success keeps on rolling with us achieving another award at the YM Liverpool Property and Business Awards last month. These awards celebrate the best of the property and business sectors within the Liverpool City Region, so winning one of these…