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The Canadian real estate market showed significant recovery in October 2024, with home sales reaching their highest level since April 2022 and we hear from our host across the country for boots on the ground updates
Market conditions vary by region, with Edmonton and Montreal emerging as the hottest markets while Toronto's condo market faces challenges Key highlights:National average home price rose to $696,166, up 6% year-over-year Inventory levels dropped to 3.7 months nationally, the lowest in over a year Interest rate cuts from Bank of Canada (125 basis points) have helped boost market momentum Attend Our Real Estate Holiday Party
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We are joined by Alkarim Devani of RNDSQR & MDDL, to talk all things Missing Middle!
As the co-founder of RNDSQR for almost a decade, Alkarim demonstrated his vision through numerous projects, including hundreds of middle housing developments and mid-rise buildings with heritage...
Published 11/19/24
The breakdown on the most recent CMHC report
Shorter mortgage terms gain popularity as borrowers anticipate future rate cuts, with over half of new mortgages opting for shorter fixed-rate terms Canada faces significant risks with 1.2 million mortgages set to renew in 2025, potentially causing...
Published 11/15/24