The Office of the Superintendent of Financial Institutions (OSFI) has recently published its Annual Risk Outlook for 2024, which included some noteworthy insights. OSFI projects that by..
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May 2024 Manitoba Real Estate Update
In May 2024, Manitoba’s real estate market continued its robust performance, recording 1,883 home sales through MLS® Systems—an increase of 14.5% from May 2023. This marks the..
Proposed Rezoning for Twin Rental Tower Rental Project in Vancouver
Nicola Wealth Real Estate has submitted a proposal to the City of Vancouver for a twin rental tower project at 2111 Main Street in the Mount Pleasant..
Time to reset the narrative on housing
Despite the desperate need for new housing, many developers have been forced to put projects on hold because crippling taxes, fees and levies have made housing unaffordable..
BCREA Economics Commercial Leading Indicator Update
The British Columbia Real Estate Association (BCREA) Economics Commercial Leading Indicator (CLI) update was released on May 29, 2024. In the first quarter of 2024, the BCREA’s..
2024 Re/Max Commercial Real Estate Report Highlights Key Trends
A 2024 Re/Max Canada Commercial Real Estate Report was recently released. It analyzed 12 markets nationwide in Q1 2024, identifying 13 key trends. Notably, there was a..
CMHC Residential Mortgage Industry Report Findings
The Canadian Mortgage and Housing Corporation (CMHC) released its Residential Mortgage Industry Report at the end of May. According to the report, during the pandemic, many mortgage..
Bank of Canada Policy Rate Change – June 5, 2024
On June 5, 2024, the Bank of Canada announced its decision to lower its policy rate by 0.25%, bringing it to 4.75%. This adjustment also affected the..
Agricultural Land Investments and Renting
Over the past three decades, the price per acre of Canadian farmland has surged by over 800%, reaching an average of around $4,500. In key regions like..
Supply and Demand: Population Growth Snapshots and Insights
There has been a lot of attention on Canada’s population growth recently; in a May 2024 Edge Realty Analytics report, there are some insights on potential future..