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The housing market experienced a brief slowdown during the onset of the pandemic, especially for condos in larger cities. [45] In response to the pandemic, the Bank of Canada slashed interest rates three times in one month [46] and reduced the mortgage "stress test" rate, which enabled buyers to qualify for slightly larger mortgages. [47]
The last bastion of the housing market faltered last month. Sales of newly built homes decreased 8.7% to a seasonally adjusted rate of 675,000 units last month from the revised July rate of ...
Market activity will vary across the US Nationally, many economists call for home prices to rise between 2% and 4% next year, around historical averages. But the strength of the housing market is ...
The housing market is starting to crack—Sellers are cutting prices at record levels as ‘You can no longer price based off of where sales were’ Sydney Lake November 6, 2023 at 2:12 PM
Nearly two-thirds of US home sellers think it's a great time to sell, according to a gauge on housing confidence. This was offset by 83% of buyers who said it was a bad time to buy.
Kitchener is located in Southwestern Ontario, in the Saint Lawrence Lowlands. This geological and climatic region has wet-climate soils and deciduous forests. Situated in the Grand River Valley, the area is generally above 300 m (1,000 ft) in elevation. Kitchener is the largest city in the Grand River watershed and the Haldimand Tract.
On January 1, 1948, John Motz changed the name of the newspaper once again, to The Kitchener-Waterloo Record (to mark the occasion of Waterloo's designation as a city), a name which remained until the change to The Record, in 1994. During this period the 24-page press would be replaced first by a 48-page press in the 1950s, a 96-page press in ...
Mortgage rates declined throughout December, luring more buyers back to the market. They're competing over stubbornly low inventory. Housing: Bidding wars erupt as 2024 kicks off, with some ...