Monday, 12 August 2024

Market Media Monday for August 12, 2024

A curated list of recent headlines relevant to real estate in Canada, with short excerpts. Click each headline link to read the full article on the source site.

[ Is it better to buy or rent? An expert shares her insights ]
"With increased supply outpacing demand, prices are lower in some markets, which gives buyers an edge, Reddy said. It could be time to take advantage of the buyer's market."

[ Why Canada’s cottage country has changed forever and the Home the Week ]
When you think about Canada’s cottage country, your mind wanders to natural landscapes, a cottage dock jutting into serene waters, bordered by lush forests with the call of loons emanating from somewhere distant. But there’s a looming profanity in paradise, writes Sam Riches, in the form of short-term rentals.

[ Stalled jobs market paves way for Bank of Canada to keep cutting interest rates ]
Canada’s unemployment rate held steady at 6.4 per cent and the economy shed about 2,800 jobs in July, a soft monthly reading that economists said paved the way for continued interest rate cuts by the Bank of Canada.

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