Browse Category

US & Canada

real estate investors
Luke Babic CEO at Clever Real Estate (Credit: Clever Real Estate)

Nine in 10 residential real estate investors lost money on a single investment

A whopping 90% of real estate investors have lost money on an investment, with nearly half (42%) reporting losing more money than they’ve made in real estate investing, according to new research from Clever Real Estate. Further, nearly half of investors (42%) have lost $200,000 or more on a single investment. Alarmingly, 45% admit a…

Read More
home ownership
(Credit: Pixabay)

Gen Zers experience significant barriers to homeownership

A new survey from St. Louis-based Clever Real Estate found that 60% of Gen Z worry they might never own a home, with nearly all adult Gen Zers (98%) citing significant barriers to homeownership. The primary obstacles cited by Gen Z include the high cost of homes (50%) and steep interest rates (31%). Currently, 61%…

Read More
office buildings US
Daytime View of the 1740 Broadway Building in New York City from another Tower (Credit: Raygeorge, CC BY-SA 3.0, via Wikimedia Commons)

Opportunistic buyers snag U.S. office buildings for steep discounts

Commercial real estate bargain hunters snap up aging office buildings in the U.S. for steep discounts of as much as 70%, a sign of the pain in the property market, The New York Times reported. Earlier this month, two real estate firms paid less $50 million for Midtown Manhattan tower, according to Bloomberg. In April, Yellowstone…

Read More
Phil Soper, president and chief executive officer, Royal LePage (Credit: Korby Banner)

Insufficient income keeps aspiring homeowners in Canada on the sidelines

Most Canadian renters can’t afford to buy a home, according to a recent Royal LePage survey, conducted by Hill & Knowlton. The renters report showed that 27 per cent of Canadians who currently rent their home say they plan to purchase a property in the next two years. Among those aged 18 to 34, that…

Read More
Ametica hoysing
Orphe Divounguy, senior economist at Zillow (Credit: Zillow)

America’s chronic housing shortage worsens

The U.S. is now short 4.5 million homes as the housing deficit grows, according to a new analysis from Zillow. This deepening housing deficit is the root cause of the housing affordability crisis, now exacerbated by stubbornly high mortgage rates. “The simple fact is there are not enough homes in this country, and that’s pushing…

Read More

U.S. Rents Fall for 10th Month Straight

In May, rents across the U.S. fell for the tenth consecutive month, though the pace of the decline has slowed since earlier this year, according to the Rental Report. The median asking rent nationally for 0-2 bedroom units decreased by -0.7% ($13) from May of last year to $1,732, and declined across all size…

Read More
Montreal Home Sales
Charles Brant, QPAREB Market Analysis Director (Credit: QPAREB)

Montreal sees sales of homes rising in May

Montreal-area home sales ticked up in May, with levels slightly higher than the historical average for this time of year, the Quebec Professional Association of Real Estate Brokers (QPAREB) said. Residential sales in the Montreal Census Metropolitan Area (CMA) territory totalled 4,563 transactions last month, up 4 per cent, or 158 transactions, on an annual…

Read More
real estate deloitte
Jim Eckenrode, managing director, Deloitte Center for Financial Services (L), Monica O'Reilly, Vice Chair, US Financial Services Industry Leader, Deloitte & Touche LLP (R) (Credit: Deloitte)

Deloitte FSI Predictions: What’s on the horizon for real estate?

Outlining some of the most significant emerging trends across banking and capital markets, insurance, investment management, and real estate, over the next three to five years, Deloitte has published its 2024 Financial Services Industry Predictions report. The consultancy predicts retail investors may soon rely on Generative AI for financial investment advice and Generative AI is…

Read More
Doug Duncan, Fannie Mae Senior Vice President and Chief Economist (Credit: Fannie Mae)

U.S. housing activity to slow through 2024 amid high mortgage rates

USA: The higher rate environment is projected to dampen U.S. housing activity this year, according to the Federal National Mortgage Association, also known as Fannie Mae. In its latest forecast, the Fannie Mae Economic and Strategic Research (ESR) Group expects overall economic growth to slow and mortgage rates to end the year near 7 percent.…

Read More
C.A.R. President Melanie Barker (Credit: LinkedIn)

California’s housing market rebounds in spring 2024

USA: Spring homebuying season kicked off with encouraging start in California, as sales in April rose on both a monthly and yearly basis, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said. Meanwhile, the statewide median home price exceeded $900,000 for the first time ever, setting a new record-high. Existing, single-family home sales totaled 275,540 last month…

Read More