
High interest rates making Ontarians reconsider moving plans: survey
Nearly half of Ontarians have shifted their moving plans due to high interest rates, according to the results of a new survey.
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Nearly half of Ontarians have shifted their moving plans due to high interest rates, according to the results of a new survey.
A group of Silicon Valley billionaires led by former Goldman Sachs Group Inc. trader Jan Sramek have quietly bought up over $800 million worth of Northern California farmland to create a new city from scratch. But their vision of a sustainable utopia is drawing persistent opposition from locals who are fighting to preserve a rural way of life.
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Agents hustling to strike deals for homes in a tough Manhattan market are confronting another major hurdle as lawsuits crop up challenging commission structures.
Mortgage rates in the US dropped for the fifth straight week.
Feb 1, 2023
The Canadian Press
The Calgary Real Estate Board says January's new listings fell to a level not seen since the last 90s as home sales declined 40 per cent from the year before.
The Albertan board says new listings for the month amounted to 1,852, a 25 per cent drop from January 2022.
Meanwhile, home sales totalled 1,199 compared with 2,004 in the January prior.
The board attributed the slowdown to higher lending rates that are causing many buyers to seek out lower-priced homes and preventing some from upgrading to other properties.
The average price of a home in the region hit $508,189 in January, a less than one per cent drop from a year ago.
However, the benchmark price of $520,900 was five per cent higher than January 2022.
This report by The Canadian Press was first published Feb. 1, 2023.