Daily Market Update

by REP28 Jan 2015
Commission cuts to attract buyers the new way? 
High-tech real estate websites are now empowering consumers to shop for their dream homes on their own. As the internet transforms their industry, where does the real estate agent fit in? Finding out what's leading to this change of mentality in the full story here

Colliers: 2015 to be a good year from commercial real estate in Ottawa
According to a report from Colliers International, after a modest 2014 for the commercial real estate sector in Ottawa, things are starting to look up. “We think there’s going to be a lot of capital infusion into the Ottawa real estate market to reposition buildings, get tenants in place. Ottawa’s strong. It’s got a lot of big, attractive developments, we’ve got a huge infrastructure project (with light rail coming in 2018). I think 2015 is going to be a better year than 2014.” Find out more in the full story here

Prime Rate cut to spur growth, investment? 
And in a move that is sure to affect realtors and homebuyers, RBC Canada was the first major bank to cut their prime lending rate to 2.85 per cent, down from three per cent. But the 15 basis-point cut from Canada’s largest bank, reducing prime from three per cent to 2.85 per cent, was a surprise because it didn’t fully match the Bank of Canada’s 25-point reduction. Find out what this means in the full story here

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