Check out Royal LePage® recent ‘Million Dollar Property Report’. The new report examines what a budget of approximately $1 million – give or take $50,000 – can buy in Canada’s major housing markets! Highlights On average, a $1 million property in Canada has 3.2 bedrooms and 2.1 bathrooms, while a $2 million property has 3.7…
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up noticeably on a month-over-month basis in December 2023. Highlights: National home sales jumped 8.7% month-over-month in December. Actual (not seasonally adjusted) monthly activity came in 3.7% above December 2022. The number of newly listed properties dropped 5.1% month-over-month. The…
None of us have a foolproof crystal ball. If we did, we might all have bet on Sidney Crosby scoring the golden goal in 2014 and cashed out with some big bucks! When it comes to real estate markets and what we might see over the next few years, history can generally provide some great…
Royal LePage just released its National House Price Survey for the 3rd Quarter of 2023. For Greater Vancouver it reports the aggregate price of a home remained relatively flat year over year, increasing just 0.1 per cent to $1,251,900 in the third quarter of 2023. On a quarterly basis, however, the aggregate price of a…
With demand outpacing supply, Royal LePage adjusts forecast upward following stronger-than-expected start to 2023. Royal LePage is forecasting that the aggregate price of a home in Canada will increase 4.5% in the fourth quarter of 2023, compared to the same quarter last year. The previous forecast has been revised upward to reflect an earlier-than-expected boost…
After the “frenzy” if 2021 and a “big peak and valley’ in 2022, the president of Re/Max Canada tells Global News that next year could see “balance” return to the national housing market. But Christopher Alexander says how high the Bank of Canada drives interest rates, and when it pauses or returns to…
Royal Lepage just released a ‘House Price Update and Market Report‘. It includes price data and insights from experts in 62 real estate markets across the country, as well as national and regional forecasts. Key highlights from the release include: • Royal LePage reduces national home price forecast to +5.0% in fourth quarter of 2022;…
How did the Canadian housing market fare in 2020 with pandemic lockdowns? The Canadian Real Estate Association (CREA) was just released an infographic to show the year in review:
For Canada’s housing market, 2020 was a year like no other. The onset of the COVID-19 pandemic in March pushed markets across the country off course, resulting in record-low spring sales followed by a swift post-lockdown recovery that remains in motion. As we approach the new year, now’s the time to consider how the ripple…
Hitting a new sales record and an all-time inventory low, November was yet another record-breaking month—bringing 2020 close to a record-breaking year! Take a glance at November’s stats across Canada:
