Persistent demand coupled with low inventory drives 2022 home price forecast higher to 15% Seller’s market conditions continue as we move into the spring market, despite rising prices, further expected interest rate hikes and economic uncertainty First quarter highlights: National aggregate home price soars 25.1% year-over-year in first quarter of 2022 – highest Q1 gain […]
Author Archives: Alasdair Douglas
Are you in the market for a new home? Before you start attending showings, there are several things you can do to prepare yourself and your family for one of the largest purchases you will ever make. With housing stock at historic lows and tight competition among buyers, you may be able to give yourself […]
Spring housing market poised for continued price growth following double-digit gains in fourth quarter Fourth quarter highlights: National aggregate home price increased 17.1% year-over-year in final quarter of 2021 87% of the report’s 62 regions saw double-digit year-over-year aggregate price growth in Q4 61% of the report’s 62 markets saw a quarterly aggregate price increase […]
Omicron variant emergence may extend period of unusually strong real estate markets The GTA is the only region where condominium price appreciation is forecast to outpace that of detached homes; prices expected to rise 12.0% year-over-year in 2022 Greater regions of Toronto and Vancouver forecast to see highest aggregate price appreciation at 11.0% and 10.5%, […]
Highlights: 93% of survey respondents in British Columbia said they would advise their clients to sell this winter, rather than wait until spring; the highest in the country, followed by Quebec (87%) Nationally, 82% of those who would recommend selling this winter said the main reason is a lack of housing supply coupled with high […]
Royal LePage: Canadian home prices soar as persistent supply shortage results in continued seller’s market National aggregate home price increases 21.4% year-over-year Third quarter highlights: Royal LePage maintains its 2021 forecast, with the national aggregate home price expected to rise 16.0% in Q4, compared to a very strong Q4 2020 Very low inventory pushes potential […]
Buying vs Renting study: Homeowners come out in front financially in more than 90% of scenarios analyzed Homeowners paid $769 less per month than renters in Q2 2021, on average TORONTO, September 28, 2021 – Home ownership remains a top priority for many Canadians. While buying a home is seen as a milestone and can improve […]
While the housing affordability crisis is top of mind for many Canadians trying to get into the market, the chronic housing shortage that is the source of the problem, has been challenging many urban centres from coast-to-coast for years. Canada’s housing affordability crisis affects almost everyone, directly or indirectly. There are positive social and health […]
Royal LePage: Canadian home price forecast revised upward to 16% as roaring spring market eases into summer Second quarter regional highlights: Aggregate price of a home in Canada rose 25.3% year-over-year in the second quarter Demand expected to outstrip supply with upward pressure on prices, yet the pace of increases should moderate as peak price […]
When it comes to design and decorating, there are countless ways to add character to a space… an oversized mirror, an accent chair, or a unique light fixture. But few things can make as impactful a change as a fresh coat of paint. The colour of a room has the power to influence our mood […]
Alasdair Douglas 