Royal LePage’s Q3 2021 House Price Update and Market Forecast

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 […]

Royal LePage House Price Update and Market Forecast

Canadian home prices forecast to end year 13.5% higher than 2020 as waning affordability and modestly improving supply begin to slow the pace of future increases First quarter regional highlights: Addressing chronically low inventory critical in solving nation’s housing affordability crisis Aggregate price of a home in Canada rose 14.1% year-over-year in the first quarter […]

Royal LePage Spring 2021 Recreational Property Report

Royal LePage: Canadian recreational house prices forecast to increase 15% in 2021 Highlights: A house in Ontario’s and Atlantic Canada’s recreational property markets expected to see highest price gains in 2021, rising 17%; Quebec and British Columbia recreational markets forecast to increase 15% and 13%, respectively 91% of recreational experts in Canada reporting lower inventory […]

Alasdair Douglas’ February 2021 Kitchener-Waterloo Real Estate Update

RECORD NUMBER OF HOME SALES IN FEBRUARY By KWAR  In Market UpdatesComments Note: Beginning with this month’s release we are including the MLS® Home Price Index (HPI). The HPI is the best way to gauge price trends because averages are strongly distorted by changes in the mix of sales activity from one month to the next. KITCHENER-WATERLOO, ON […]

Royal LePage Q3 2020 House Price Survey

Royal LePage: More than half of Canada’s largest real estate markets see double-digit price growth as national home values soar 9.7% in fourth quarter Fourth quarter regional highlights: Price of detached homes continue to outpace condominiums as Canadians trade location for square footage Despite strong push toward the suburbs, Toronto and Montreal single-family homes see […]

Alasdair Douglas’ December 2020 Kitchener-Waterloo Real Estate Update

RECORD-BREAKING HOME SALES IN DECEMBER CAPS OFF AN EXCEPTIONAL 2020 KW Housing Market Remains in High Demand KITCHENER-WATERLOO, ON (Jan 7, 2021) ––There were 6,492 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in 2020, an increase of 9 per cent compared to 2019. Compared to previous […]

Royal LePage 2021 Canadian Real Estate Forecast

Royal LePage: Canadian home prices forecast to rise 5.5% by the end of 2021 as low inventory and unmet demand set to fuel price increases Aggregate price of a home in the Greater Toronto Area forecast to rise 5.75% Tech and government sector expansion to drive Ottawa prices up 11.5% Canada’s priciest city to experience […]

Royal LePage Luxury Real Estate Forecast

Toronto’s luxury condo prices forecast to surpass Montreal’s hot luxury market in 2020, according to Royal LePage Greater Montreal Area posts highest appreciation in Canada for both luxury houses (8.5%) and condos (8.3%); Greater Toronto Area luxury condos also post significant price gains (7.0%) Limited inventory and high demand will continue to fuel luxury home […]

Alasdair Douglas’ December 2019 Kitchener-Waterloo Real Estate Update & Year In Review.

2019 A STEADFAST YEAR FOR HOME SALES IN KW Sales Dip in December, While Prices Continue to Escalate  KITCHENER-WATERLOO, ON (Jan 6, 2020) ––There were 5,925 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in 2019, an increase of 1.6 per cent compared to 2018. Contrasted to past years, 2019’s annual sales were 2.3 per cent below the previous 5-year average, and 3 per cent above the previous 10-year average.   On a monthly […]

Alasdair Douglas’ November 2019 Kitchener-Waterloo Real Estate Update

Thank you for visiting my blog page. Read below for the Kitchener Waterloo Association of Realtors November press release. If you were to be guided by the headline you would think that all properties in the region had experienced a massive gain in price/value. Sadly for sellers and happily for buyers this is not the […]