WRAR August Stats Release, Rising Borrowing Costs Continue to Tame Home Sales in August

WATERLOO REGION, ON (September 7, 2022) — 659 residential homes were sold last month through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in August, a decrease of 8.1 per cent compared to August 2021 and 11.2 per cent below the previous 5-year average for the month. Total residential […]

Royal LePage’s Q2 2022 House Price Update and Market Forecast

Royal LePage lowers 2022 national home price forecast to 5% to reflect softening markets in Ontario and B.C. Second quarter records first quarter-over-quarter national decline since Q1 2019  Second quarter highlights: National aggregate home price increases 12.1% year-over-year in second quarter of 2022; decreases 4.9% quarter-over-quarter. Royal LePage reduces national home price forecast to +5.0% […]

Royal LePage’s Q1 2022 House Price Update and Market Forecast

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 […]

Planning to buy a home this spring? Here’s what you can do now to prepare yourself

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 […]

Homebuyers brace for continued price increases and tight competition this spring following double-digit gains in final quarter of 2021

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 […]

Royal LePage Survey: 79% of real estate professionals would advise their clients to sell this winter rather than wait until spring, as demand continues to outstrip supply

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 Q3 2020 House Price Survey and Market Forecast

Pandemic-shift: spike in savings diverted into housing driving national median home prices up 8.6%, according to Royal LePage Despite second wave worries, the median price of a home in Canada forecast to finish year 7.0% higher than year-end 2019 Delayed spring market extends through Q3 as pent up demand fuels prices and sales 97% of […]

Royal LePage Q2 2019 House Price Survey and Market Forecast

Canadian Real Estate Market Shows Signs of a Sustainable Recovery with Modest Price Gain of 1.1% in Second Quarter  Nationally, home prices expected to rise modestly by 0.4% by the end of 2019 compared to 2018, driven by gains in Toronto and Montreal Condominium prices in Vancouver decline for first time since third quarter of […]

Just Released: 2019 First-Time Home Buyer Insights from Royal LePage

Most Canadian First-Time Home Buyers Anxious They Will Miss Out Because of an Insufficient Down Payment While Vancouver has higher home prices, first-time home buyers in Montreal are more worriedabout their down payment (58% vs. 60%) First-time home buyers in Toronto had the highest anxiety that theirdown payment would not stretch enough to buy the […]

Royal LePage Q1 2019 House Price Survey and Market Forecast

Sluggish Start to 2019 Provides Silver Lining for First-time Home Buyers in the Country’s Largest Cities National home price growth slowed to 2.7 per cent year-over-year in the first quarter of 2019 Home prices in western Canada forecast to decline Price growth in the Greater Toronto Area (GTA) remains steady, supported by low inventory Slowdown […]