Alasdair Douglas’ February 2020 Kitchener-Waterloo Real Estate Update

05Mar  STRONG HOME SALES IN FEBRUARY By KWAR  In Market UpdatesComments KITCHENER-WATERLOO, ON (March 5, 2020) ––There were 467 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in February, an increase of 36.5 per cent compared to the same month last year, and 15.3 per cent above the previous 10-year […]

Royal LePage 2019 Newcomer Survey

One in five homes purchased by Canadian newcomers Canadian newcomers projected to make 680,000 home purchases over next five years 82% of newcomers choose to stay in their first city of residence 75% of newcomers arrive with savings to help purchase a home 75% of newcomers do not consider moving to the United States prior […]

Royal LePage Q3 2019 House Price Survey and Market Forecast

Royal LePage CEO urges caution with election promises aimed at stimulating housing demand that lack concrete plans to address supply shortages Housing recovery gains strength with national aggregate price forecast to rise 1.5% during the fourth quarter of 2019 compared to same period in 2018 Price gap between condominiums and houses shrinks as median condo […]

Royal LePage Median Condominium Price Report

Can you afford a condo in Canada’s largest cities? Royal LePage reports on price per square foot Greater Toronto Area condo price per square foot increased 9.1% year-over-year to $743 Greater Ottawa condo price per square foot appreciated the fastest among Canada’s largest markets, rising 17.9% year-over-year to $395 Condo price per square foot in […]

Royal LePage Q2 2018 House Price Survey and Market Forecast

Expect an Uptick in National Home Prices Next Quarter Following Sluggish First Half of 2018 Greater Toronto Area (GTA) expected to post third quarter price gains after price declines in the second quarter Greater Montreal Area home price appreciation surpasses the national rate for the first time in seven years Greater Vancouver home values forecast […]

Median Canadian Home Price Posts 6.2% Year-Over-Year Gain Despite Corrections in GTA and Greater Vancouver

On a quarter-over-quarter basis, home prices decline slightly in half of key markets Condominiums continue to appreciate at fastest rate among housing types studied in the Royal LePage National House Price Composite TORONTO, April 13, 2018 – According to the Royal LePage House Price Survey[1] released today, home prices in Canada saw slowing year-over-year increases in the […]

Royal LePage Fourth Quarter Housing Market Trends Seal 2017 as ‘the Year of the Condo’

Fourth Quarter Housing Market Trends Seal 2017 as ‘the Year of the Condo’  Condominiums appreciate at the fastest rate of all housing types studied in the Royal LePage National House Price Composite Peak Millennials, immigration and inter-provincial migration fueling housing demand in Ontario and British Columbia Effects of Office of the Superintendent of Financial Institutions’ […]

New OSFI Stress Test Set to Limit National Home Price Appreciation to 4.9% in 2018

December 13, 2017  Impact of new stress test expected to be contained to first half of 2018 for most major markets Still risk of high price appreciation in Greater Toronto Area and Greater Vancouver as chance of market correction fades Compounding policies could have unintended consequences for struggling housing markets TORONTO, December 13, 2017 – According […]

Largest Cohort of Millennials Changing Canadian Real Estate, Despite Constraints of Affordability and Mortgage Regulation

August 17, 2017 ‘Peak Millennials’ (aged 25 to 30) to create strong wave of demand National survey shows while the peak millennial dream to own property is very strong, challenges to homeownership vary across the country The number of 25-30 year olds is set to grow again TORONTO, August 17, 2017 – According to the Royal […]

Royal LePage Housing Survey July 2017

Canada’s Residential Real Estate Market Makes the Move to Moderation in the Second Quarter of 2017 July 13, 2017 With recoveries underway in Vancouver, Calgary and Edmonton, home prices rise in the majority of metropolitan areas nationwide  Greater Toronto Area witnesses temporary slowdown in sales activity as the Ontario Fair Housing Plan takes effect  TORONTO, […]