After a stronger-than-anticipated first quarter, upward pressure on home prices is rising. Previously sidelined homebuyers are rebooting their purchase plans in anticipation of tight competition following an expected easing of interest rates later this year. Some key highlights from the report:* National aggregate home price expected to rise 9.0% year over year in Q4 of 2024 (up from previous ...

The Greater Vancouver real estate market has maintained its upward trajectory with increased sale prices and burgeoning market activity throughout the initial quarter of 2024. Presently, the average property in Vancouver commands a price of $1,318,535, which represents yearly price growth of 3.9%. Since the year's commencement, home values have surged by 6%, equating to a noteworthy $76,463 i ...

The Royal LePage 2024 Spring Recreational Property Report, which includes national and regional price data and insights from experts in real estate markets nationwide, was distributed to the media this week. I’ve been British Columbia’s Whistler/Pemberton contributor for several years and look forward to the Report’s release each year. As I said in my interview with Glacier Media Group, the m ...

In 2023, Royal LePage Sussex set a new benchmark in having the highest gross deal volume on Vancouver's North Shore. Based on the figures, Royal LePage Sussex emerged as the Vancouver North Shore market leader with a total gross volume of more than $1 billion. The Sutton Group West Coast secured the second position with a total gross volume of just under $400 million. In the North Vancouver ...

The Royal LePage Home Price Update and Market Forecast, distributed each quarter, includes price data and insights from experts in 63 real estate markets across the country, as well as national and regional forecasts. Despite a continued slowdown in market activity in the later months of 2023, Royal LePage expects sidelined buyers to re-engage in the first quarter of 2024 ahead of expected r ...

With a new year now underway, Canadians can expect to see a variety of changes coming to federal, provincial and local government housing legislation in 2024.  From updated taxes to revised urban planning regulations, new housing laws and policies will roll out across the country in the coming months. Several of these policies promise to boost much-needed housing supply, which remains at a c ...

In the next few days, owners of more than a million properties throughout the Lower Mainland can expect to receive their 2024 assessment notices which reflect market value as of July 1, 2023. "Across the Lower Mainland and throughout B.C., the overall housing market has generally stabilized in value," says BC Assessment Assessor Bryan Murao. "Most homeowners can expect only modest changes in ...