January reflected a market in transition, with expanding inventory levels creating more options for buyers. While buyer confidence showed some hesitation, leading to declines in both sales and prices across all property segments, this shift may present new opportunities for those looking to enter the market. Whether this slowdown is a temporary adjustment or an early indicator of a broader tr ...

Thanks to your trust, support, and confidence, Royal LePage Sussex continues to lead the market—outperforming our competitors by nearly three times in volume. For the fourth consecutive year, we’ve surpassed over a billion dollars in Real Estate sales, making us the only brokerage on the North Shore to ever reach this milestone. CLICK HERE TO SEE ALL THE NUMBERS /

Over the past few years, the Canadian housing market has faced unprecedented challenges, from the effects of a global pandemic to surging interest rates and economic uncertainty. These disruptions have created atypical trends, pushing the real estate market far from its usual trajectory. However, as 2025 unfolds, the outlook appears brighter, with conditions expected to align more closely wit ...

As a regular contributor to Royal LePage’s West Coast Recreational Report, I was asked to share my insights on the current state of the recreational property market in Whistler and Pemberton. I’ve included links to the full Canadian Report at the bottom of this postRoyal LePage® forecasts a 7.5% increase in single-family home prices in Canada's ski regions over the next year, despite a 0.4% d ...

Rising Sales and Stable Prices Amid Interest Rate Drops. In October, home sales in Greater Vancouver surged across all asset classes, reflecting a dynamic shift in the market. A total of 2,624 properties went under contract, a remarkable 42 per cent increase from the previous month and a 37 per cent year-over year rise. Despite this upswing in sales volume, home prices remained relatively st ...

In October 2024, Metro Vancouver's housing market experienced a significant turnaround, with home sales rising over 30% year-over-year after months of subdued activity. According to the Greater Vancouver REALTORS® (GVR), 2,632 residential sales were recorded, reflecting a robust 31.9% increase from the previous October, although still falling short of the ten-year seasonal average. This surge ...

With upcoming mortgage reforms designed to enhance affordability and flexibility, both homebuyers and homeowners should anticipate major changes. Staying informed about these developments is crucial. Here are a few of the changes:Refinance up to 90% of your home’s value to build a secondary suite (effective January 15th, 2025) Homeowners can refinance up to 90% of their property’s value, incl ...

The Greater Vancouver housing market concluded the summer with higher inventory and lower sales compared to the previous year. In August, the average home sold for $1,252,393, reflecting a 2 per cent annual decrease. Active listings remain elevated, with 13,278 homes on the market—an 11 per cent increase above the 10-year monthly average. Sales activity over the summer remained sluggish, with ...

With the Bank of Canada trimming the overnight lending rate for the third time this year, the timing couldn’t be more opportune for homebuyers poised to re-enter the market. With fall marking a surge in housing activity in some markets, and borrowing costs potentially lowering, Canadians who have been on the fence may be feeling more optimistic. Will reduced rates spark renewed interest among ...

The Bank of Canada's interest rate cut announcment this week could very much stimulate British Columbia's real estate market. In addition to making homeownership more affordable, reduced rates generally incentivize developers to undertake new projects, boosting the housing supply. Click Here To Read the Full Royal LePage Story Click Here To Read the Bank of Canada Release