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 ...

According to Royal LePage's Year in Review report, the Greater Vancouver real estate market closed out 2024 with an average sales price of $1,283,370, reflecting a 3.4% increase compared to the previous year. Full-year data revealed an average price of $1,287,251, showcasing a modest 1.5% gain over 2023. As 2025 unfolds, Royal LePage forecasts a promising outlook for Greater Vancouver's real ...

Encouraging News for Whistler and Pemberton Recreation Real Estate.In my recent interview with The Pique, we dive into the promising trends shaping the local recreation real estate market. Contact me if you would like more information. FULL PIQUE STORY FULL ROYAL LEPAGE WINTER RECREATION REAL ESTATE REPORT

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 ...

As we navigate changes in the housing market, it's crucial for homebuyers and real estate professionals to understand the fundamentals of insured mortgages in Canada. Insured mortgages are designed not to protect the buyer but rather the lender from the financial risks if the borrower defaults on mortgage payments. Why Mortgage Insurance is Necessary In Canada, mortgage insurance is requi ...

In 2024, Royal LePage continues to solidify its position as a leader in the Canadian real estate market, boasting an incredible reach of 42 million people and ranking number one across 200 markets nationwide. The brand's significant impact is reflected in the staggering 5 billion media impressions and its robust international presence, with referral contacts in 40 countries and relationships ...

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 ...

Property developers have, again, asked Metro Vancouver regional government members for development fees to be waived, deferred or redirected citing escalating costs to construct new homes. The most recent pitch came last Thursday as developers lined up to speak at a special committee of the region’s mayors. Citing higher finance interest rates and rapidly inflating construction costs, the d ...