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 ...

The SLRD is offering residents a chance to share their perspectives on housing needs throughout the regional district. This initiative aims to engage residents of SLRD Electoral Areas to gather insights on housing challenges as part of the effort to update the previous regional study.The SLRD is in the process of preparing an update to the existing Housing Need and Demand Study(External lin ...

As we approach fall and summer vacation is our rear-view mirrors, it's an ideal time to think about your real estate goals. With the recent quarter-point cut in interest rates, I believe the market is poised for an uptick. Whether you're considering buying or selling, now might be the perfect moment to make a move. Please take a look at my latest listings and recent sales. If you have any que ...

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 ...