Buyers reboot purchase plans in Q1 to get ahead of rising home prices, anticipated interest rate cuts
According to the Royal LePage House Price Survey, the aggregate price of a home in Canada increased 4.3% year over year to $812,100 in the first quarter of 2024. On a quarter-over-quarter basis, the national aggregate home price increased 2.9%, an indication that sidelined buyers are rebooting their real estate purchase plans ahead of expected interest rate cuts, as predicted in January.
A resurgence of activity in Canada’s housing market is expected this spring, with sidelined buyers banking on a drop in interest rates
According to the Royal LePage House Price Survey released today, the aggregate1 price of a home in Canada increased 4.3% year over year to $789,500 in the fourth quarter of 2023.
1 in 4 Canadians intend to buy an investment property in the next five years
According to a recent Royal LePage survey conducted by Leger,1 23% of Canadians who do not own a residential investment property say that they are likely to purchase one in the next five years, and more than half (51%) of current investors say that they are likely to purchase an additional residential investment property within the same time period. Overall, 26% of all Canadians, current investors or otherwise, plan to buy an investment property before 2028.
This spring cleaning season, don’t forget to add appliance maintenance to your checklist
Spring has officially sprung, and with the arrival of warmer weather, now is an opportune time to give your home a post-winter deep clean. A thorough spring cleaning goes beyond everyday surfaces and tackles the nooks and crannies of your living space. It’s a great time to start fresh by purging old and underused items in your garage, closets and cabinets. It’s also the perfect opportunity to perform a maintenance checkup on major household appliances, like your washing machine, stove and fridge.
Real estate activity in Canada’s cottage country returns to seasonal norms
After two years of relentless year-round competition, Canada’s recreational property markets have slowed and returned to traditional seasonal sales patterns. Despite a modest decrease expected this year, the national aggregate price would remain more than 32% above 2020 levels, after two years of double-digit price gains in the country’s recreational real estate market.
The dos and don’ts of staging your home for sale
Staging is key when it comes when it comes to making a positive first impression on a potential buyer, to attract interest, higher priced offers and to sell homes quicker.
Top paint colours of 2023
North America’s top paint companies have once again released their colour choices of the year; hues that will define interior design, décor and marketing trends for 2023. Here are the 2023 colours of the year from some of the most influential paint brands
Buyers spring back: Sidelined Canadians plan return to market
With the Bank of Canada placing a hold on the overnight lending rate for the first time since March of 2022, many homebuyers intend to resume their purchasing plans once again. Of those who say they postponed their plans, 62% now intend to return to the market.
Now that you’ve moved in, what’s next?
Now that you’ve moved in, what’s next? – Congratulations on the big move! No matter if this is your first home or one of many, it takes a lot to plan and prepare for the big day. Now that you’re all settled in, what’s next? In this blog, we’ll cover some fun ideas for next […]
Understanding The Fall Real Estate Market
Understanding The Fall Real Estate Market It’s no secret, the seasons play a big role in the real estate market. As fall comes around, you may feel as if you’ve missed out on the prime of the real estate market. Although spring is typically the busiest time in real estate, the fall market […]