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.
First Time Homebuyer Resources
Your First Home is a Big Deal. Buying your first home is monumental. It’s a huge financial investment and a major life milestone. Unfortunately, nowadays it’s more difficult than ever to make the purchase by yourself. Luckily, in a market as diverse and ever-evolving as ours, there are many resources available for first-time homebuyers. […]
Royal LePage lowers 2022 national home price forecast to 5% to reflect softening markets in Ontario and B.C.
Royal LePage is forecasting that the aggregate price of a home in Canada will increase 5% in the fourth quarter of 2022, compared to the same quarter last year. The forecast has been revised downward from the previous quarter following more aggressive than expected interest rate hikes by the Bank of Canada, resulting in an expected temporary drop in demand in parts of southern Ontario and British Columbia.
Everything You Need to Know About Trees
Everything You Need to Know About Trees With the recent Ontario wide storm so many trees were toppled over and caused a lot of property damage. So we thought it would be a good time to talk about how to properly care for your new trees, if you’ve chosen to replant some of the […]
Planning a Renovation? Here’s What You Need to Know
If you’re working on a home improvement project – whether for you to enjoy, or in preparation to put your property on the market – you may be interested to know which renos will give you the most bang for your buck. A kitchen renovation is the most worthwhile home improvement, and has the potential […]