Media Room
Royal LePage Is The Voice Of Canadian Real Estate.
Since 1913, Canadians have turned to Royal LePage to keep them informed about the latest real estate market news.
That’s why we are the single most-quoted real estate company in the country and a trusted source of information and advice. From real estate pricing trends to innovative ways to market your property, we deliver timely news and valuable information to help you make smart real estate decisions. Below, you’ll find the latest releases and surveys.
From Renting to Owning: Your Comprehensive Guide to Becoming a Homeowner
Transitioning from a renter to a homeowner can seem daunting, especially in a competitive real estate market with high interest rates and rising prices. However, with careful planning and an understanding of the key steps, this dream can become a reality. Here’s a comprehensive guide to help you navigate the process: 1. Hire the Right […]
Fixed or Variable: Choosing the Right Rate for Your Mortgage Renewal
Over half of Canadian mortgages are due for renewal by the end of 2026, and with the Bank of Canada’s key interest rate recently dropping from 5.0% to 4.75%, many homeowners are weighing their mortgage renewal options. Deciding between a fixed or variable rate is a critical choice in the current fluctuating mortgage market. As […]
Despite affordability challenges, a quarter of Canadian renters plan to get a foot on the property ladder in the next two years
As affordability challenges and housing supply shortages persist in Canada’s real estate market, renters may be feeling that their transition from tenant to homeowner is taking longer than expected. For the one third of Canadians who rent, many are still eager to own a home in the near future, despite the hurdles of high borrowing […]
TOP Affordable Canadian City
50% of those living in the greater regions of Toronto, Montreal and Vancouver say they would consider buying a home in a more affordable city Higher living costs, coupled with rising home prices and elevated interest rates, present a challenge for those trying to buy a home in Canada’s largest and most expensive urban communities. […]
Top paint colours of 2024
As we approach the start of spring, you may be thinking about all of the projects around the house that you can finally start when warmer weather arrives – opening up the pool, adding those perennial flower beds to your lawn, or perhaps changing up your wall colours. If you’re thinking about adding a fresh […]
Royal LePage expects mixed results for the Quebec recreational real estate market in 2023
While single-family home prices in Quebec’s recreational markets rose 16.1% year-over-year in 2022, inflation levels along with mortgage borrowing costs remain high, and are expected to drive values downward in 2023 Highlights: The aggregate price of a single-family waterfront property in the province increased 17.3% year-over-year in 2022, while that of a condominium surged 22.3% […]
Canada’s recreational real estate rush comes to a close: Prices expected to soften amid waning activity
National aggregate house price forecast to dip 4.5% in national recreational market in 2023 as sidelined buyers wait for more inventory, economic stability Highlights: The aggregate price of a single-family home in Canada’s recreational property market increased 11.7% year-over-year to $619,900 in 2022 Nationally, the aggregate price of a single-family waterfront and condominium property increased […]
Mapping the million: What $1 million can buy in Canada’s major real estate markets
Nationally, a typical $1-million home boasts an average of 3.2 bedrooms, 2.6 bathrooms and almost 1,800 square feet of living space TORONTO, February 23, 2023 –In examining what a budget of approximately $1 million – give or take $50,000 – can buy in Canada’s major housing markets, Royal LePage determined that the average home in […]