The Q4 2018 Royal LePage House Price Survey was released to media. Below you will find highlights from the release, links to social media assets available for you to read.

Key highlights from the national release include:

  • The price of a home in Canada increased 4.0 per cent year-over-year to $631,223 in the fourth quarter of 2018, continuing the recovery from the most significant housing correction since the financial crisis. Condominiums continued to see the highest rate of appreciation nationally when compared to the detached segment, rising 7.2 per cent year-over-year to $447,915.
  • The Canadian economy is performing well overall, with pockets of uncertainty. Persistently weak oil prices driven by domestic market access bottlenecks and global supply gluts have hit Western Canada hard, and trade tensions between China and the U.S. in particular are impacting consumer confidence across the continent.
  • The GTA was a story of contrasts. The City of Toronto experienced a strong rebound in the fourth quarter, while the surrounding areas remained relatively weak year-over-year. Prices in Toronto saw sizable increases, rising 8.8 per cent compared to 3.4 per cent gains for the GTA more broadly.
  • The aggregate price of a home in the Greater Montreal Area passed the $400,000 mark, rising to $407,230, an increase of 4.1 per cent from the same period last year.  This represents a higher rate of appreciation than that seen in both the GTA and Greater Vancouver, and above the national aggregate percentage increase.
  • Home price appreciation in Greater Vancouver grew at a modest pace rising 2.1 per cent in the fourth quarter from the year before, to an aggregate price of $1,274,831. More affordable suburbs like Langley, Surrey, and Coquitlam that had seen double digit price growth in previous quarters grew at a more modest pace rising 2.4 per cent, 2.3 per cent, and 0.4 per cent respectively.

A big thank you to all of our spokespeople from across the country for their contributions in providing regional perspectives. Regional insights can be found in both the national release and in city-specific releases.

Social media

We have developed a series of images for the national and largest real estate markets analyzed in the Survey. Feel free to use them and share them on your social media channels!

 

Media coverage

Consumers, organizations and the media turn to Royal LePage as a trusted source for expert commentary. So far today we have achieved great media coverage, including:

BNN Bloomberg: https://www.bnnbloomberg.ca/calgary-housing-market-remarkably-resilient-despite-low-oil-prices-royal-lepage-1.1197062

Montreal Gazette (also print): https://montrealgazette.com/business/local-business/real-estate/real-estate-price-increase-in-montreal-tops-toronto-vancouver

Edmonton Journal: https://edmontonjournal.com/business/local-business/real-estate/real-estate-price-increase-in-montreal-tops-toronto-vancouver/wcm/2d32b1c4-1e31-4d24-aafa-94816d147c5b

The Province: https://theprovince.com/business/local-business/real-estate/real-estate-price-increase-in-montreal-tops-toronto-vancouver/wcm/2d32b1c4-1e31-4d24-aafa-94816d147c5b

Vancouver Sun: https://vancouversun.com/business/local-business/real-estate/real-estate-price-increase-in-montreal-tops-toronto-vancouver/wcm/2d32b1c4-1e31-4d24-aafa-94816d147c5b

CBC News Montreal: https://www.cbc.ca/news/canada/montreal/montreal-real-estate-2019-1.4973418

CBC News Hamilton: https://www.cbc.ca/news/canada/hamilton/real-estate-condo-1.4973989

CHEK News: https://www.cheknews.ca/victoria-aggregate-house-price-climbs-8-4-per-cent-in-fourth-quarter-of-2018-royal-lepage-survey-523727/

Daily Hive: https://dailyhive.com/toronto/toronto-condo-prices-increase-2018

Daily Hive: https://dailyhive.com/montreal/montreal-real-estate-record-numbers-2018

Global News : https://globalnews.ca/news/4837354/mortgage-stress-test-higher-interest-rates-saskatoon-housing-market/

Global News: https://globalnews.ca/news/4837332/hamilton-average-house-price/

ICI Radio Canada: https://ici.radio-canada.ca/nouvelle/1146161/prix-maisons-condos-royal-lepage-etude-proprietes  

Calgary’s Business: https://calgarysbusiness.ca/albertas-business2/home-prices-rise-calgary-edmonton/

Kitchener Today: https://www.kitchenertoday.com/local-news/housing-report-for-q4-of-2018-shows-stability-1191702

Le Droit: https://www.ledroit.com/affaires/un-printemps-2019-exceptionnel-a-gatineau-3589e233bdddfb65cdebd82bd824bd6d  

Le Journal de Québec: https://www.journaldequebec.com/2019/01/10/le-marche-immobilier-termine-lannee-avec-des-prix-en-hausse

Ottawa Business Journal: https://obj.ca/index.php/article/sellers-market-drives-ottawa-home-prices-9-q4-2018-royal-lepage

Saskatoon Star Phoenix (also print): https://thestarphoenix.com/news/local-news/buyers-market-continues-but-rebound-expected-in-2019

The Province: https://theprovince.com/news/local-news/buyers-market-continues-but-rebound-expected-in-2019/wcm/71639316-c603-4897-b411-e43fb62faad4

The Quebec Post: https://theqpost.com/the-real-estate-market-ended-the-year-with-prices-rising/97559

The Star Halifax: https://www.thestar.com/halifax/2019/01/11/the-average-home-in-halifax-will-now-cost-you-more-than-321000.html

Troy Media: http://troymedia.com/2019/01/11/home-prices-rise-calgary-edmonton/

TVA Nouvelles: https://www.tvanouvelles.ca/2019/01/11/le-marche-de-quebec-termine-avec-des-prix-en-hausse

TVA Nouvelles: https://www.tvanouvelles.ca/2019/01/11/montreal-depasse-toronto-et-vancouver

Contact us today for all your Real Estate needs.  Kathy & Dave – “Strength in Teamwork”.  See our blog for other interesting articles:  www.kathyanddave.ca

If you’re interested in learning more about the current housing market in the Niagara region, we would be happy to have a chat with you and answer any questions you may have. Come in for a visit or give us a call! It would be our pleasure to show you how selling your home in the current market could increase your financial gain.