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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.

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The 2019 Royal LePage Market Survey Forecast was released to the media.

Key highlights from the national release include:

• According to the 2019 Royal LePage Market Survey Forecast released today, home prices across the country are expected to appreciate at a low single digit rate in 2019. Nationally, the median price of a home is forecast to increase slightly by 1.2 per cent to $638,257.
• The 2019 market owes its tepid pace to a host of uncertainties beyond the price overshooting of recent years. This includes slowly rising interest rates, global trade risks, the persistently low price of Canadian export oil, and regulatory intervention, particularly in British Columbia.
• When comparing major metropolitan regions nationwide, the median price of a home in the Greater Montreal Area is expected to see the largest gains, with home prices expected to rise by 3.0 per cent to $421,306.

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 within the national release.

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:

The Globe and Mail: https://www.theglobeandmail.com/business/article-two-realty-firms-see-modest-growth-for-canadian-housing-prices-in-2019/
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:

Toronto Star via The Canadian Press: https://www.thestar.com/business/2018/12/11/modest-home-price-growth-forecasted-for-2019-say-remax-and-royal-lepage.html

Ottawa Citizen: https://ottawacitizen.com/pmn/business-pmn/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage/wcm/ca5577be-3034-44d1-8efc-ce018b309616

Calgary Herald: https://calgaryherald.com/pmn/business-pmn/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage/wcm/ca5577be-3034-44d1-8efc-ce018b309616

Vancouver Sun: https://vancouversun.com/pmn/business-pmn/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage/wcm/d0ac09dc-3d81-4954-95f9-77d307ef915e

Edmonton Journal: https://edmontonjournal.com/pmn/business-pmn/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage/wcm/ca5577be-3034-44d1-8efc-ce018b309616

24 News: http://www.24news.ca/the-news/economic-news/383193-modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage

570 News: https://www.570news.com/2018/12/11/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage/

660 News: https://www.660citynews.com/2018/12/11/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage/

680 News: https://www.680news.com/2018/12/11/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage/

Barrie Today: https://www.barrietoday.com/business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-1155606

Bay Today: https://www.baytoday.ca/business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-1155606

Burnaby Now: https://www.burnabynow.com/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

Cape Breton Post: https://www.capebretonpost.com/business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-267295/

Castanet: https://www.castanet.net/news/Business/244199/Modest-growth-forecasted

Collingwood Today: https://www.collingwoodtoday.ca/national-business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-1155606

Chronicle Herald: https://www.thechronicleherald.ca/business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-267295/

Chronicle Journal: http://www.chroniclejournal.com/business/national_business/modest-home-price-growth-forecasted-for-re-max-and-royal/article_38b2c9b8-13b6-5ff6-b148-19f86fda2518.html

CTV News: https://www.ctvnews.ca/business/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.4213327

CTV News (Business) : https://bc.ctvnews.ca/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.4213305

Dawson Creek Mirror: https://www.dawsoncreekmirror.ca/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

Delta Optimist : https://www.delta-optimist.com/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

Guelph Today: https://www.guelphtoday.com/national-business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-1155606

Halifax Today: https://www.halifaxtoday.ca/national-business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-1155606

Humboldt Journal: https://www.humboldtjournal.ca/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

iHearth Radio/Newstalk 1010: http://www.iheartradio.ca/newstalk-1010/news/modest-home-price-growth-forecasted-for-2019-1.8610130

InfoTel News: https://infotel.ca/newsitem/housing-outlook/cp1060348611

Kamloops Matters: https://www.kamloopsmatters.com/national-business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-1155606

Kelowna Daily Courier: http://www.kelownadailycourier.ca/business_news/national_business/article_b91bad6c-1752-55e9-9a62-fdbb007ec728.html

Leader Post: https://leaderpost.com/pmn/business-pmn/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage/wcm/ca5577be-3034-44d1-8efc-ce018b309616

Lethbridge Herald: https://lethbridgeherald.com/business/2018/12/11/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage/

Lillooet News: https://www.lillooetnews.net/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

Medicine Hat News: https://medicinehatnews.com/business/2018/12/11/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage/

New Market Today: https://www.newmarkettoday.ca/national-business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-1155606

News 1130: https://www.citynews1130.com/2018/12/11/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage/

News Optimist: https://www.newsoptimist.ca/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

North Shore News: https://www.nsnews.com/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

Orillia Matters: https://www.orilliamatters.com/national-business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-1155606

Ottawa Matters: https://www.ottawamatters.com/national-business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-1155606

Prince George Citizen: https://www.princegeorgecitizen.com/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

Reston Recorder: https://www.restonrecorder.ca/news/business/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

Richmond News: https://www.richmond-news.com/business/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

Saskatoon StarPhoenix: https://thestarphoenix.com/pmn/business-pmn/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage/wcm/ca5577be-3034-44d1-8efc-ce018b309616

Sootoday: https://www.sootoday.com/national-business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-1155606

Souris Plaindealer: https://www.sourisplaindealer.ca/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

Squamish Chief: https://www.squamishchief.com/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

The Province: https://theprovince.com/pmn/business-pmn/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage/wcm/1edba5f5-58c0-4afe-b804-6b0701adc3f2

The Telegram: https://www.thetelegram.com/business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-267295/

Times Colonist: https://www.timescolonist.com/business/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

Timmins Today: https://www.timminstoday.com/business-news/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-1155606

Weyburn This Week: https://www.weyburnthisweek.com/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

Windsor Star: https://windsorstar.com/pmn/business-pmn/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage/wcm/ca5577be-3034-44d1-8efc-ce018b309616

Winnipeg Free Press: https://www.winnipegfreepress.com/business/modest-home-price-growth-forecasted-for-2019-remax-and-royal-lepage-502462991.html

Yahoo Finance: https://ca.finance.yahoo.com/news/modest-home-price-growth-forecasted-154812231.html

Yorkton This Week: https://www.yorktonthisweek.com/modest-home-price-growth-forecasted-for-2019-re-max-and-royal-lepage-1.23528380

BNN Bloomberg: https://www.bnnbloomberg.ca/the-daily-chase-huawei-bail-hearing-resumes-oil-producers-set-2019-budgets-1.1181462

TVA Nouvelles: https://www.tvanouvelles.ca/2018/12/11/le-marche-montrealais-sera-le-plus-vigoureux-au-pays-selon-royal-lepage

TVA Nouvelles: https://www.tvanouvelles.ca/2018/12/11/des-solutions-pour-acceder-a-la-propriete

Le Journal de Montréal: https://www.journaldemontreal.com/2018/12/11/immobilier-en-2019-le-marche-montrealais-sera-le-plus-vigoureux-au-pays-selon-royal-lepage

La Presse: https://www.lapresse.ca/affaires/economie/immobilier/201812/11/01-5207633-hausse-des-prix-des-maisons-plus-modeste-en-2019-au-pays.php

Winnipeg Sun (also print):  https://winnipegsun.com/news/news-news/home-prices-projected-to-see-healthy-increase

Edmonton Sun: https://edmontonsun.com/news/news-news/home-prices-projected-to-see-healthy-increase/wcm/2f9d5e82-38d3-4c34-8404-a75f232bd390

Global News (Winnipeg): https://globalnews.ca/news/4749870/winnipeg-housing-market/

Global News (Vancouver): https://globalnews.ca/news/4750064/vancouver-housing-prices/

Global News (Toronto): https://globalnews.ca/news/4750827/royal-lepage-expects-regina-housing-prices-to-drop-nearly-5-in-2019/

Westca: http://www.westca.com/News/article/sid=680958/2019%E6%88%BF%E4%BB%B7%E9%A2%84%E6%B5%8B_%E5%A4%A7%E6%B8%A9%E6%BD%9C%E5%8A%9B%E5%8C%BA%E5%9F%9F%E5%9C%A8%E5%93%AA%EF%BC%9F/lang=schinese.html

Singtao (Toronto): http://www.singtao.ca/toronto/3665894/2018-12-11/post-%E6%9C%89%E5%A0%B1%E5%91%8A%E6%8C%87-2019%E5%B9%B4%E5%85%A8%E5%9C%8B%E6%A8%93%E5%83%B9%E5%8F%AA%E6%9C%83%E6%BA%AB%E5%92%8C%E4%B8%8A%E5%8D%87/?variant=zh-hk

Singtao (Calgary): http://www.singtao.ca/calgary/1911619/2018-12-11/post-%E6%9C%89%E5%A0%B1%E5%91%8A%E6%8C%87-2019%E5%B9%B4%E5%85%A8%E5%9C%8B%E6%A8%93%E5%83%B9%E5%8F%AA%E6%9C%83%E6%BA%AB%E5%92%8C%E4%B8%8A%E5%8D%87/?variant=zh-hk

Dushi.singtao: https://dushi.singtao.ca/toronto/%E5%8D%B3%E6%97%B6%E6%96%B0%E9%97%BB/%E6%9C%89%E6%8A%A5%E5%91%8A%E6%8C%87-2019%E5%B9%B4%E5%85%A8%E5%9B%BD%E6%A5%BC%E4%BB%B7%E5%8F%AA%E4%BC%9A%E6%B8%A9%E5%92%8C%E4%B8%8A%E5%8D%87/

Abbotsford News via The Canadian Press: https://www.abbynews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Agassiz-Harrison Observer: https://www.agassizharrisonobserver.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Alberni Valley News: https://www.albernivalleynews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Aldergrove Star: https://www.aldergrovestar.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Arrow Lakes News: https://www.arrowlakesnews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Boundary Creek Times: https://www.boundarycreektimes.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Burns Lake Lakes District News: https://www.burnslakelakesdistrictnews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Caledonia Courier: https://www.caledoniacourier.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Castlegar News: https://www.castlegarnews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Campbell River Mirror: https://www.campbellrivermirror.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Chilliwack Progress: https://www.theprogress.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Cloverdale Reporter: https://www.cloverdalereporter.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Comox Valley Record: https://www.comoxvalleyrecord.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Cranbrook Daily Townsman: https://www.cranbrooktownsman.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Creston Valley Advance: https://www.crestonvalleyadvance.ca/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Eagle Valley News: https://www.eaglevalleynews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Golden Star: https://www.thegoldenstar.net/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Goldstream News Gazette: https://www.goldstreamgazette.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Grand Forks Gazette: https://www.grandforksgazette.ca/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Haida Gwaii Observer: https://www.haidagwaiiobserver.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Hope Standard: https://www.hopestandard.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Houston Today: https://www.houston-today.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Interior News: https://www.interior-news.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Keremeos Review: https://www.keremeosreview.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Kelowna Capital News: https://www.kelownacapnews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Kimberley Bulletin: https://www.kimberleybulletin.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Ladysmith Chemainus Chronicle: https://www.ladysmithchronicle.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Lake Country Calendar: https://www.lakecountrycalendar.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Lake Cowichan Gazette: https://www.lakecowichangazette.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Langley Advance: https://www.langleyadvance.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Langley Times: https://www.langleytimes.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Maple Ridge-Pitt Meadows News: https://www.mapleridgenews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Mission City Record: https://www.missioncityrecord.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Nanaimo News Bulletin: https://www.nanaimobulletin.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Nelson Star: https://www.nelsonstar.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

North Delta Reporter: https://www.northdeltareporter.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Northern Sentinel: https://www.northernsentinel.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Northern View: https://www.thenorthernview.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

North Island Gazette: https://www.northislandgazette.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Oak Bay News: https://www.oakbaynews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Parksville Qualicum Beach News: https://www.pqbnews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Peace Arch News: https://www.peacearchnews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Peninsula News Review: https://www.peninsulanewsreview.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Revelstoke Review: https://www.revelstokereview.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Rossland News: https://www.rosslandnews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Saanich News: https://www.saanichnews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Salmon Arm Observer: https://www.saobserver.net/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Similkameen Spotlight: https://www.similkameenspotlight.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Sooke News Mirror: https://www.sookenewsmirror.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Summerland Review: https://www.summerlandreview.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Surrey Now-Leader : https://www.surreynowleader.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Terrace Standard: https://www.terracestandard.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

The Free Press: https://www.thefreepress.ca/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Tofino-Ucluelet Westerly News: https://www.westerlynews.ca/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Vanderhoof Omineca Express: https://www.ominecaexpress.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

Victoria News : https://www.vicnews.com/news/b-c-s-skyrocketing-real-estate-market-will-correct-in-2019-analyst/

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.

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Canadian home buyers continue to catch their breath According to the Royal LePage House Price Survey1 and Market Survey Forecast released today, year-over-year home prices made modest gains in many regions across Canada in the third quarter of 2018. The national trend was largely influenced by price appreciation in Greater Vancouver, while property in the Greater Toronto Area experienced continued year-over-year price declines, with modest gains in value when compared to the previous quarter. Meanwhile, the Greater Montreal Area saw the highest year-over-year home price appreciation rate of the three largest Canadian metropolitan areas studied. The Royal LePage National House Price Composite, compiled from proprietary property data in 63 of the nation’s largest real estate markets, showed that the price of a home in Canada increased 2.2 per cent year-over-year to $625,499 in the third quarter of 2018. When broken out by housing type, the median price of a two-storey home rose 1.4 per cent year-over-year to $736,337, while the median price of a bungalow climbed 1.5 per cent to $519,886. Condominiums continued to see the highest rate of appreciation nationally when compared to the detached segment, rising 6.7 per cent year-over-year to $441,240. Looking ahead, Royal LePage is projecting a further uptick in home price appreciation in the fourth quarter, forecasting a 1.5 per cent increase in the aggregate price of a home in Canada over the next three months. “Positive economic fundamentals, supported by a new agreement on trade, should bolster consumer confidence across Canada and stoke demand in the nation’s real estate market,” said Phil Soper, president and CEO, Royal LePage. “Dangerously overheated regions have cooled considerably this year, while home prices have remained remarkably resilient. This is the soft landing that policy makers were hoping for.” After more than a year of intense negotiations, the federal government reached an agreement with the U.S. and Mexico on regional trade. Widely seen as a good outcome for the Canadian economy, the USMCA is expected to be signed into law before year end. “More confident that their jobs are secure, the new USMCA agreement has removed a widespread veil of uncertainty that was acting as a drag on large purchase decisions,” said Soper. “On the other hand, the trade deal paves the way for the Bank of Canada to raise interest rates. Overall, this is a positive development for housing industries on both sides of the border.” To view the chart with aggregated regions and markets visit royallepage.ca/houseprices For more information see royallepage.ca/mediaroom 1 Aggregate prices are calculated using a weighted average of the median values of all housing types collected. Data is provided by RPS Real Property Solutions. Tips for the perfect winter open house During the winter months, it may be hard to ready your home for an open house, but these tips can help buyers see past the snow and dream big. Access to your front door must be easy. Clear all snow and ice from the driveway, front walk, porch and any paths around the house and backyard. Decide how to manage coats and boots so as not to distract from your entryway’s first impression. Put out a freshly washed or new rug and keep a spare tucked away, as a backup. Fill your home with bright and warm light, creating a cozy contrast to the cold outside. Find the perfect temperature. Keep in mind the door is going to open and close throughout the day. Showcase summer photos. If you have a photo of your backyard in full bloom, blow up a copy and display it by the backdoor. Create a welcoming and relaxing first impression with light aromas. Brew coffee, warm a pie in the oven or light a mild-scented candle. The rule is to keep fragrances very light to not overwhelm scent-sensitive buyers. Resist the holidays. Holiday decorations act as clutter hiding your home’s potential, and nothing can make a room look smaller than a Christmas tree and gift-wrapped boxes. If you cannot resist, a small ornament on the hearth or another small nod to the holiday your family celebrates can add charm without taking over. Is your entryway winter-ready? Winter boots, coats, hats and mittens can create chaos when you first walk through the door, but with the right design plan, this area can be clutter-free. Not only will the space look tidy, you will save time and reduce stress when everything is dry and at your fingertips. Less water inside starts outside: Leave a rough mat outside to brush off snow and another mat inside where boots can dry. Air circulation: While it’s tempting to create storage with doors to hide bulky coats, you need air flow to dry garments and boots. Hooks are much more effective than cramming coats into a closet. Well-designed and sturdy hardware: Heavy coats that stay up the first time require a good hook. Since hooks are relatively inexpensive, don’t worry about saving a few dollars. A place for everything: No matter the size of your space, everything should fit neatly. If you have children in your family, assign each person a space. Extra winter gear can be passed along or donated. Protect your floors: It’s inevitable that even the best mat will leak or overflow. If you are putting in new flooring, you might want to consider waterproof materials such as tiles. Another option is to use a large rug that covers most of the space and fits nicely under the mat. Detoxify your home with plants Looking to add some fresh air indoors this winter? Visit your local gardening centre to add one of these detoxification powerhouses to your home. Lady Palm  Naturally resistant to insects and durable, this plant can grow 14 feet if given room. Highly adaptable to most indoor environments, this plant is a good choice for a beginner. Bamboo Palm  Scoring high in its ability to remove formaldehyde and benzene, two commonly found toxins in the home, bamboo palms are a perfect choice for a room that is bright and sunny. Areca Palm  This plant can grow over 10 feet tall and emits water vapour, a bonus for dry homes. Rubber Plant  If a room in your house gets a little cold, this may be the best plant for you. Tolerating temperatures as low as 5 degrees, rubber plants can also be placed in areas with low sunlight. Be sure to wear gloves when you are pruning, as the sap can irritate your skin. A common purpose and desire to help others Providing safety and hope to abused women and children brings Royal LePage REALTORS® together The Royal LePage Shelter Foundation, celebrating its 20th anniversary in 2018, brings Royal LePage professionals together to benefit an important cause: women’s shelters and helping put an end to domestic violence. Why is this a focus at Royal LePage? It’s because we know that a house is only a home if the people who live there feel safe, respected and loved. Sadly, that’s not the case for thousands of Canadian women and children who experience domestic violence. In fact, on any given night in Canada, 6,500 women and children sleep in a shelter because it’s not safe for them at home and as many as 300 are turned away because shelters are at full capacity. The Royal LePage Shelter Foundation provides an avenue for Royal LePage professionals to make a difference for these brave women and children. By organizing fundraising events, donating a portion of their commissions, volunteering at local shelters and taking part in our national fundraising campaigns, Royal LePage agents, brokers and employees have helped to raise more than $27 million since the foundation was founded in 1998. Our culture of giving is evident at both the office level and at all Royal LePage conferences and regional meetings, where fundraising for the Shelter Foundation takes centre stage. At the 2018 Royal LePage National Sales Conference, those in attendance helped to raise a record-setting $150,000 in just five days. But it’s more than just raising funds that keeps Royal LePage Shelter Foundation supporters motivated. It’s the opportunity for our agents to form strong friendships and professional networks with other like-minded individuals across the country. For example, the Royal LePage Shelter Foundation invited Royal LePage professionals to take part in unique travel experiences to Machu Picchu in 2015 and Iceland in 2017, challenging them to raise significant funds for women’s shelters and violence prevention programs. But the challenge didn’t stop at fundraising. On both adventures, trekkers hiked across gruelling terrain and climbed and descended steep hills. In Peru, trekkers fought through altitude sickness, while in Iceland they endured the crossing of icy rivers with water up to their thighs. They camped in tents, did without daily showers, and disconnected from home by turning off their cell phones. Throughout both treks, participants pushed themselves to the limits. They demonstrated courage, perseverance in the face of pain and exhaustion, and great kindness to one another. They carried each other’s gear, cheered for those who thought they couldn’t walk another step and helped one another through dehydration and injury. Cumulatively, these treks raised over $1.1 million in support of our shared cause. Currently, trekkers are preparing for their next adventure — a 100 km hike across the Sahara Desert in Morocco! A strong culture built around shared values including giving back to the community is unique to Royal LePage and it’s why we are the only national real estate company with our own charitable foundation. With the company covering all the Royal LePage Shelter Foundation’s administrative costs, 100% of funds raised go to where they are needed most. Together, we’re helping women and children safely rebuild their lives after violence. For more information on the Royal LePage Shelter Foundation, please visit royallepage.ca/shelter.

Canadian home buyers continue to catch their breath According to the Royal LePage House Price Survey1 and Market Survey Forecast released today, year-over-year home prices made modest gains in many regions across Canada in the third quarter of 2018. The national trend was largely influenced by price appreciation in Greater Vancouver, while property in the Greater Toronto Area experienced continued year-over-year price declines, with modest gains in value when compared to the previous quarter. Meanwhile, the Greater Montreal Area saw the highest year-over-year home price appreciation rate of the three largest Canadian metropolitan areas studied. The Royal LePage National House Price Composite, compiled from proprietary property data in 63 of the nation’s largest real estate markets, showed that the price of a home in Canada increased 2.2 per cent year-over-year to $625,499 in the third quarter of 2018. When broken out by housing type, the median price of a two-storey home rose 1.4 per cent year-over-year to $736,337, while the median price of a bungalow climbed 1.5 per cent to $519,886. Condominiums continued to see the highest rate of appreciation nationally when compared to the detached segment, rising 6.7 per cent year-over-year to $441,240. Looking ahead, Royal LePage is projecting a further uptick in home price appreciation in the fourth quarter, forecasting a 1.5 per cent increase in the aggregate price of a home in Canada over the next three months. “Positive economic fundamentals, supported by a new agreement on trade, should bolster consumer confidence across Canada and stoke demand in the nation’s real estate market,” said Phil Soper, president and CEO, Royal LePage. “Dangerously overheated regions have cooled considerably this year, while home prices have remained remarkably resilient. This is the soft landing that policy makers were hoping for.” After more than a year of intense negotiations, the federal government reached an agreement with the U.S. and Mexico on regional trade. Widely seen as a good outcome for the Canadian economy, the USMCA is expected to be signed into law before year end. “More confident that their jobs are secure, the new USMCA agreement has removed a widespread veil of uncertainty that was acting as a drag on large purchase decisions,” said Soper. “On the other hand, the trade deal paves the way for the Bank of Canada to raise interest rates. Overall, this is a positive development for housing industries on both sides of the border.” To view the chart with aggregated regions and markets visit royallepage.ca/houseprices For more information see royallepage.ca/mediaroom 1 Aggregate prices are calculated using a weighted average of the median values of all housing types collected. Data is provided by RPS Real Property Solutions.

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.

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USMCA will positively impact market in Q4:

 

Now that the United States-Mexico-Canada Trade Agreement is settled, expect the real estate market to receive a boost.

According to Royal LePage, the USMCA will function as a double-edged sword, but it will mainly be positive and the country’s real estate should bear witness to a 1.5% price gain.

“On the positive side, if you look at the underlying economy in 2018, it was a buoyant place—the best we’ve seen in 40 years,” said Phil Soper, Royal LePage’s CEO. “GDP growth has been strong, household formation is marching along, and yet for large purchases in particular in the housing industry, the number of transactions were down considerably. Our feeling is that the trade friction that existed between Canada and the United States—some of the very unstatesmanlike, aggressive attacks from the American administration aimed directly at Canada, Canadian leaders and business sectors were worrying people considerably to the point where there was actual job insecurity.”

Indeed, President Donald Trump threatened auto tariffs at one point, which could have decimated the industry north of the board. While the new trade agreement has allayed those fears, the psychological impact on the market was real.

“When consumer confidence wanes and there are employment concerns—people worrying about their jobs—it has a direct negative impact on large asset purchases such a buying a home,” said Soper. “That impediment, that drag on the market, was lifted with the US-Mexico-Canada Agreement, therefore, it should be a positive stimulus to consumer confidence and people’s willingness to engage in real estate transactions.”

Employment concerns may have subsided, but the Bank of Canada will almost certainly raise the interest rate—probably by 25 basis points, as it usually does—on Wednesday now that the USMCA has been established.  That could result in a temporal decline in activity.

“With the agreement, it clears a path for the Bank of Canada to raise interest rates, which will be a drag on the market. On balance, the two things work against each other. A significant increase in consumer confidence and the drag from a quarter point increase in the interest rate will have a positive impact on the Canadian and American real estate industries. Overall, it’s a good thing, but not without its qualification.”

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.

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Fall Market Update Niagara-Hamilton-Haldimand

 

 

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.

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Q3 2018 House Price Survey and Market Forecast

 

 

The Q3 2018 Royal LePage House Price Survey and Market Forecast Survey was released to media. Below you will find highlights from the release, links to social media assets available for you to share and select media coverage.

Key highlights from the national release include:

• The price of a home in Canada increased 2.2 % year-over-year to $625,499 in the third quarter of 2018 and is forecasted to make a 1.5% price gain in the fourth quarter
• Year-over-year home prices made modest gains in many regions across Canada in the third quarter of 2018, largely influenced by price appreciation in Greater Vancouver. During the same period, property in the Greater Toronto Area experienced continued year-over-year price declines, with modest gains in value when compared to the previous quarter.
• The United States-Mexico-Canada Agreement (USMCA) is expected to increase demand as many Canadians regain confidence in job market and consider large purchases
• Greater Montreal Area witnesses highest year-over-year appreciation rate among Canada’s three largest metropolitan areas, posting a healthy 5.4% price increase in the third quarter
• Greater Toronto Area (GTA) recovers from housing correction on a quarter-over-quarter basis while nearly all suburban regions studied post year-over-year price declines.

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.

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Expect an uptick in national home prices following sluggish first half of 2018

 

According to the Royal LePage House Price Survey* and Market Forecast Survey, home price appreciation slowed nationally in the second quarter of 2018, marked primarily by year-over-year price declines in the Greater Toronto Area (GTA). The Royal LePage National House Price Composite1, showed that the price of a home in Canada increased 2.0 per cent year-over-year to $613,968 in the second quarter of 2018. When broken out by housing type, the median price of a two-storey home rose 0.8 per cent year-over-year to $720,504, while bungalows climbed 1.8 per cent to $512,979. Condominiums posted a significant price gain, rising 8.1 per cent year-over-year to $435,421. Looking ahead, Royal LePage forecasts an uptick of 1.9 per cent in home price appreciation over the next three months. “We expect an uptick in sales volumes and prices during the second half of 2018,”said Phil Soper, president and CEO, Royal LePage. “The fundamentals have not changed; the economy is strong and unemployment is very low. We face inventory shortages in our major cities, with many more people looking for homes than the market has available. Upward pressure on prices will likely return to most markets during the third quarter.” In the second quarter of 2018, Ontario saw the most significant contrasts yet between home price appreciation rates in the surrounding Golden Horseshoe cities and beyond compared to central and suburban Toronto. Factors include a combination of buyers seeking affordable detached homes further out and retirees selling to release equity in their GTA property. In Quebec, the Greater Montreal Area witnessed strong home price increases, supported by solid economic performance. In the second quarter, the aggregate price of a home in the Greater Montreal Area rose 5.9 per cent year-over-year — well over the 2.0 per cent aggregate price increase observed nationally. The last time that the region’s rate of home price appreciation surpassed the national aggregate was in the second quarter of 20112, when the year-over-year increase in prices in the Greater Montreal Area reached 6.4 per cent, versus 4.7 per cent nationally. British Columbia continues to see the highest home prices and appreciation rates in the country, including solid double-digit home price increases in several Greater Vancouver suburbs. Looking ahead, Royal LePage experts in the Lower Mainland, however, have observed slowing market conditions — a result of new lending regulations and the B.C. government’s introduction of new tax measures targeting the housing market, combined with strained affordability.

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.

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Kitchen renovation has greatest potential to boost a property’s sale price

Key highlights from a Royal LePage survey include:

•  According to a cross-Canada survey of over 750 Royal LePage real estate experts, a kitchen renovation is the clear upgrade of choice with the potential to boost a property’s value by more than 12.5 per cent.^[1] Both ranking second, a finished basement or a new bathroom has the potential to increase a property’s value between 2.5 per cent and 12.5 per cent, depending on the investment.

See more details at:  https://www.royallepage.ca/en/realestate/news_fr/kitchen-renovation-has-greatest-potential-to-boost-a-propertys-sale-price/

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.

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Expect an Uptick in National Home Prices Next Quarter Following Sluggish First Half of 2018

Key highlights from the national release include:

• Home price appreciation slowed across Canada in the second quarter of 2018, marked primarily by softness in the Greater Toronto Area (GTA). The price of a home in Canada increased 2.0 per cent year-over-year to $613,968 this quarter
• Looking ahead, Royal LePage is projecting an uptick in home price appreciation in the third quarter of 2018 with the aggregate price of a home in Canada set to increase 1.9 per cent compared to the second quarter
• GTA expected to post third quarter price gains after price declines in the second quarter
• Greater Montreal Area home price appreciation surpasses the national rate for the first time in seven years
• Greater Vancouver home values forecast to increase 1.5 per cent over the next three months
• Southern Ontario cities outside the GTA post highest home price increases in the province as buyers migrate to affordable communities
• In Western Canada, B.C. continues to see the highest home prices and appreciation rates in the country

See more details at:  https://www.royallepage.ca/en/realestate/news/expect-an-uptick-in-national-home-prices-next-quarter-following-sluggish-first-half-of-2018/

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.

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RLP – Canadian Recreational Property Prices Forecast to Appreciate 5.8% in 2018

Retiring Baby Boomers and Gen-Xers drive the recreational property market

New speculation tax serves as a cold shower for would-be B.C. investors

See more at:  https://www.royallepage.ca/en/realestate/news/canadian-recreational-property-prices-forecast-to-appreciate-5-8-in-2018/

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.

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