News: Vancouver Real Estate Market
Posted on
April 1, 2022
by
David Reimers
Despite a return to pre-pandemis travel and interest rate increases, demand still outnumber supply in amy recreational regions
Highlights:
Posted on
October 7, 2021
by
David Reimers

A new study from Royal LePage has found that homeowners who can afford 20% down payments are much better off in the long run than renters.
In fact, buying a home in Canada with an uninsured mortgage puts homeowners ahead of renters in 91% of cases analysed.
"Canadians strongly value homeownership for many reasons. Not only is it a great source of pride, it is likely the largest and most significant financial investment most people will ever make," Karen Yolevski, chief operating officer of Royal LePage...
Posted on
July 28, 2021
by
David Reimers

Highlights:
- 14% of homeowners in Greater Vancouver, 13% in the Greater Toronto Area and 12% in the Greater Montreal Area own more than one property
- More than 40% of secondary property owners in the greater regions of Vancouver and Toronto, and 21% in the Greater Montreal Area, used equity from their primary residence to make the purchase
- 65% of secondary property owners in Greater Vancouver, 64% in the Greater Toronto Area and 35% in the Greater Montreal Area, are collecting rental income, at least...
Posted on
June 30, 2021
by
David Reimers

Survey Highlights:
- 40% of boomer homeowners have at least half of their net wealth in real estate
- 52% of boomer homeowners would prefer to renovate their current property over moving
- 17% of boomer homeowners currently own more than one property
- 64% of boomer homeowners are mortgage-free
- 25% of boomers say they have or would assist a child financially to buy a home
TORONTO, June 30, 2021 – According to a recent Royal LePage survey of boomers in Canada, defined by StatsCan as having been born...
Posted on
May 14, 2021
by
David Reimers

Highlights:
- 75% of first-time homebuyers in Toronto and 69% in Vancouver reported feeling worried that they would not have a large enough down payment to purchase a home (68% and 58% in 2019, respectively)
- In Montreal, 63% of survey respondents felt worried about the size of their down payment before purchasing their first home, in line with the national average of 62%
- First-time homebuyers in all regions, with the exception of Alberta and the Prairies, reported higher rates of anxiety compared to...
Posted on
March 1, 2021
by
David Reimers

Royal LePage Survey: Nearly half of Canadians aged 25 to 35 own their home; one quarter of these homeowners have purchased a property since the onset of the COVID-19 pandemic
52% say remote work has increased likelihood of moving further from employer
Highlights:
- 68% of non-homeowners aged 25 to 35 intend to purchase a home within five years
- 72% of cohort feels confident in their short-term financial outlook
- 40% of cohort saw their savings grow since mid-March
- Royal LePage survey includes national,...
Posted on
January 28, 2021
by
David Reimers
Fourth quarter regional highlights:
- Price of detached homes continue to outpace condominiums as Canadians trade location for square footage
- Despite strong push toward the suburbs, Toronto and Montreal single-family homes see double-digit price gains in city centres
- Median price of a two-storey home in Greater Vancouver rises 8.8% as buyers prioritize square footage
- Out-of-region buyers spur Maritimes’ home prices, as option of remote work and demand for large, affordable properties grows
- Aggregate...
Posted on
October 17, 2019
by
David Reimers
Posted in
bc home sales, bc real estate market, Canada Real Estate, Coquitlam Royal Le Page, Greater Vancouver, home buyer, home owner, Metro Vancouver, real estate, Vancouver Condos, Vanouver Home Sales
The Royal LePage 2019 Newcomer Survey, shows that Canadian newcomers are heading to make 680,000 home purcahses over the next five years. British Columbia is the third most popular destination for international migration.
There is a 32% homeownership rate in Greater Vancouver. “Greater Vancouver is one of the most desirable places in the world to live and we attract newcomers who are optimistic about what the city has to offer in terms of both lifestyle and employment,” said Randy Ryalls,...
|