Blog posts labelled: coquitlam royal lepage

Despite Affordability Challenges, A Quarter of Canadian Renters Plan to Get a Foot on the Property Ladder in the Next Two Years

Posted on June 20, 2024 by David Reimers

Posted in Coquitlam Royal LePage, Renters Report, Renting in BC

As a real estate agent serving the Greater Vancouver area, I often hear from clients about the challenges and dreams of owning a home. A recent report from Royal LePage sheds light on an encouraging trend: despite affordability challenges, a quarter of Canadian renters plan to purchase a home within the next two years. This report provides valuable insights into the current mindset of renters and what it means for the real estate market.

Rising Ambitions Amidst Rising Costs

The report highlights that...

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Buyers’ purchase plans gain momentum in Q1 to get ahead of rising home prices, and anticipated interest rate cuts

Posted on April 13, 2024 by David Reimers

Posted in Aggregate Home Price, april real estate, BC Home Prices, Coquitlam Royal LePage, Greater Vancouver Home Sales, spring real estate market

Typically, spring marks the peak activity season for Canada's real estate sector, as warmer weather prompts a surge in buying and selling nationwide. However, in 2024, this bustling spring market began earlier than usual and is experiencing added pressure. Aspiring homebuyers, who had been waiting on the sidelines, are now reentering the market ahead of anticipated interest rate cuts. This rush is expected to intensify competition and drive home prices even higher.

Royal LePage® projects that the overall...

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Despite the continued slowdown in market activity, national home prices close out 2023 above last year

Posted on January 19, 2024 by David Reimers

Posted in december sales, 2023 Market Report , City of Vancouver, Coquitlam Royal LePage, Market Statistics Real Estate

Royal LePage expects sidelined buyers to re-engage this quarter ahead of expected rate cuts by the Bank of Canada.

National Summary

National aggregate home price increased 4.3% year over year in Q4 2023; decreased 1.7% quarter over quarter. Aggregate home price in greater regions of Toronto, Montreal and Vancouver posted gains of 5.1%, 4.1% and 2.7% year over year, respectively, in final quarter of 2023.

Among report’s major regions, Calgary recorded highest year over year price appreciation (10.7%);...

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Competition heats up among buyers as summer arrives

Posted on June 5, 2023 by David Reimers

Posted in 2023 Market Report , Coquitlam Royal LePage, david reimers real estate, Greater Vancouver real estate market update, MLS Home Sales, real estate sales

While the year started slower than usual, Metro Vancouver’s1 housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,4112 in May 2023, which is a 15.7 per cent increase from the 2,947 sales recorded in May 2022, and a 1.4 per cent decline from the 10-year seasonal average (3,458).

"Back in January, few people would have predicted...

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