News: Vancouver Real Estate Market

Royal LePage predicts continued stability in Canada’s winter recreational real estate market as interest rates expected to hold or moderate

• National single-family home price in Canada’s winter recreational market decreased 0.7% year over year in the first 10 months of 2023

• 24% of Royal LePage recreational property market experts reported a decline in buyer demand this year as a result of climate factors or environmental disasters, following unprecedented wildfire season

• 41% of experts reported an increase...

The aggregate price of a home in Canada increased 2.2% year-over-year to $648,544 in the fourth quarter of 2019 as reported by the Royal LePage House Price Survey. As we have seen in the third quarter, potential buyers are continuosly coming back to the real estate market.

Buyers stayed in the sidelines during the first half of 2019, trying to guage the potential impact of the federal mortgage stress test."The federal government has signaled that changes could come to the mortgage stress test mechanism...