The recently distributed Royal LePage report on essential home features for Canadians planning to age in place was distributed to the media this week. The release includes insights from experts across Canada...
Blog & News: News Media Reports
STUDY SAYS OWNING HAS MORE BENEFITS THAN RENTING
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...
MORE THAN ONE IN TEN HOMEOWNERS IN CANADA'S THREE LARGEST URBAN CENTRES OWNS MULTIPLE PROPERTIES
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...
BOOMER TREND SURVEY UNVEILS REAL ESTATE INTENTIONS OF POWERFUL DEMOGRAPHIC
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...
INCREASING NUMBER OF CANADIANS ANXIOUS ABOUT MISSING OUT ON THEIR FIRST HOME DUE TO AN INSUFFICIENT DOWN PAYMENT
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)...
Canadian home prices forecast to end year 13.5% higher than 2020 as waning affordability and modestly improving supply begin to slow the pace of future increases
First quarter regional highlights:
- Addressing chronically low inventory critical in solving nation's housing affordability crisis
- Aggregate price of a home in Canada rose 14.1% year-over-year in the first...
Royal LePage's 2021 Demographic Survey - Canadians aged 25-35
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...
RAPID RECESSION FROM COAST TO COAST
The Bank of Canada economic update reveals one million job losses in the month of March, which exceeded anything we've experienced. Furthermore, the losses in April are said to be far higher compared to...
Where are BC's Best Bets for Real Estate Investment?
Six of the top 10 cities are in the Lower Mainland, according to annual rankings.
The rapidly growing city of Surrey is once again ranked as the best bet to invest your...
Budget 2017—BCREA News Release
Vancouver, BC – February 22, 2017. On the heels of multiple government announcements in 2016 and early 2017, the British Columbia Real Estate Association (BCREA) welcomes the latest: an increase in...