National aggregate home price increases 21.4% year-over-year  Third quarter highlights: Royal LePage maintains its 2021 forecast, with the national aggregate home price expected to rise 16.0% in Q4, compared to a very strong Q4 2020 Very low inventory pushes potential buyers to sidelines amid national housing supply crisis, resulting in pent-up demand 5% of regions surveyed saw double-digit year-over-year aggregate price growth in Q3 Condominiums continue price rebound in... [read more]

TORONTO, November 1, 2021 – According to a recent Royal LePage survey[1] of more than 950 real estate professionals from across Canada, the commonly held belief that it’s best to wait out the winter and list in the spring has been turned on its head this year, given the current strength of the seller’s market. Seventy-nine per cent of survey respondents, who indicated a seasonal preference for selling, would advise Canadians looking to sell their homes to list this winter,... [read more]

Omicron variant emergence may extend period of unusually strong real estate markets The GTA is the only region where condominium price appreciation is forecast to outpace that of detached homes; prices expected to rise 12.0% year-over-year in 2022 Greater regions of Toronto and Vancouver forecast to see highest aggregate price appreciation at 11.0% and 10.5%, respectively Detached home prices in Halifax expected to rise 10.5%, followed by the Greater Montreal Area and Ottawa... [read more]