Real Estate

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September 2023 Market Update

Last month, there were 266 sales of single-family homes in the VIREB area, an eleven per cent increase from one year ago (239) and down by 18 per cent from August 2023 (324).Sales of condo apartments in September came in at 85, increasing by 63 per cent year over year. In the row/townhouse category, 71 units changed hands last month, up 48 per cent from one year ago and down 8 per cent from August.Active...

august

August 2023 Market Update

Last month, there were 324 sales of single-family homes in the VIREB area, a seven per cent increase from one year ago (304) and down by 21 per cent from July 2023 (414).Sales of condo apartments in August came in at 85, increasing by 29 per cent year over year but down 13 per cent from the previous month. In the row/townhouse category, 77 units changed hands last month, up 51 per cent from one year ago...

june 2023

July 2023 Market Update

Last month, there were 414 sales of single-family homes in the VIREB area, a 41 per cent increase from one year ago (294) and down by two per cent from June 2023 (424).Sales of condo apartments in July came in at 98, increasing by 31 per cent year over year but down 12 per cent from the previous month. In the row/townhouse category, 86 units changed hands in July, up 69 per cent from one year ago and down...

rlp july

Royal LePage’s Q2 2023 Home Price Update and Market Forecast

Home prices expected to hold steady through remainder of 2023, despite anticipated drop in activity following second consecutive increase to BoC’s overnight lending rate. Here are some of the highlights from the Royal LePage report, and click through to read the whole update on their blog post. National aggregate home price remained almost flat year-over-year in Q2 2023 (-0.7% over Q2 2022) and...

june

Royal LePage’s June 2023 Market Update

Last month, there were 424 sales of single-family homes in the VIREB area, a five per cent increase from one year ago (403) and up by 13 per cent from May 2023 (488).Sales of condo apartments in June came in at 111, increasing by 39 per cent year over year and 29 per cent from the previous month. In the row/townhouse category, 101 units changed hands in June, up 49 per cent from one year ago and seven per...

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Royal LePage’s May 2023 Market Update

Last month, there were 488 sales of single-family homes in the VIREB area, an eight percent increase from one year ago (450) and up by 25 percent from April 2023 (391).Sales of condo apartments in May came in at 86, declining by seven percent year over year and increasing by 12 percent from the previous month. In the row/townhouse category, 94 units changed hands in May, down nine percent from one year ago...

may

Royal LePage’s Q1 2023 Home Price Update and Market Forecast

The spring market is off to a healthy start. Buyer activity picked up earlier than was anticipated in the first quarter of 2023, pushing home prices up over the final quarter of last year. As a result, home prices in Canada are expected to continue climbing, albeit at a much slower rate than the last two years.Royal LePage is forecasting that the aggregate price of a home in Canada will increase 4.5% in...

march 2023 update

March 2023 Market Update

Last month, there were 381 sales of single-family homes in the VIREB area, a 26 per cent decrease from one year ago (515) and a 73 per cent increase from February 2023 (220). Sales of condo apartments in March 2023 came in at 66, declining by 46 per cent year over year and increasing by three per cent from the previous month. In the row/townhouse category, 77 units changed hands in March, down 26 per cent...

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