More than 3 million Canadians have a mortgage renewing in the next 18 months, and most of them are worried about it
The Bank of Canada announced on October 25th it would be holding its key lending rate at 5.0%, the second consecutive hold since two quarter-point increases were made over the summer. Since March of last year, the central bank has imposed an ...
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Posted by Brad Bragg on October 31, 2023 in Housing Market
Canadians are combining their buying power and co-owning homes with family and friends to combat unaffordability
High property prices, elevated interest rates and the rising cost of living has prompted many Canadians to rethink their lifestyle and housing needs. For some, this means pooling financial resources with other family members and friends in order to ...
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Posted by Brad Bragg on September 8, 2023 in Housing Market
Latest interest rate hike will soften housing market activity, but home prices are not likely to go down
Canadians continue to grapple with the increased cost of living, and the Bank of Canada’s latest hike to interest rates this week will add more pressure to variable rate mortgage holders, as well as those looking to qualify for lending. While ...
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Posted by Brad Bragg on July 17, 2023 in Housing Market
2022 national home price forecasted to end year modestly below 2021 following Q3 price declines
Royal LePage is forecasting that the aggregate price of a home in Canada will decrease 0.5 per cent in the fourth quarter of 2022, compared to the same quarter last year. The forecast has been revised downward, reflecting an expected flattening ...
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Posted by Brad Bragg on January 27, 2023 in Housing Market
Continued home price gains in St. John's driven by low supply and motivated buyers
ST. JOHN’S, October 13, 2022 – According to the Royal LePage House Price Survey released today, the aggregate price of a home in St. John’s increased 8.2 per cent year-over-year to $334,000 in the third quarter of 2022. During ...
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Posted by Brad Bragg on October 13, 2022 in Housing Market
Spring housing market poised for continued price growth following double-digit Q1 gains
According to the latest Royal LePage House Price Survey released, the aggregate price of a home in St. John's increased 11.3 per cent year-over-year to $315,500 in the first quarter of 2022. Canada’s real estate market has sustained ...
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Posted by Brad Bragg on April 18, 2022 in Housing Market
3 Advantages of the Winter Real Estate Market
You may be wondering if it’s a bad idea to list your home for sale in the winter months because the market is slower. But with the delayed spring market pushing buyer demand into the fall, this year has proven different. In 2020, low ...
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Posted by Brad Bragg on January 21, 2021 in Housing Market
5 Things to Know About Homes for Sale in St. John's Housing Market 2020
A great turnout by members of the Mount Pearl - Paradise Chamber of Commerce who met with Chris Janes, CMHC to discuss the 2020 housing market and the overall economy. Many were interested in learning how 2019 compared to previous years, and how ...
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Posted by Brad Bragg on January 29, 2020 in Housing Market
What's in store for the St. John's NL area market in 2020?
Curious to know what the 2020 market will look like? Are you interested in learning how 2019 was and how economic factors like population employment, wage growth and affected the markets?
Presented by Chris Janes, Senior Analyst, Economics at ...
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Posted by Brad Bragg on January 9, 2020 in Housing Market
Just Released: The Q4 2019 Royal LePage House Price Survey
According to the Royal LePage House Price Survey released today, the aggregate price of a home in St. John's decreased 0.7 per cent year-over-year to $324,735 in the fourth quarter of 2019.
The median price of a standard two-storey home in the area ...
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Posted by Brad Bragg on January 9, 2020 in Housing Market