Despite softening activity, Canada’s winter recreational property market is expected to see price gains in 2024
Nationally, median house price forecast to rise 2.9% in 2024 as interest rates are expected to stabilize or moderate.
Activity in Canada’s winter recreational home markets has cooled from pandemic-era highs with fewer buyers putting pen to ...
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Posted by Brad Bragg on December 17, 2023 in Housing Market
Federal Government pledges more funding for affordable housing
What does it mean for the average Canadian?
On November 21st, the Government of Canada unveiled its 2023 Fall Economic Statement, an annual fiscal report that provides an update on the state of the Canadian economy and the government’s ...
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Posted by Brad Bragg on November 26, 2023 in Housing Market
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
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
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
The NLhomefinder Difference
The NLhomefinder & Royal LePage Difference
At NLhomefinder & Royal LePage, Helping you is what we do™, and our philosophy is as true today as it was over 100 years ago when our company was founded. ...
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Posted by Brad Bragg on May 27, 2020 in Selling Your Home
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