2021 Royal LePage boomer trends survey unveils real estate intentions of powerful demographic The Royal LePage comprehensive survey of 2,000 boomers from coast-to-coast unveiled key trends within this powerful demographic. With over 9.1 million boomers in Canada, their real estate and purchasing decisions are far reaching.
Royal LePage forecasts continued price growth in second half of 2021 Canada’s home price appreciation rate peaked early in the second quarter but home prices are still expected to rise at a more modest pace for the remainder of the year, according to the Royal LePage House Price Survey.
Sold over asking: What does this mean for homebuyers? In a hot seller’s market with low inventory and house prices rising in many regions in Canada, many homebuyers are paying over the asking price. Whether these buyers found the perfect home and are willing to pay the elevated price, they believe the home is undervalued, or they just want to buy now before prices rise further, homebuyers need to consider the impact this will have on them if they are financing the purchase.
Solving Canada’s Housing Affordability Crisis While the housing affordability crisis is top of mind for many Canadians trying to get into the market, the chronic housing shortage that is the source of the problem, has been challenging many urban centres from coast-to-coast for years.
Q2 2021Windsor-Essex Real Estate Stats For the second quarter of 2021 (April through June), the market for Windsor-Essex real estate remained extremely strong. Sales, listings, and the average price of a home all experienced a sharp increase compared to the same time period in 2020. The number of homes sold in Windsor and Essex County climbed to over 3,800, up 43.2% over the previous year, while the average price of a home was up 42.2% to over $540,000. Listings were up 28.4%, providing buyers with more choices when searching for their next home or investment property. Even with more inventory available, the percentage of listings that sold was also up and reached 75%, up from 68% in Q2 2020. Most Popular Styles of Home in Windsor and Essex County The most popular style of home for buyers in Windsor-Essex was bungalows, followed by 2 storey homes, 1 1/2 storey homes, ranches, and raised ranches. Apartments and condominiums also continued to be a popular choice for buyers, and saw an increase in their average sale price. Learn…
What is the Home Buyers' Plan? Coming up with a down payment for a home can seem overwhelming, but you may have more money than you think if you have been contributing to your Registered Retirement Savings Plan (RRSP).
