Walk. Shine. Support.

On October 23, at 7:00 p.m. PDT, join us at Town Centre Park – West Lawn for the Royal LePage® Shelter Foundation™ Night Light Walk™ presented by TD – Coquitlam 2025—a meaningful 3 km journey under lantern-lit streets in support of women and children escaping intimate partner violence.

A special shout-out to our hosts—Royal LePage® Elite West, Royal LePage® Sterling Realty, and Royal LePage® West Real Estate Services—for helping us light the path forward.

Each walker will glow with a red toque and LED bracelet—join the movement and shine for change. Register today to make every step count: https://raceroster.com/.../royal-lepage-shelter...

#NightLightWalk #ShelterFoundation #TogetherWeWalk #SupportSurvivors #EndDomesticViolence

Walk. Shine. Support.

On October 23, at 7:00 p.m. PDT, join us at Town Centre Park – West Lawn for the Royal LePage® Shelter Foundation™ Night Light Walk™ presented by TD – Coquitlam 2025—a meaningful 3 km journey under lantern-lit streets in support of women and children escaping intimate partner violence.

A special shout-out to our hosts—Royal LePage® Elite West, Royal LePage® Sterling Realty, and Royal LePage® West Real Estate Services—for helping us light the path forward.

Each walker will glow with a red toque and LED bracelet—join the movement and shine for change. Register today to make every step count: https://raceroster.com/.../royal-lepage-shelter...

#NightLightWalk #ShelterFoundation #TogetherWeWalk #SupportSurvivors #EndDomesticViolence

Cambodia Challenge for Shelter!

For 5 days, I’ll be trekking alongside like-minded colleagues from coast to coast all in support of the Royal LePage Shelter Foundation. While my trek towards the picturesque temples of Angkor Wat will be immensely rewarding, it will not be easy! Days will be long, hot, and humid, and jet lag will be intense. I will be going without the comforts of home, sleeping in a small tent, using rustic bathroom facilities, and unplugging completely from cell service and technology. 

To be eligible to take part, I will pay my own trek and travel expenses and must raise at least $6,000 for the Royal LePage Shelter Foundation. Of the funds I raise, 80% will be directed to my local women’s shelter, and 20% will fund national domestic violence prevention programs. 

I was personally a victim of domestic violence in a past relationship. I know the feeling that exists out there for women. I know what it’s like to feel like you have nowhere to turn. I want to be not only a voice, but also a vehicle for change. I want to change and better the lives of women and children who are affected by domestic violence. 

I know the adventure ahead will test me both physically and emotionally, but I’ve raised my hand because I believe that a house is only a home when the people who live there feel safe. As I face this challenge, I will draw strength knowing that every dollar I raise and every kilometer I walk will help make it easier for women and children to find the safety, hope, and healing they deserve.

Will you join me by donating towards my fundraising goal? 

https://secure3.convio.net/rlsf/site/TR/Events/General?px=1066204&pg=personal&fr_id=1370

Thank you for your support!    

The Royal LePage Shelter Foundation issues tax receipts in February for all donations of $20 or more made in the previous calendar year.

Emily Taverna  Royal LePage West Real Estate Services 604-760-3990

Fall is a beautiful time of year. As the leaves change colour, pumpkin patches open, and people enjoy spiced lattes and sweater weather, it’s only fitting to add a little fall flair to your home as well. And, seasonal décor doesn’t have to be difficult or break the bank. 

Just in time for the Thanksgiving long weekend, here are some simple tips to warm up your home and a touch of autumn to your style:  

Warm up your front entrance

Adorn the front of your home with fall-inspired welcome mats, wooden crates, and squash in various shapes and sizes. The beauty of fall is that there is no symmetry needed. Scatter different sized boxes, fall signs and a mix of small and large decorative pumpkins (real or fake). Hang a fall wreath made of twigs, and add a brown, orange or burgundy ribbon for a pop of colour. 

Decorate your dining space

Beautify your home indoors with orange and earthy tones. Add a table runner, some coloured napkins on the table, and coordinating candles in the scents of the season. You can elevate your seasonal look with small squashes and gourds as centerpieces. And, don’t be afraid to bring the outside in… Design your own table arrangement with twigs, leaves and pine cones you collect. 

Add a cookie and coffee station

Nothing says fall like warm beverages and treats while enjoying the crisp air! Impress your guests with a coffee and tea station. Set up cups, specialty teas displayed in a glass bottle, hot coffee and flavoured syrups in a section of your dining room or kitchen. Use risers or wooden trays to give the display some complexity. Add a cookie jar or cake stand with some fall goodies such as butter tarts, chocolate chip cookies, or brownies. You can also have a seasonal fruit basket with apples and pears. 

Make it cozy

Celebrate fall with comfort by adding aromatic autumn candles… Think cinnamon, vanilla, pumpkin spice scents. Light them in the evenings for ambiance. Add fall-themed throw cushions, and add an earthy-toned warm blanket on your couch (check out Pinterest for inspiration on how to arrange pillows and blankets).

These simple tricks can elevate your home decor and make it feel as warm as your pumpkin or apple pie this season!

Fifth straight monthly sales gain results in strongest August since 2021

August brought another small but steady increase in national home sales, extending a rebound that’s been building momentum since the spring, according to the latest report from the Canadian Real Estate Association (CREA). With five straight months of price gains, housing activity is showing signs of sustained stability, even as regional trends shift and supply levels begin to balance out. 

Monthly sales see a modest climb

Home sales across Canadian MLS® Systems edged up by 1.1% in August 2025, marking the fifth month in a row of rising activity. Since bottoming out in March, national sales have climbed by a cumulative 12.5%. It was the most active August in four years, signaling a market that continues to build momentum.

The Greater Toronto Area, the typical driver of national gains, saw a slight dip in sales in August. But that small decline was more than offset by stronger activity in other major markets, particularly Montreal, Greater Vancouver, and Ottawa.

“Activity has continued to gradually pick up steam over the last five months, but the experience from a year ago suggests that trend could accelerate this fall,” said Shaun Cathcart, CREA’s Senior Economist. “Part of what drives sales at different points in the year is the availability of a lot of fresh property listings for buyers to buy. For the fall market, that always happens right at the beginning of September, and this year was no exception. If last year is any kind of guide, then there is the potential that sales could really pick up in the next month or so depending on how many buyers are drawn off the sidelines, particularly if we see a September rate cut by the Bank of Canada.”

Inventory reaches a seasonal norm

There were 195,453 homes listed for sale across all Canadian MLS® Systems at the end of August, up 8.8% compared to the same time last year. This level of inventory is in line with what’s typical for late summer.

In August, the national months of inventory stood at 4.4, the lowest reading since January and just below the long-term average of five months. Markets with under 3.6 months of inventory are considered seller-friendly, while those above 6.4 months tend to favour buyers.

“August continued the trend of rising sales in many markets across the country, and while momentum slowed compared to July, much of that is simply a reflection of the time of year,” said Valérie Paquin, CREA Chair. “Now that we are on the other side of Labour Day, new listings are flooding onto the market.”

Sellers continued to return to the market in August, with new listings increasing by 2.6% month over month. Because listings outpaced the growth in sales, the national sales-to-new listings ratio eased for the first time since March, dipping to 51.2%, down slightly from 52% in July.

The long-term average for this ratio is 54.9%. A range between 45% and 65% is generally considered to reflect a balanced market, and August’s numbers fall comfortably within that zone.

Average price edges higher

The national average home price, not seasonally adjusted, came in at $664,078 in August 2025, up 1.8% from August 2024. This reflects modest annual growth as markets across the country continue to regain their footing.

The National Composite MLS® Home Price Index was nearly unchanged in August, edging down just 0.1% from July. After experiencing declines earlier in the year, national benchmark prices have been relatively flat since April, pointing to a period of price stability. Compared to a year earlier, the benchmark price was down 3.4%. 

Choosing a rug is one of the most foundational design decisions you’ll make when decorating your home. A rug does much more than create softness underfoot – it defines the space, anchors your furniture, and brings your entire aesthetic together. 

With so many sizes, patterns, and materials available, the options can feel overwhelming. This room-by-room guide to help you choose a rug that works for both your layout and lifestyle.

Table of contents

Rug selection tips

• When bigger is better

• How to map it out

• Choosing the right rug material

Best rugs by room

• Living room

• Dining room

• Bedroom

• Entryways, hallways, and kitchens

Final thoughts

Rug selection tips

When it comes to rugs, bigger is usually better

One of the most common rug-buying mistakes is choosing a rug that’s too small for the space. A rug that doesn’t reach under furniture or bring the room together visually can make everything feel disconnected and unfinished. Instead, aim for a size that ties your furniture together and provides a sense of balance. A larger rug creates a grounded look and ensures the placement feels intentional.

Stuck between sizes? When in doubt, mark it out

If you’re stuck between rug sizes, try mapping it out first. Try using painter’s tape to outline the dimensions of the rug directly on your floor. It’s a simple way to visualize how the rug will fit within the room and alongside your furniture. Experiment with different sizes and layouts!

Material Matters: Choose based on use

Rugs may look similar at first glance, but the material you choose has a big impact on how it performs over time. Here’s a quick guide to material options:

• Wool rugs are soft, naturally stain-resistant, and incredibly durable, ideal for high-traffic areas. They tend to be more expensive, but are a worthwhile investment.

• Cotton rugs are lightweight and easy to clean, though they may not hold up as long in busy rooms.

• Synthetic rugs like polypropylene are affordable, resilient, and a great choice for homes with pets or young children.

• Natural fibre rugs such as jute or sisal add beautiful texture and an organic feel, but are best suited for lower-traffic spaces or when layered under a softer rug.

Rugs by the room

Grounding your gathering space with the right rug

In large or open-concept living rooms, choose a rug big enough to fit all of the main pieces of furniture entirely on the rug, like the sofa, chairs, and coffee table. This will create a cozy, unified seating area.

In smaller living rooms, it’s okay if not every piece fits entirely on the rug. Instead, make sure the sofa’s back legs are against a wall and the front legs of all seating rest on the rug to keep the space visually balanced.

A good rule of thumb? When you sit down, your feet should land on the rug. It’s a small detail, but it makes the room feel much more pulled together.

Rug too small? Your dining room chairs will tell you

When selecting a rug for the dining room, consider the size of your table PLUS the space around your chairs when they are pulled out. Aim for at least 30 inches of clearance around the table on all sides so chairs remain on the rug, even when in use. For most dining spaces, rugs in the 8′ x 10′ or 9′ x 12′ range work well.

Since this area of the home is prone to spills, materials matter. Opt for low-pile, easy-to-clean rugs made from durable fibres. If you have kids, pets, or love to host, washable dining rugs might also be an option to consider.

In the bedroom, comfort starts underfoot

Bedrooms offer a bit more flexibility when it comes to rug layout. The size of the rug you choose depends greatly on what you’d like to be resting on top of the rug – is it just the bedframe, or accompanying furniture like nightstands and dressers? To keep things visually balanced, avoid leaving furniture half on, half off the rug. Refrain from placing a small rug at the foot or side of the bed on its own, as it can feel disconnected and out of scale.

Here are three common ways to position a rug in the bedroom:

• Just the lower third of the bed on the rug – a great option for smaller spaces or when you want to keep the look light and airy.

• A rug that extends slightly beyond the bed frame – enough to give your feet a soft landing on both sides.

• A rug large enough to fit the entire bed, nightstands, and even a dresser – perfect for a cohesive, fully grounded look in larger rooms.

Style meets function in entryways, hallways, and kitchens

In high-traffic areas like entryways and hallways, function and durability are key. A runner or a 2′ x 3′ rug can provide comfort while still protecting your floors, especially during wet or snowy months. Look for natural fibres or low-pile synthetics that are easy to clean and durable.

In the kitchen, a cushioned mat in front of the sink can make a big difference in comfort and support for homeowners who love to cook! Since this is a high-use space prone to spills, wipeable, washable and stain-resistant materials work best.

Final thoughts

Whether it’s a soft place for your feet to land when you get out of bed in the morning or creating a welcoming first impression at the door, a thoughtfully chosen rug can bring beauty, comfort, and personality to your home.

Your home is more than a place to sleep and eat – it’s your sanctuary. A calming environment can do wonders for your mood, productivity, and overall well-being. But, even small visual distractions, like cluttered countertops or a pile of shoes at the front door, can subtly disrupt your sense of peace.

To create a home that promotes clarity, calm, and ease, it helps to start with your physical surroundings. Below are nine practical ways to improve the flow and organization of your space, removing both visual and mental barriers along the way.

1. Declutter surfaces

Clear your kitchen and bathroom countertops of unnecessary items. Everyday essentials should be stored in drawers, cabinets, or organizing containers – out of sight but easy to access. Avoid overcrowding surfaces with decorative items, and keep high-traffic areas like hallways and entryways free of obstruction.

2. Prioritize clear pathways

Walk through each room and consider how easily you can move from one area to the next. Furniture should support natural movement, not block it. When possible, place larger pieces like couches or dressers against the wall to free up space in the center of the room and improve overall flow.

3. Choose furniture that fits the room

Select furniture that’s appropriate in both size and purpose for the space it’s in. For example, dining tables should allow enough space for chairs to move freely, even when people are seated. Oversized furniture in small rooms can feel overwhelming, while undersized pieces in large rooms may appear disconnected.

4. Soften sharp corners

In smaller areas, opt for round or oval-shaped tables rather than square or rectangular ones. Soft, curved edges promote smoother movement and a more relaxed energy throughout your space.

5. Let air and energy circulate

Avoid storing items under beds, couches, or dressers, as these areas collect dust and interrupt airflow. Instead, use closets with doors to tuck away seasonal items, storage bins, or extra supplies. Open space beneath furniture helps maintain a cleaner, lighter aesthetic.

6. Create visual harmony

Use a consistent colour palette throughout your home to create visual flow between rooms. A cohesive scheme doesn’t have to be uniform, just complementary. Add personality through removable accents like pillows, artwork, or throws that can easily be updated or replaced.

7. Maximize natural light and openness

Natural light boosts moods and creates a sense of openness. Avoid placing furniture in front of windows, and keep doorways free from obstructions so they can open fully. These small adjustments make a big impact on how open and welcoming a space feels.

8. Add calming scents

Scent can powerfully influence your mood. Use an air purifier in the kitchen to remove lingering food odours. In your bedroom or living room, a diffuser with light, natural essential oils (like eucalyptus, citrus, or lavender) can create a calming atmosphere without overwhelming the space.

9. Reduce noise pollution

A calm home isn’t just about what you see, it’s also about what you hear. Minimize disruptive noise by adding soft furnishings that absorb sound, like rugs, curtains, and upholstered furniture. Use a white noise machine or soft background music in bedrooms or workspaces to create a more soothing atmosphere.

When your physical space feels clear, your mind often follows. By making a few intentional changes, you can create a home that supports your well-being, reduces stress, and welcomes you with calm and clarity at the end of every day.

Finding the right home is one of the most exciting and significant decisions you’ll ever make. While there are countless online resources and tools available to help you research neighbourhoods, compare listings, and set your budget, there’s no substitute for the expertise of a licensed real estate professional.

A REALTOR®1 does more than show you homes. They act as your trusted advisor throughout the entire buying journey, from the first conversation about your goals to the moment you pick up the keys. By getting to know your needs, lifestyle, and budget, they can help you uncover opportunities you might otherwise miss, and guide you through every stage of the transaction with confidence.

Here are some of the top benefits of working with a real estate professional when buying your next home.

Access to more properties

While online listing platforms are a great place to start, they don’t show you everything. Licensed real estate agents have access to professional databases, industry networks, and insider knowledge about homes coming onto the market before they’re widely advertised. Some properties sell before ever being posted online, while others may only appear publicly for a short period of time. By working with a REALTOR®, you gain access to this wider pool of options, giving you a better chance of finding the perfect property that checks all your boxes.

Skilled negotiation

Buying a home is about more than finding the right property – it’s also about securing the right price and terms. Agents are trained negotiators who understand local market dynamics, recent sales, and fair value. With access to reliable data, they can assess whether a listing is competitively priced and help you craft a strong offer. Their experience can make a real difference in ensuring you don’t overpay, while also helping you stand out in competitive situations.

Guidance through a complex process

Purchasing a home involves far more than signing on the dotted line. From drafting and reviewing contracts, understanding conditions and deadlines, to ensuring compliance with legal requirements, the process can feel overwhelming without expert support. A REALTOR® brings clarity to each step, walking you through the paperwork and procedures, and making sure nothing falls through the cracks. Their expertise reduces stress and protects you during what is likely one of the most significant financial transactions of your life.

A trusted network of professionals

Your real estate agent isn’t just a guide for the home search – they’re also a connector to other trusted professionals who play a role in your move. From mortgage brokers and home inspectors to appraisers, lawyers, contractors, and movers, your agent can recommend reputable experts who can help you complete your purchase smoothly and with confidence. Instead of searching blindly for reliable help, you benefit from your REALTOR®’s experience and established relationships.

Local knowledge you can rely on

Every neighbourhood has its own character, and agents know their communities inside and out. Whether you’re curious about local schools, transit options, recreation facilities, or future development plans, your agent can provide valuable insights. This local expertise helps you make an informed choice about not just the home itself, but the lifestyle and long-term value that come with it.

Ready to start your home search?

When you’re making such an important decision, having the guidance of a professional can help you feel confident every step of the way. A Royal LePage REALTOR® will be there to help you navigate the process, advocate for your best interests, and connect you with the resources you need to succeed

Minimalism has long been a staple in interior design, but today’s take is warmer, softer, and more personal. While “minimalist” once conjured images of cold, clinical spaces and stark modern lines, the style has evolved – now embracing comfort, texture, and lived-in character.

Ready to simplify your space without sacrificing comfort or personality? Here’s how you can achieve a minimalist look that feels intentional, inviting, and uniquely yours.

Table of contents

• What is minimalist interior design?

• The rise of warm minimalism in 2025

• Declutter with purpose

• Use a neutral colour palette

• Lighting ideas for minimalist spaces

• Curved and functional furnishings

• Add natural décor elements

• Layer textures for depth

• Embrace negative space

• Add personal touches with purpose

• Final thoughts

What is minimalist interior design?

Minimalist design focuses on functionality, clarity, and visual calm. It emphasizes clean lines, neutral colours, and a clutter-free environment. But the modern take on minimalism – often called warm minimalism – brings softness and personality into the mix, making it more inviting and livable.

The rise of warm minimalism in 2025

In 2025, minimalist homes are shifting away from stark and sterile toward cozy, organic spaces. Warm minimalism embraces neutral colour palettes, natural materials like wood and linen, and sculptural design elements. The goal is to create tranquil, spacious interiors that still feel personal.

Key warm minimalist design elements:

• Earthy tones: ivory, taupe, clay

• Natural textures: stone, wood, linen

• Subtle decor: sculptural vases, warm lighting, greenery

• Space to breathe: open layouts, intentional negative space

Declutter with purpose

Decluttering is the first and most essential step in creating a minimalist home. But it’s not just about getting rid of things—it’s about refining your space to reflect what matters to you.

Ask yourself:

• What do I use and love?

• What supports how I want to live?

• What adds value or meaning?

For the pieces you intend to keep, especially clothing and kitchen appliances, proper storage is an important consideration. Keeping these items in their proper place and out of view is ideal.

Utilize a neutral colour palette

Neutral colours provide a clean, soothing canvas. If you’re not a fan of true whites, opt for creamy tones like ivory, taupe and clay – they can be softer on the eyes and more inviting. A neutral colour palette allows you to bring colour in through accent pieces. 

Lighting for your minimalist home 

Lighting plays a huge role in warming up minimalist interiors. Choose light fixtures with natural materials, like linen, wood, or frosted glass, and opt for warm LED bulbs instead of cool-toned lighting.

Tips for minimalist lighting:

• Use soft-glow lamps and wall sconces

• Maximize natural light with sheer curtains

• Add mirrors to reflect sunlight and open up small rooms

• Look for organic shapes that complement your furniture

Movement in functional furnishings

Traditional minimalist design references sleek, clean lines. However, adding curvy organic forms with furniture and fixtures where possible is embraced and encouraged. Taking the rigidity out of minimalism by balancing clean lines with curves creates a polished and purposeful aesthetic. Think curved dining chairs, rounded faucets and softer light fittings.

Opt for natural décor elements

A key element of minimalism is bringing the outdoors in with a thoughtful and intentional placement of indoor plants, herbs and décor inspired by nature. During the winter seasons, decorate with pinecones and evergreens, and in the summer, fresh flowers from the garden. These items are simple in design, yet impactful in their ability to capture warmth. 

Layer texture thoughtfully

Texture is your friend in minimalist design. A wool rug, soft linen drapes, or a stone countertop introduce subtle variation without chaos. These tactile layers create depth and comfort, essential in making a space truly livable.

Embrace negative space

Spaces are calmer when they’re not overcrowded. Limit decor items to a few favourites, such as a framed photo, a simple candle and a sculptural vase. This allows your key pieces to shine and your rooms to feel intentionally curated, not bare and boring.

Weave in personal touches

Modern minimalism makes room for art, heirlooms, and any other décor that speaks to your unique style. Instead of an assortment of items adorning all surfaces of your space, the key is to keep clutter at bay by selecting one or two meaningful pieces that tell your story.

If you don’t want to part with your treasures and trinkets, store them! Have specific areas of your home that you use to showcase a curated and controlled selection of your most prized possessions. Treat these areas like an art gallery, seasonally switching out pieces so all items have time to shine.

Final Thoughts

Minimalist interiors have come a long way from cold, sparse spaces. Today, it’s about building tranquil spaces, abundant in warmth and personality. By being intentional with materials, décor, function, and breathing room, you’ll create a home that’s not only calming but full of charm and character. Most importantly, your home becomes a reflection of your life, a space you truly want to live in.

Trade tensions with the United States weigh on economic growth, prompting rate cut

Today, the Bank of Canada announced that it has cut the overnight lending rate by 25 basis points to 2.5%. This marks the first rate cut since March.

With softness taking hold in the labour market and trade tensions with the US choking economic growth, the Governing Council opted to lower the cost of borrowing.

“At this rate decision, there was clear consensus to lower our policy rate for the first time since March. We will continue to assess the impacts of tariffs and uncertainty on economic activity and inflation. We are paying close attention to how exports evolve given the impact of US tariffs and changing trade relationships; how much this spills over into business investment, employment and household spending; how the cost effects of trade disruptions and reconfigured supply chains are passed on to consumer prices; and how inflation expectations evolve,” said Tiff Macklem, Governor of the Bank of Canada, in a press conference with reporters following the announcement.

Canada’s Consumer Price Index (CPI) rose 1.9% year over year in August, up from 1.7% in July. The uptick was mostly due to gasoline prices.

“We are focused on ensuring that Canadians continue to have confidence in price stability through this period of global upheaval. We will support economic growth while ensuring inflation remains well controlled,” said Macklem.

Rate cut could support burst of fall market activity 

After a subdued spring, Canada’s major housing markets saw modest gains in activity over the summer. With borrowing costs now lower, the fall season – traditionally one of the busiest times of the year for real estate – could see a stronger pickup in buyer activity.

According to the latest Royal LePage® Home Price Update and Market Forecast, the aggregate price of a home in Canada eased upwards modestly in the second quarter of 2025, increasing 0.3% year over year to $826,400. On a quarter-over-quarter basis, the national aggregate home price decreased by 0.4%.

“In a departure from its recent holding pattern, the Bank of Canada has resumed cutting its overnight lending rate. While inflation is holding at the Bank’s target, a softening Canadian labour market tipped the balance toward further rate relief this time around,” said Phil Soper, president and CEO of Royal LePage.

“The effects of Canada’s tariff dispute with the United States became evident over the summer, with layoffs rising in August and job losses concentrated in trade-dependent industries, such as warehousing and manufacturing. Though inflation remains under control, this latest cut underscores the Bank’s efforts to support broader economic stability,” noted Soper. “For the housing market, lower borrowing costs should stimulate some fresh momentum heading into the fall, traditionally the second-busiest season for home sales. In higher-priced regions like Ontario and British Columbia, this may be the catalyst that encourages more buyers to re-enter the market in the months ahead.”

The Bank of Canada will make its next interest rate announcement on Wednesday, October 29th.

Read the full September 17th report here. Want to know more about how the overnight lending rate works? Read our explainer on how the Bank of Canada uses this financial tool.

Despite improving affordability, majority of first-time homebuyers say they plan to buy in 12-24 months

Canada’s housing market may be opening new doors for first-time buyers, thanks to lower borrowing rates, softer prices and more listings to choose from. But, uncertainty in the economy and an abundance of choice have led to a lack of urgency to buy, prompting many young Canadians to take their time before entering the market.  

According to a recent Royal LePage survey, conducted by Burson,1 13% of Canadian adults say they are actively working towards the purchase of their first residential property within the next two years. Of this group, a small proportion say they are working towards their first purchase within the next 12 months, while the majority (82%) say they are planning to make a purchase in 12 to 24 months. 

When asked what stage of the purchasing process they are in, more than half (51%) of first-time buyers said they are currently researching neighbourhoods where they can afford to live, 49% are actively browsing online listings, 19% are actively viewing homes listed for sale in person, and 19% have engaged with a real estate agent. Respondents were able to select more than one answer.

“Interest rates are trending lower and prices have stabilized or even softened in some markets, creating favourable conditions for long-awaited entry into home ownership, especially in costly cities like Toronto and Vancouver. Yet, hesitation remains,” said Phil Soper, president and CEO, Royal LePage. “For some, ongoing economic uncertainty, particularly surrounding trade relations with the United States, is prompting them to hold off until there are signs of stability. Buying a home is the biggest financial decision most people will ever make, and first-time buyers naturally want to do so with as much certainty as possible. 

“Others are choosing to wait in hopes of securing a better deal. With the potential for further rate cuts from the Bank of Canada this year, those in no rush to purchase now are taking a methodical approach – building up their savings and deliberately planning their entry into the market when they feel the timing is best for them.”

Financial support continues to flow from family to first-time buyers

While many buyers continue to rely on help from family to make their first home purchase, most do not. When asked if they would receive any financial assistance towards the purchase of their first residential property, more than half (51%) said they would not receive any help. Meanwhile, 41% of first-time buyers said they would. Even as affordability has improved in several markets over the past year, many first-time purchasers continue to rely on financial support to take their first step onto the property ladder.

Among first-time homebuyers who will receive financial support, 29% say it will be in a lump sum with no repayment expected, 27% will receive a loan from family or friends that they will pay back, 28% will have a family member or friend co-sign their mortgage loan, and 26% will receive financial assistance towards their monthly mortgage payments. Respondents were able to select more than one answer.

“Despite improving affordability, many first-time buyers continue to rely on family financial support. This transfer of wealth has become increasingly common, as parents look to give their children the same opportunity for stability and long-term financial growth that they themselves experienced through home ownership. For some buyers, financial contributions from family can make the decisive difference between becoming a homeowner and remaining a tenant,” said Soper.

“However, many lack access to this kind of support, forcing them to adopt more creative and often difficult approaches to saving. Some delay major life milestones, such as marriage or starting a family, in order to prioritize home ownership. Others cut back significantly on discretionary spending, or continue living at home with parents well into adulthood to build up their savings. While determination and careful planning help these buyers reach their goals, the gap between those who receive financial assistance and those who do not highlights the deep affordability challenges in today’s market.”

Detached homes remain the top choice

Despite the hefty price tag, many first-time buyers continue to aspire to own a detached property as their entry into the market. Nearly half (49%) of respondents plan to purchase a single-family detached property as their first home, followed by 26% who intend to buy a condominium or apartment, according to the survey. 

“The dream of a first home often collides with budget reality. While most aspire to own a detached house, affordability often dictates a more modest starting point,” said Soper. “With many employers requiring staff to return to the office, proximity to transit and other amenities has become an increasingly important factor in the search. New buyers also show a clear preference for properties in move-in ready condition, as few have the time or financial flexibility for major renovations.”

Other interesting highlights from the survey:

• More than half (53%) of first-time buyers plan to put at least 20% down on their purchase; while 39% will not and will therefore need to buy mortgage insurance.

• 42% of first-time buyers say they will prioritize the neighbourhood where they want to live, regardless of the distance to their job, while 31% say they will purchase a home based on proximity to their work.

• Finding a home that is move-in ready is the most important non-price related factor for first-time buyers, according to Royal LePage professionals across the country. 

Read the full press release and review the data chart for more details:

PRESS RELEASE

DATA CHART

Another Bank of Canada rate cut and easing prices helped home sales registered on the MLS® in Metro Vancouver* edge higher relative to September last year. 

Sales

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,875 in September 2025, a 1.2 per cent increase from the 1,852 sales recorded in September 2024. This was 20.1 per cent below the 10-year seasonal average (2,348). 

"With another cut to Bank of Canada’s policy rate behind us, and markets pricing in at least one more cut by the end of the year, Metro Vancouver homebuyers have reason to be optimistic about the fall market. Easing prices, near-record high inventory levels, and increasingly favourable borrowing costs are offering those looking to purchase a home this fall with plenty of opportunity."Andrew Lis, GVR director of economics and data analytics

Listings

There were 6,527 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2025. This represents a 6.2 per cent increase compared to the 6,144 properties listed in September 2024. This was 20.1 per cent above the 10-year seasonal average (5,434). 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,079, a 14.4 per cent increase compared to September 2024 (14,932). This is 36.1 per cent above the 10-year seasonal average (12,553). 

Sales-to-active listings ratio

Across all detached, attached and apartment property types, the sales-to-active listings ratio for September 2025 is 11.3 per cent. By property type, the ratio is 8.5 per cent for detached homes, 12.7 per cent for attached, and 13.3 per cent for apartments. 

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. 

MLS® HPI

“The past few years have been quite challenging for the market, beginning with 2022’s rapid increase in interest rates, major political and policy shifts in subsequent years, and recent trade tensions with the USA weighing on the market,” Lis said.

“With the acute impacts of these events now fading, we expect market activity to continue stabilizing to end the year, barring any unforeseeable major disruptions.” 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,142,100. This represents a 3.2 per cent decrease over September 2024 and a 0.7 per cent decrease compared to August 2025. 

Sales of detached homes in September 2025 reached 552, a 7 per cent increase from the 516 detached sales recorded in September 2024. The benchmark price for a detached home is $1,933,100. This represents a 4.4 per cent decrease from September 2024 and a 0.9 per cent decrease compared to August 2025. 

Sales of apartment homes reached 954 in September 2025, a 1.5 per cent increase compared to the 940 sales in September 2024. The benchmark price of an apartment home is $728,800. This represents a 4.4 per cent decrease from September 2024 and a 0.8 per cent decrease compared to August 2025.

Attached home sales in September 2025 totalled 356, a 5.8 per cent decrease compared to the 378 sales in September 2024. The benchmark price of a townhouse is $1,069,800. This represents a 2.7 per cent decrease from September 2024 and a 0.9 per cent decrease compared to August 2025. 

*Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.