small tasks that save big on repairs

SURREY, BC – Market conditions are ideal for Fraser Valley home buyers this summer, but the persistent gap between buyers’ and sellers’ price expectations continues to suppress sales.

The Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®) in July, down half a per cent from June and down three per cent year-over-year. July sales were 23 per cent below the 10-year average.

The supply of homes for sale dipped slightly in July, down two per cent from June to 10,650, nearly 50 per cent above the 10-year seasonal average. New listings declined five per cent over June to 3,453. The Fraser Valley remains in a buyer’s market with an overall sales-to-active listings ratio of 11 per cent; the market is considered balanced when the ratio is between 12 per cent and 20 per cent.

“Home sellers are having to work harder than they did a year or two ago,” said Tore Jacobsen, Chair of the Fraser Valley Real Estate Board. “In a market where buyers are cautious and have ample choice, successful sellers are going the extra mile to meet buyers where they’re at—staging their home, handling repairs up front, and most importantly, pricing their homes realistically for the current market conditions.”

Across the Fraser Valley in July, the average number of days to sell both a single-family detached home and a condo was 38 days. Townhomes took, on average, 35 days to sell.

“The housing market, like other sectors, continues to process the effects of the ongoing tariff threats,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “The slowdown in home sales this spring and summer has largely been driven by uncertainty and fear. Buyers and sellers are taking measures to offset the anticipated impacts, knowing that the economic effects of tariffs will likely take some time to be fully realized throughout the system.”

The composite Benchmark price in the Fraser Valley decreased 0.7 per cent in July, to $944,800.

To read the full statistics package, click here.

With Your Home Purchase - Needs and want

With an appreciation of what you can afford, determine your needs and wants within your home purchase price range:

Consider your current lifestyle as well as any lifestyle changes you foresee longer term.

Select an urban, suburban or rural location that best serves the needs of your evolving lifestyle.

Choose neighbourhoods in close proximity to the amenities that are most important to you like schools, shopping, entertainment, recreation and transportation.

Consider your commute times to work, school, friends and family.

Determine the size of home you require, such as the minimum number of bedrooms, as well as any other space requirements, like room for a home office.

Understand the home features most important to you, such as additional bathrooms or a large yard.

Decide on a property type that suits your lifestyle, needs and finances whether condo, townhouse, single or multi-family dwelling.

Ask for Help:

We can help you validate your needs and wants in light of current market conditions. Put our expertise to work for you and learn more about these steps in your home purchase.

With Your Home Purchase - Financing

Organizing your finances is the critical first step in your home purchase:

Consider the one-time costs associated with a home purchase, including a down payment, legal fees, taxes and moving expenses.

Understand ongoing monthly costs, including mortgage payments, insurance, utilities, property taxes, maintenance and, if applicable, condo fees.

Take into account the equity you may have in your current home and the applicable mortgage options available for your next move.

Pre-qualifying for a mortgage gives you the comfort of knowing how much you can afford and what your monthly payments will be.

A pre-approval from a mortgage lender protects you against interest rate increases for a given period during your home search.

Ask for Help:

We can help provide you with tools and resources to organize your finances.

Put our expertise to work for you and learn more about these steps in your home purchase.

The Canadian housing market showed fresh signs of momentum in June, with home sales continuing their upward trend and prices stabilizing after several months of declines, according to the latest report from the Canadian Real Estate Association (CREA). While activity remains below historical highs, buyers are clearly stepping back in, especially in the Greater Toronto Area, where sales have been on a rebound since spring. 

Sales see second month of gains

Home sales recorded over Canadian MLS® Systems climbed 2.8% in June compared to May. This follows a 3.5% increase the month before, marking two solid months of recovery. Sales in the GTA have risen 17.3% cumulatively since April – a strong signal that buyers are becoming more active in one of the country’s largest markets.

Compared to June 2024, national sales activity was up 3.5%, further reinforcing the trend.

“At the national level, June was pretty close to a carbon copy of May, with sales up about 3% on a month-over-month basis and prices once again holding steady,” said Shaun Cathcart, CREA’s Senior Economist, in the report. “It’s another month of data suggesting the anticipated rebound in Canadian housing markets may have only been delayed by a few months, following a chaotic start to the year; although with the latest 35% tariff threat, we’re not out of the woods yet.”

Fewer new listings tighten the market

While more homes are selling, fewer are hitting the market. New listings dropped 2.9% month over month, helping tighten market conditions. As a result, the national sales-to-new-listings ratio rose to 50.1% in June, up from 47.3% in May, pushing the market further into balanced territory. 

At the end of June, there were just over 206,000 properties listed for sale across Canada – about 4.7 months worth – 11.4% higher than this time last year. 

Prices hold steady after spring declines

The national MLS® Home Price Index (HPI) slipped just 0.2% from May to June, a modest change following three consecutive months of roughly 1% declines. Year over year, the HPI was down 3.7%.

The national average home price came in at $691,643 in June, down 1.3% compared to June 2024. 

“Most housing markets continued to turn a corner in June, although market conditions still vary considerably depending on where you are in Canada,” said Valérie Paquin, CREA’s Chair. “If the spring market was mostly held back by economic uncertainty, barring any further big shocks, that delayed activity could very likely surface this summer and into the fall.”

A lush, healthy lawn does more than improve curb appeal – it creates a space for relaxation, play, and connection. Whether you’re starting from scratch or reviving patchy grass, the key to lawn success is consistent care rooted in smart, seasonal decisions. From soil prep to watering, mowing, and fertilizing, this guide walks you through the essentials of lawn maintenance in Canada for every yard size and condition.

Start with the soil

Healthy grass starts below the surface. Begin by clearing away dead leaves, branches, and leftover clippings. If your lawn feels uneven or compacted, lightly rake and level out bumps.

Aeration is essential, especially in high-traffic zones or areas where water tends to pool. Aerating loosens the soil and allows oxygen, water, and nutrients to reach the roots, setting the foundation for strong growth.

Seed strategically

If your lawn looks thin or patchy, overseeding is a smart move. The best time for most Canadian climates is early fall, when conditions are cool, moist, and free from weed competition.

• Choose a grass seed mix suited to your region and sunlight exposure.

• Keep newly seeded areas evenly moist – not soggy – for several weeks.

• Morning watering is best to reduce evaporation and disease risk.

Water wisely

Let your lawn tell you when it’s thirsty. Instead of watering on a strict schedule, watch for signs of dryness: blades that curl, turn bluish-grey, or don’t spring back after being walked on. Water your lawn deeply and in the morning to reduce evaporation and give roots time to absorb moisture before the heat sets in. Always aim for about one inch of water per week, depending on your grass type and local rainfall. 

Sprinkler systems or timed irrigation can help you water efficiently, saving both water and money, especially if your system is set up to target areas evenly and avoids run-off.

Fertilize with intention

Feeding your lawn properly helps it grow thick and vibrant.

• Look for slow-release fertilizers or step-based programs that feed over time instead of giving your lawn a sugar rush.

• If you’re sowing new grass, use a starter fertilizer that supports root growth and avoid using spreaders with hollow wheels, as they can leave ruts that disrupt seedlings.

• Over-fertilizing can scorch your lawn. Under-fertilizing leads to weak growth. The key is consistency and even application.

Mow with care

Cutting grass seems simple, but doing it wrong can do more harm than good.

• Never cut wet grass – it tears more easily and can clog your mower.

• Stick to the one-third rule: never cut off more than a third of the blade height. Ideally, mow when your grass is about four inches tall, cutting it back to three inches. This helps protect roots from sun damage and discourages weed growth.

• Keep mower blades sharp – dull blades rip the grass instead of slicing cleanly, which can lead to disease.

• Switch up your mowing pattern regularly to prevent soil compaction and ruts.

• Don’t scalp your lawn (cutting grass too short) in the hopes of mowing less – it shocks the plant and invites weeds.

Tidy the edges

Clean, crisp edges make a world of difference. Use a trimmer or edger along walkways, driveways, and garden beds. Not only does this make your lawn look professionally maintained, it prevents overgrowth from creeping into unwanted areas.

Watch for trouble

Brown patches can pop up even in a well-tended lawn.

• It could be dormancy. Grass will naturally go brown to conserve energy during extreme heat or drought. If it springs back after rain or watering, there’s no need to panic.

• Other culprits include fungal disease, pet urine, or poor drainage. Inspect the soil, remove any thatch buildup, and adjust watering habits if needed.

• Weeds? Spot-treat with a selective herbicide (not a total vegetation killer), and be careful not to overapply.

Final Thoughts

Lawn care doesn’t have to be overwhelming. Think of it like tending to any living thing: with the right foundation, consistency, and a willingness to observe and adapt, your lawn can become one of your home’s happiest features. Take the time to understand what it needs, season to season.

Greater regions of Toronto and Vancouver recorded rising inventory and softening prices last quarter, while Montreal saw prices trend upward

The federal election, tariff turbulence and mixed economic signals dominated headlines during the spring and first weeks of summer of 2025. Faced with growing uncertainty, many homebuyers across Canada hit pause, choosing to delay major decisions until clearer signs of stability emerged.

According to the Royal LePage® House Price Survey and Market Forecast released today, the aggregate1 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%.

When broken out by housing type, the national median price of a single-family detached home increased 1.1% year over year to $870,200, while the median price of a condominium decreased 0.8% to $592,000. On a quarter-over-quarter basis, home prices continued to flatline, with the median price of a single-family detached home increasing just 0.2%, and the median price of a condominium decreasing a modest 1.0%. 

The start of the spring market – typically one of the busiest times of year for home buying and selling – was noticeably subdued in several regions this year, namely in Toronto and Vancouver, two of the country’s largest and most expensive markets. Amid global political and economic uncertainty, many homebuyers continued to take a cautious, wait-and-see approach. The Bank of Canada also held back, maintaining its overnight lending rate at 2.75% during its scheduled April and June announcements, citing the need to “gain more information about both the path forward for U.S. tariffs and their impacts.”2 Sellers, on the other hand, continue to actively list their homes for sale despite lower than normal activity.

“Homebuyers approached the start of the 2025 spring market with hesitation, dampening what is typically the busiest season on the real estate calendar,” said Phil Soper, president and CEO of Royal LePage. “With trade disputes, a federal election, and international conflicts dominating headlines through the first half of the year, many prospective buyers chose to wait. Yet, market fundamentals remain sound; interest is strong while activity is subdued, reflecting the uncertainty weighing on consumer sentiment. Encouragingly, June’s robust employment report may help rebuild confidence and bring more buyers off the sidelines in the months ahead.”

According to a recent Royal LePage survey, conducted by Burson, 28% of Canadians who currently rent say that, before signing or renewing their current lease, they considered buying a property rather than renting.3 When asked what factors influenced their decision to rent instead, 40% of respondents said they are choosing to wait for property prices to decline; 29% are choosing to wait for interest rates to decrease further; and 28% say they are working towards buying a property, and continuing to rent allows them to save for a sufficient down payment. Respondents could select more than one answer.

“With borrowing costs stable and inventory levels continuing to build, the foundation is in place for a stronger market this fall – and signs of renewed confidence are beginning to emerge,” noted Soper. “After a market slowdown, there’s always the risk that a sudden surge in demand could reignite uncomfortable levels of house price inflation. But, unlike previous cycles, inventory is higher than recent norms, which should help absorb returning demand and keep price appreciation in check. This makes for a healthier, more balanced recovery as buyers come back into the market.”

Canada’s regions see mixed spring results

The spring slowdown in activity was most evident in markets across Ontario and British Columbia, where rising inventory and stagnant demand have persisted for several months. Notably, activity began to pick up in the final weeks of the quarter – a break from the usual seasonal slowdown and an early signal that market momentum may be shifting.

“Canada has always been a ‘market of markets,’ and that reality is on full display in 2025,” said Soper. “Most regions saw modest year-over-year price growth this spring, with Quebec in particular outperforming other provinces, posting growing sales volumes and robust price appreciation. Cautious consumer sentiment in Toronto and Vancouver – the country’s most expensive housing markets – continued to weigh heavily on national average calculations in our second quarter report. Toronto posted a strong rebound in activity from mid-May through June, while sales activity in Vancouver stabilized in the final month of the quarter – early signs that confidence is returning. These conditions underscore the importance of interpreting national housing trends through a local lens.”

Read Royal LePage’s second quarter release for national and regional insights. 

Second quarter press release highlights:

• Greater Montreal Area’s aggregate home price increased 3.5% year over year, while the greater Toronto and Vancouver markets recorded declines of 3.0% and 2.6%, respectively in the second quarter. 

• 38 of the 64 cities in the report saw year-over-year prices rise or remain roughly flat, while 26 markets saw home prices decline – a majority of which are in the province of Ontario.

• For the fifth consecutive quarter, Quebec City leads the country in aggregate price appreciation, increasing 13.5% year over year in Q2.

• Royal LePage lowers its national year-end forecast modestly, with prices now expected to increase 3.5% in Q4 2025 over the same quarter last year.

NATIONAL PRESS RELEASE

Q2 PRICE CHART

FORECAST CHART

When warm weather finally arrives in Canada, we want to soak up every second, and that often means spending more time outside. Whether you’re planning to lounge, dine, or entertain outdoors, a well-furnished patio, balcony, or backyard can transform how your space feels and functions.

Here’s how to choose outdoor furniture that reflects your style, stands up to the elements, and turns your outdoor area into a true extension of your home.

Table of contents

• Start with style

• Define the function of your space

• Choose weather-resistant materials

• Consider a gazebo

• Winter storage tips

• Budget-friendly ideas

• Final thoughts

Start with style

Today’s outdoor furniture design is every bit as refined as indoor options. Whether your aesthetic leans modern and minimal, breezy and boho, traditional and timeless, or a curated mix of styles, let your anchor pieces, like seating and tables, set the tone.

Here are a few commonly available styles for inspiration:

• Modern: Clean lines, neutral tones, and matte metal frames.

• Boho: Woven textures, rattan, and low-profile seating.

• Classic: Structured silhouettes, deep-toned wood, and wrought iron accents.

• Mixed: Stick to a unified palette or texture to tie pieces together.

Once your essentials are in place, layer in ambiance. Think string lights, lanterns, and weather-safe lamps. Add softness and colour with outdoor cushions, throws, and rugs. Don’t forget the plants! Larger potted plants, hanging baskets, or even herb garden greenery brings any setup to life.

Define the function of your space

Before you shop, ask yourself how you’ll be using the outdoor space. Are you planning to lounge with a good book, host backyard BBQs, or create a kid-friendly play zone? Your lifestyle should guide your furniture choices.

Swings, hammocks, and daybeds help create a space-saving laid-back vibe, while adjustable tables and modular seating offer flexibility. Be sure to measure your space carefully and bring these dimensions with you when making your purchase. 

Choose weather-resistant materials

Canadian winters can be harsh in many parts of the country, and your outdoor pieces need to handle it all: humidity, sun, rain, and frigid winters. Choosing the right materials is key.

Here is a material guide to refer to when shopping:

• All-weather wicker: Lightweight, classic, and resistant to fading and cracking.

• Aluminum: Rustproof, low-maintenance, and great for damp or coastal climates.

• Teak or hardwood: Beautiful and long-lasting; just be ready to seal it each year.

• Stainless steel: Strong and sleek, though heavier and pricier.

• Plastic or resin: Budget-friendly and lightweight, but prone to sun fading over time.

Whichever materials you choose, following care instructions will help extend the life of your furniture. Although it’s essential to store your furniture in the winter months, covering your furniture and storing cushions when not in use all year long extends the life of your investment with little effort. 

Consider a gazebo

A gazebo or pergola instantly elevates your backyard. These structures not only provide shade and protection from rain and mosquitos, but they also help define your outdoor living space. Some models are designed to be temporary, while others are permanent fixtures. Choose a size that fits your layout and leaves enough room for furniture.

Winter storage tips

In Canada, storing outdoor furniture properly is non-negotiable. If possible, move everything into an indoor space like a garage or basement for the winter. If that’s not feasible, cover your furniture with high-quality, weather-resistant covers to protect it from snow and freezing temperatures. Deck boxes are great for storing cushions and smaller accessories.

When spring arrives, give your furniture a good cleaning and any necessary touch-ups before setting it up again.

Budget-friendly ideas

Outdoor furniture can be a big investment, but it doesn’t have to break the bank. Shop second-hand for high-quality pieces, or reupholster tired cushions with weather-resistant fabric in a colour or pattern that suits your style. Wood furniture can be refinished and sealed for a fresh new look.

Final thoughts 

Whether you have a sprawling backyard or a condo balcony, you can create a stylish, functional outdoor space that feels like home. Choose durable materials, define how you want to use your space, and shop with purpose – then settle in and savour the season!

The Royal LePage® Shelter Foundation™ is delighted to announce the publication of its first-ever Impact Report!

In this informative and engaging publication, you will: 

• Learn about the state of Intimate Partner Violence in Canada and why our work has never been more important

• Celebrate the success of our fundraising programs and recognize the incredible generosity of our donors 

• Explore how your donations make a difference in the lives of women and children

• Look ahead to what’s in store for the next 5 years! 

Thanks to supporters like you, we’re making sure that everyone in our country has a safe place to call home – free from violence. 

To access a PDF version of this report suitable for printing, please click here. 

Climate events like storms, floods, and wildfires are becoming more frequent and severe. Preparing your home for extreme weather is no longer optional — it’s non-negotiable for protecting your property and keeping your family safe. 

This guide will help you secure key areas of your home, from the roof to the basement, ensuring you’re ready for whatever nature throws your way.

Protect Your Roof

Your roof is your home’s first line of defense against extreme weather.

• Inspect regularly: Check for loose shingles, damaged flashing, or signs of wear. Address issues promptly to avoid leaks during storms.

• Reinforce the structure: Install hurricane clips or straps to secure the roof to the walls, particularly if you live in a storm-prone area.

• Clear debris: Keep gutters and downspouts clean to prevent water buildup that can damage your roof.

Fortify your windows

Windows are vulnerable during high winds and storms. Strengthen them to reduce the risk of breakage.

• Install storm shutters: These provide a protective barrier during hurricanes and heavy storms.

• Upgrade to impact-resistant glass: These windows can withstand strong winds and flying debris.

• Use caulk or weatherstripping: Seal gaps around windows to prevent water intrusion and improve energy efficiency.

Pro Tip: Keep heavy-duty plastic sheeting on hand for temporary repairs after a storm.

Waterproof your basement

Flooding is a common threat, especially during heavy rains or rising waters.

• Install a sump pump: A sump pump with a battery backup can remove water quickly during a flood.

• Seal cracks: Use waterproof sealant to close cracks in basement walls and floors.

• Elevate utilities: Raise appliances, HVAC systems, and electrical outlets above potential flood levels.

Pro Tip: Keep a dehumidifier in the basement to manage moisture and reduce mold risk.

Safeguard your deck and outdoor spaces

Outdoor areas are particularly exposed to extreme weather. Protect them to minimize damage.

• Anchor furniture: Secure patio furniture and other outdoor items to prevent them from becoming projectiles in high winds.

• Waterproof wood surfaces: Apply sealant to decks and fences to protect against water damage and rotting.

• Trim trees: Remove overhanging branches near your home to reduce the risk of damage during storms.

General preparedness tips

No matter the type of extreme weather, preparation is key.

• Create an emergency kit: Include essentials like flashlights, batteries, water, non-perishable food, and a first-aid kit.

• Review your insurance policy: Ensure your coverage includes damages from floods, wildfires, or hurricanes as needed.

• Develop an evacuation plan: Know the safest routes and designate a meeting point for your family.

Taking proactive steps to prepare your home for extreme weather not only safeguards your investment but also provides peace of mind. By addressing vulnerabilities in your roof, windows, basement, and outdoor areas, you can face severe weather with confidence. 

Our daughter Emily has joined our team and this note is from her:

In October 2025, I’ll be heading to the other side of the globe to participate in the 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 no where 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 making a donation towards my fundraising goal?

Please click 'Donate Now' on the right hand side of this page to help me reach my fundraising goal!

Thank you for your support! Please note: The Royal LePage Shelter Foundation issues tax receipts in February for all donations of $20 or more made in the previous calendar year.

Donate here:

https://secure3.convio.net/rlsf/site/TR/Events/General...

After months of slower activity, the Canadian real estate market is showing signs of life. According to the latest report from the Canadian Real Estate Association (CREA), May 2025 brought a noticeable uptick in sales activity, fueled by momentum in several major cities. 

Sales activity picks up

For the first time since November 2024, home sales are rising. Nationally, activity rose by 3.6% from April to May 2025. The biggest boosts came from the Greater Toronto Area, Calgary and Ottawa, which helped drive the national numbers upward.

“May 2025 not only saw home sales move higher at the national level for the first time in more than six months, but prices at the national level also stopped falling,” said Shaun Cathcart, CREA’s senior economist, in the report. “It’s only one month of data, and one car doesn’t make a parade, but there is a sense that maybe the expected turnaround in housing activity this year was just delayed for a few months by the initial tariff chaos and uncertainty.”

New listings on the rise

Sellers are stepping back into the market as well, with new listings climbing by 3.1% month over month in May. The national sales-to-new listings ratio stayed steady at 47%, just a hair up from April’s 46.8%. This ratio continues to hover in the zone typically considered balanced, which ranges from 45% to 65%. Historically, the long-term average is closer to 54.9%.

“May saw an increased number of new listings hitting the market early in the month, followed by a higher number of transactions in the second half of the month, so overall more sellers and buyers compared to April,” said Valérie Paquin, CREA’s Chair. “It seems like this may carry over into June as well.”

Inventory levels stay steady

There were 201,880 properties listed for sale across Canadian MLS® Systems at the end of May, up 13.2% compared to May 2024, but still 5% below the long-term average for this time of year, which sits around 211,500 listings. 

The national inventory level stood at 4.9 months, aligning closely with the long-term average of five months.

Home prices see minimal growth

After three months of roughly 1% declines, home prices hit a pause in May. The National Composite MLS® Home Price Index dipped just 0.2% from April. On a year-over-year basis, the non-seasonally adjusted index was down 3.5% compared to May 2024. The national average home price came in at $691,299 in May 2025, a decrease of 1.8% from a year earlier.

More than a quarter of Canadian renters say they considered buying a property prior to signing or renewing their current lease

As Canada’s housing landscape continues to tilt in favour of buyers – thanks to lower interest rates and a growing supply of homes in many major markets – affordability is improving in some of the country’s most expensive markets. For many renters, this signals a long-awaited opening into the market. But rather than rushing in, prospective buyers are taking a more thoughtful, strategic approach, carefully assessing their timing, finances and long-term goals.

According to a recent Royal LePage® survey, conducted by Burson,1 28% of Canadians who currently rent say that, before signing or renewing their current lease, they considered buying a property rather than renting. When asked what factors influenced their decision to rent instead, 40% of respondents said they are choosing to wait for property prices to decline; 29% are choosing to wait for interest rates to decrease further; and 28% say they are working towards buying a property, and continuing to rent allows them to save for a sufficient down payment. Respondents could select more than one answer.  

More than half of all renters surveyed (54%) say they plan to buy a property in the future; 16% say they plan to do so within the next two years, and 21% plan to buy in the next two to five years. 

“We continue to see that many tenants are motivated to get a foot on the property ladder,” said Phil Soper, president and CEO, Royal LePage. “In Canada’s least affordable cities, entry-level opportunities have improved significantly, with home prices off last year’s peaks, incomes up and borrowing costs trending lower. Still, many renters – including the 40% who told us they’re holding out for further price declines – are choosing to wait. History suggests they may be disappointed. Over the past 75 years, Canadian home values have risen approximately 5% annually, running consistently ahead of inflation. The window of opportunity may be narrower than it appears, and strategic buyers are beginning to move.”

Nationally, nearly one third of renters (31%) say they do not plan to purchase a home. Of those respondents, 53% say they don’t believe their income will allow them to buy a property in the neighbourhood they want to live in, 40% say that renting remains more affordable, and 40% say they don’t want to take on the responsibilities of maintaining a property. Respondents could select more than one answer.  

Affordability struggles persist, despite dropping rental rates 

After surging in response to interest rate hikes and rising mortgage costs in 2022, rental prices in many cities across Canada have been on the decline for the last several months, offering those seeking rental accommodations more favourable market conditions.

According to the latest National Rent Report by Rentals.ca and Urbanation Inc.,2 the average national price of a one-bedroom rental unit in Canada decreased 3.6% year over year to $1,857 in May 2025. Meanwhile, the average price of a two-bedroom unit decreased 4.6% year over year to $2,225. 

“Softening activity in the rental market has been driven by a combination of factors. On one hand, the completion of purpose-built rental projects and condominiums in major cities like Toronto and Vancouver has introduced a surge of new supply to both the resale and rental markets. On the other, demand has tapered slightly as international student permits have been capped and lower interest rates have encouraged some renters to make the leap into home ownership,” said Soper. “As a result, tenants may now be in a better position to secure rentals with more space, upgraded amenities, or more desirable locations, often at more competitive prices.

“Rental markets tend to respond more slowly than resale housing to changes in the economy. Home prices have softened in many regions through the first half of the year, and we’re now seeing that relief begin to flow through to the rental sector. For the first time in years, some tenants are seeing more choice and negotiating power,” added Soper. “Yet, for those aspiring to own, this may be the moment to take a harder look at what’s possible. With prices down in many markets, rates easing, and wages growing faster than the cost of housing, the path to ownership – long a distant beacon for many – may now be coming into clearer focus.”

Despite the improvements, affordability continues to be a challenge for renters. While rents have eased for eight consecutive months, they remain well above historical norms. Nationally, rents are 5.7% higher than they were two years ago and 12.6% higher than three years ago, according to the report. Over the past five years, average asking rents in Canada have risen by an average of 4.1% annually, outpacing wage growth. 

Nationally, 37% of renters say they are spending between 31% and 50% of their net income on monthly rent costs, while another 37% are spending 30% or less, and 15% are spending more than half of their income on rent.

Challenges with affordability are also forcing renters to make hard choices. When asked if they’ve made any sacrifices in order to afford their rent, 40% of tenants said they have reduced spending on groceries and food; 30% said they have reduced contributions to savings or retirement; 21% said they are accumulating credit card debt; and 20% said they are taking on a second job or side hustle. Respondents could select more than one answer. 

“Even with several months of decreases, rents are still significantly higher than they were just a few years ago,” said Soper. “Meaningful policy action is needed to restore long-term affordability.”

Read the full press release and review the data chart for more information and regional insights:

NATIONAL PRESS RELEASE

DATA CHART

Happy Canada Day! As we celebrate our country’s 158th birthday on July 1st, we’re also proud to recognize Royal LePage’s 112th anniversary on July 2nd. That’s over a century of being proudly Canadian and supporting communities from coast to coast.

Looking for more home maintenance tips and DIY projects? Head over to the Royal LePage blog for all the inspiration you need.

Visit cafdn.org to learn more about Children’s Aid Foundation of Canada

Building Brighter Futures through ‘Mothers in Mind’

The Royal LePage® Shelter Foundation™ is proud to announce a $50,000 grant to the Children’s Aid Foundation of Canada (CACF) in support of their innovative Mothers in Mind (MIM) program. MIM is a trauma-informed, evidence-based initiative designed to support mothers who have experienced intimate partner violence (IPV) while promoting the well-being of their young children.

In collaboration with experts in child welfare, child development, and family violence, MIM provides targeted parenting support that strengthens the bond between mothers and their children while helping them heal from trauma. The program is integrated within child protection agencies, where groups are co-facilitated by clinical and child protection staff, ensuring a seamless combination of expertise in children’s mental health and child welfare services.

Exploring the Need

IPV continues to be a major issue in Canada, with serious consequences for both women and children. The impact of IPV often increases the likelihood that children will become involved in the child welfare system, affecting their development and long-term well-being.

• 100 municipalities in Ontario have declared IPV an epidemic1

• 50% of child welfare investigations in Ontario are IPV related2

• 40% of Canadian women have experienced IPV over the last decade3

Children exposed to IPV are: 

• more likely to experience developmental delays4

• at higher risk for learning disabilities, behavioural issues, and mental health challenges4

• more vulnerable to homelessness, poverty, and future involvement in violence, either as victims or perpetrators4 

Program benefits

• Quality one-on-one time. On a weekly basis, MIM provides children under four with an opportunity for connection and play with their mothers alongside other children close in age

• Stronger attachments. Mothers and children build vital bonds and warmer, more patient responses to each other and themselves.

• Improved confidence. Mothers gain valuable parenting experience and take away strategies and tools they can continue to use well after the program ends. 

• Community and connection. With this approach, mothers feel less alone as they connect meaningfully with other women, many of whom have similar histories and life experiences.

“This investment is far more than just financial,” said Lisa Gibbs, Executive Director, Royal LePage Shelter Foundation. “We are deeply aligned with the CACF mission to break the cycle of family trauma and strengthen the vital bonds between mothers who have experienced IPV and their young children.” 

Visit rlp.ca/donate to make a donation.

Ever notice how some spaces make you feel better? Maybe it’s the soft morning light streaming through a window, the soothing scent of lavender, or a room that’s clean and clutter-free. The way your home looks, smells, and functions can directly impact your mood, and small changes can make a big difference in your happiness and well-being.

Here are a few tips to help make your home into a feel-good space:

Switch up your wall art: What you look at every day influences your mood and mindset. Art that feels uplifting and inspiring can set the tone for your space.

Let the light in: Natural light is a proven mood booster. It regulates sleep, improves focus, and increases serotonin levels. Consider adding mirrors in darker spaces, cleaning your windows to allow more light in, and using warm LED bulbs for a cozy glow in the evenings.

Elevate your space with scent: Certain scents can promote calmness, energy, or relaxation, just like a spa or cozy cafe.Try diffusing lavender or chamomile essential oils for stress relief, or choose a citrus scent like lemon or grapefruit, which are known to boost energy and focus.

Brighten up your bedding: Your bedroom should feel like a retreat – dark, heavy colors can make a space feel dull and draining. Swap your bedding for lighter, airy tones like white, soft pastels, or warm neutrals, and consider adding texture with throw pillows or a cozy blanket for an inviting feel.

Declutter for a clear mind: A cluttered space can create mental overwhelm, while a tidy home promotes calm and clarity. Organize high-traffic areas with baskets and trays and consider donating unused items to create more open, breathable spaces

Your home should be a place that uplifts and energizes you. By making a few small adjustments, you can create a space that enhances your daily happiness, focus, and relaxation.

Thinking about a yard refresh? You might want to rethink that perfectly manicured lawn. Today’s homebuyers are shifting away from high-maintenance grass and prioritizing eco-friendly, low-maintenance landscapes that add both curb appeal and real value.

Here are a few low-maintenance designs you can integrate into your outdoor space today.

What’s In: Low-Maintenance and Sustainable Landscaping

• Drought-Resistant Plants: Native plants and xeriscaping are gaining popularity for their water efficiency and easy upkeep. 

• Pollinator Gardens: Flowers and plants that attract bees, butterflies, and birds boost biodiversity and require minimal care.

• Eco-Friendly Alternatives: Artificial turf, clover lawns, and ground covers are replacing traditional grass, offering lush greenery without the need for constant mowing.

• Functional Outdoor Spaces: Stone pathways, fire pits, and raised garden beds have been growing in popularity thanks to their usability without the extra work.

What’s Out: High-Maintenance Yards

• Large Grass Lawns:Constant watering, fertilizing, and mowing can turn buyers away.

• Complicated Flower Beds: While gardens are appealing, buyers prefer low-maintenance perennials over finicky flowers. 

• Extensive Landscaping Features: Water fountains and elaborate hedges may look nice, but they’re often viewed as extra upkeep and expenses.

Whether you’re selling your home or just want a refresh, opting for low-maintenance, eco-friendly landscaping can boost curb appeal without the hassle. 
For more advice on how to maximize your home’s value, check out the Royal LePage Blog.

Your home is prepared for winter, but what about the summer months?

We tend to think of home insurance in the context of wintery conditions: frozen pipes, roof leaks from melting snow, fallen trees and icy walkways. But, summer brings its own set of risks, and many homeowners aren’t aware of the potential gaps in their coverage. 

Imagine a summer storm knocks a tree onto your fence. Are you responsible, or is your neighbour? A guest slips near your pool — are you liable? Or, if a short-term renter causes damage, will your insurance cover the repair costs?

Before summer is in full swing, here’s what every homeowner should double-check in their insurance coverage.

Summer Storms: What’s Actually Covered?

Stormy weather, particularly in warm and humid months, can be unpredictable. High winds, hail, and heavy rain can do more damage than you think. While most home insurance policies cover storm-related damage, flooding can be a different story. Here’s what to check:

• Wind and hail damage: Confirm if your policy includes roof and structural repairs.

• Overland flood insurance: Standard plans may not cover overland/rainwater flooding.

• Tree damage liability: If a tree growing in your yard damages your neighbour’s property, who’s on the hook? Policies tend to vary on responsibility.

Poolside Risks: Are You Liable?

A pool is the ultimate summer luxury, a place for relaxation and making memories. Ensuring your insurance covers unexpected accidents means you can host poolside parties worry-free, knowing you’re protected if anything happens. If you don’t follow the regulations, your coverage may be void in the event of an accident. Here’s what to check:

• Liability coverage – $2 million is recommended if you have a pool.

• Guest access rules – Policies can limit coverage for non-household members.

• Safety compliance – You may require self-closing gates and fencing.

Renting Your Home? 

Listing your home or cottage on a short-term rental website like Airbnb, Vrbo or Booking.com? Your standard insurance policy may not cover guest-related damages or liability claims. Review your policy for:

• Home-sharing coverage: Some insurers don’t offer short-term rental policies.

• Guest damage protection: Airbnb’s Host Guarantee policy isn’t a replacement for insurance.

• Local bylaws and permits Some cities require permits in order to list a home for short-term rentals. Non-compliance could void coverage.

Protect Your Home Before Summer Starts

A quick insurance check-up now can save you from big headaches later.

Please check your local area if short term rental are allowed. In British Columbia there are many communities that short term rentals are not allowed or are limited.