Stats Centre Reports - March 2025

 The latest Stats Centre Report for Metro Vancouver is now available. Click here to view it. 

The latest Stats Centre reports for the Tri-Cities are ready.  
Click here to view the latest Stats Centre Report for Coquitlam.
Click here to view the latest Stats Centre Report for Port Coquitlam.
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Overnight rate sits at 2.75% as trade relations with the United States remain unclear

On April 16th, the Bank of Canada announced that it would hold the target for the overnight lending rate at its current level of 2.75%. This marks the first time since June 2024 that the Bank has chosen not to make a cut. 

In light of major shifts in trade policy with the United States, the Bank explained in its announcement that economic uncertainty has risen, thereby increasing the odds of rising inflation and making it challenging to track GDP growth. Though global economic growth was solid in late 2024 and inflation has been easing, recently-implemented tariffs have clouded the outlook for the Canadian economy and the rest of the world.

“A lot has happened since our March decision five weeks ago. But the future is no clearer. We still do not know what tariffs will be imposed, whether they’ll be reduced or escalated, or how long all of this will last. At this meeting, we decided to hold our policy rate unchanged as we gain more information about both the path forward for US tariffs and their impacts,” said Tiff Macklem, Governor of the Bank of Canada, in a press conference with reporters following the announcement. 

“Monetary policy cannot resolve trade uncertainty or offset the impacts of a trade war. What we can and must do is ensure that Canadians continue to have confidence in price stability. Our focus will be on assessing the downward pressure on inflation from a weaker economy and the upward pressure from higher costs. We will support economic growth while ensuring inflation remains well controlled.”

In March, Canada’s Consumer Price Index (CPI) increased 2.3% year over year, easing from 2.6% recorded in February. The deceleration was largely due to lower prices for travel and gasoline. Offsetting some of that slowdown was the end of the temporary suspension of the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) on February 15th, which contributed to higher prices for eligible products in March.

Tariff conflict rocks consumer confidence in economy 

Research shows that almost half of Canadians are not confident in the economy today, and that uncertainty is being reflected in real markets across the country, where buyers are hitting pause on their purchase plans. This has resulted in softer-than-usual spring market activity, especially in the country’s most expensive markets, Ontario and British Columbia. 

According to a recent Royal LePage survey, conducted by Burson,1 49% of Canadians say they are confident in the country’s economy today, including only 6% who are very confident; 43% say they are not confident. 

“The typical spring market didn’t kick off as energetically as expected, and geopolitical uncertainty is playing a major role,” said Phil Soper, president and CEO, Royal LePage. “The new administration in Washington has rattled Canadians with aggressive rhetoric and punitive trade policy. While we were spared from the blanket 10 per cent tariff imposed on most countries in the world, targeted steel and aluminum duties – coupled with unsettling comments that called Canada’s sovereignty into question – have been enough to shake public sentiment. Even if these measures don’t directly impact housing, they contribute to a climate of caution that weighs heavily on large consumer decisions, at home and around the world.”

The Bank of Canada will make its next interest rate announcement on Wednesday, June 4th.

Read the full April 16th report here.

Prices decreased year over year in Greater regions of Toronto and Vancouver, while Quebec, the Prairies and Atlantic Canada recorded price appreciation

Spring is typically when housing markets across the country see a surge in activity. As Canadians shake off the winter blues, many see the season as the ideal time to buy or sell a home. However, in 2025, the usual kick-off to the real estate year has played out unevenly across regions, with some markets gaining momentum while others remain sluggish.

According to the Royal LePage® House Price Survey and Market Forecast released today, the aggregate1 price of a home in Canada increased 2.1% year over year to $829,400 in the first quarter of 2025. On a quarter-over-quarter basis, the national aggregate home price rose a modest 1.2%. While housing market activity has been softer than expected so far this year in many markets – a major shift compared to where we ended 2024 – the trend has been especially pronounced in Ontario and British Columbia, the country’s most expensive markets. Meanwhile, comparatively strong demand paired with low supply has led to price appreciation in the province of Quebec, the Prairies and much of Atlantic Canada, despite ongoing geopolitical tensions and economic uncertainty. 

“The typical spring market didn’t kick off as energetically as expected, and geopolitical uncertainty is playing a major role,” said Phil Soper, president and CEO, Royal LePage. “The new administration in Washington has rattled Canadians with aggressive rhetoric and punitive trade policy. While we were spared from the blanket 10% tariff imposed on most countries in the world, targeted steel and aluminum duties – coupled with unsettling comments that called Canada’s sovereignty into question – have been enough to shake public sentiment. Even if these measures don’t directly impact housing, they contribute to a climate of caution that weighs heavily on large consumer decisions, at home and around the world.”

According to a recent Royal LePage survey, conducted by Burson,2 49% of Canadians say they are confident in the country’s economy today, including only six per cent who are very confident. Meanwhile, 43% say they are not confident. Respondents in the province of Quebec are the most confident, while those in the Prairies are the least confident. Notably, Fort McMurray, Alberta, recorded the lowest level of confidence, with 75% of respondents saying they are not confident in Canada’s economy today. 

Among Canadians looking to purchase a home this year, 49% say the ongoing trade dispute with our southern neighbour has caused them to postpone their home buying plans, while 51% say it has not. Of those who have postponed their purchase plans, 37% are concerned about a potential increase to the cost of living, 30% are concerned about making a big purchase at a time of political and economic uncertainty, and 14% are holding out because they expect home prices to decline as a result of the conflict.  

“Canada’s housing fundamentals remain strong, and real estate activity tends to rebound quickly when uncertainty lifts,” said Soper. “Beyond trade, getting the federal election behind us should help here. Regardless, across the country, we are seeing savvy buyers step off the sidelines, taking advantage of stable prices, growing inventory and falling rates.”

Canada’s economy poised to weather trade tariff storm

Global financial markets have experienced significant volatility in recent weeks, mirroring the broad economic unease triggered by U.S. President Donald Trump’s tariff policies. In the face of these challenges, Canada has demonstrated early resilience, drawing on its experience navigating past economic crises. The nation’s strong financial institutions, prudent regulatory frameworks and diversified economy position it well to manage current and future economic headwinds.

“Canada has weathered economic storms before, including the 2008 financial crisis and the 2020 pandemic, emerging with a reputation for steady leadership and economic resilience,” said Soper. “The housing market continues to provide people with a reliable foundation in uncertain times, with price stability and mortgage default rates that remain among the lowest in the world. While some sectors will be harder hit than others by prolonged trade disruptions, both federal and provincial governments have the tools and fiscal capacity to support those most affected.”

At its last rate announcement in March, the Bank of Canada emphasized that monetary policy cannot resolve trade disputes, and it reaffirmed its core mandate: to keep inflation under control. Many experts believe the central bank will hold rates at its next announcement on April 16th, but that further cuts could be in store later this year. Since June 2024, the Bank has cut its key lending rate by a total of 225 basis points to reach 2.75%.

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

First quarter press release highlights:

• Greater Montreal Area’s aggregate home price increased 7.9% year over year, while the greater Toronto and Vancouver markets recorded declines of 2.7% and 0.7%, respectively. 

• Quebec City continues to lead the country in aggregate price appreciation, rising 17.0% year over year in Q1; the highest increase among the report’s major regions for the fourth consecutive quarter.

• The aggregate price of a home in Canada is forecast to 5.0% in Q4 2025, compared to the same quarter last year. The previous forecast has been revised down modestly to reflect the current slowdown of activity in Ontario and B.C.

• Quebecers are the most optimistic about the economy, with 65% of respondents reporting confidence in the Canadian economy. Those in Manitoba and Saskatchewan are the least confident (34%). 

NATIONAL PRESS RELEASE

REGIONAL INSIGHTS

Q1 PRICE CHART

FORECAST CHART

CONSUMER CONFIDENCE SURVEY

Investing in a property at the pre-construction stage can offer unique advantages, such as a lower purchase price and the potential for significant appreciation. However, it also comes with risks. Here’s how you can prepare for a successful investment:

1. Research the Developer

• Look into the developer’s track record to ensure they have a history of delivering projects on time and to a high standard.

• Check reviews from previous buyers and consult industry reports to gauge their reputation.

• Visit other completed projects by the developer to assess the quality of their work.

Tip: A real estate professional with experience in pre-construction properties can help evaluate the developer.

2. Understand the Market

• Analyze the current and future potential of the area where the property is being built.

• Look for locations that show strong economic growth, population growth, and upcoming infrastructure projects.

• Check if there are amenities that will attract future residents to the area.

Tip: Check local government and real estate websites for information about planned developments and economic forecasts for the area.

3. Know the Costs

Be aware of all the costs involved, including:

• Initial deposit

• Staged payments during construction

• Legal fees

• Closing costs

Consider the possibility of interest rates increasing by the time you close, and ensure your finances can handle any changes.

Tip: Consult a financial advisor to create a detailed budget that covers all potential expenses and provides a safety net.

4. Review the Contract Carefully

Pre-construction contracts can be complex. Pay close attention to:

• Construction timelines

• Warranties

• Completion date

• Deposit structure

Understand what happens if the project is delayed or cancelled, and any clauses related to changes in the project scope.

Tip: Have a real estate attorney review the contract to ensure you’re protected from any unfavourable terms.

5. Check for Incentives

Developers often offer incentives to attract early buyers, such as:

• Discounts

• Upgrades

• Financing assistance

Compare incentives from different developers to ensure you’re getting the best value.

Tip: These incentives can enhance your investment, so ask about any available offers and consider them in your decision-making process.

6. Prepare for Delays

Construction delays are common in pre-construction projects, and they can affect:

• Your plans for renting or reselling the property

• Your cash flow

Tip: Build flexibility into your investment strategy to accommodate potential delays without causing significant financial strain.

7. Be Proactive in Financing

Financing a pre-construction property is often different from a traditional mortgage.

• Some lenders may require larger down payments or offer specific loan products for pre-construction.

Tip: Research financing options early and secure pre-approval to streamline the process. Work with a mortgage broker who specializes in pre-construction financing.

8. Plan for the Future

Consider the long-term potential of the property:

• Will it be easy to rent out or resell?

• Can you handle vacancy periods or low demand?

Plan for ongoing costs, such as:

• Maintenance

• Property management

Tip: Create a long-term investment plan that includes strategies for renting, managing, and eventually selling the property.

Final Thoughts

By following these tips and seeking professional advice, you can better protect your interests and assess whether a pre-construction property will be a valuable addition to your real estate portfolio.

Unwanted smells turn many buyers off during a home showing, but for some, the dream of owning the right property outweighs the temporary inconvenience of lingering odours. If you’ve bought a new home and are now dealing with stubborn smells, don’t worry – it’s possible to get rid of them. With these simple cleaning methods, you can breathe new life into your living space.

Here are a few common household odours that might be haunting your home (and how to eliminate them):

Musty or mouldy smells

These smells often come from high humidity, water damage, or hidden mould growth. Start by inspecting your home for leaks or damp areas, especially in basements, bathrooms, and under sinks. Address any issues promptly to prevent further damage. Cleaning visible mould with a vinegar solution or a mould-specific cleaner can help, while a dehumidifier can reduce moisture levels in the affected area. 

If the smell persists or mould is widespread, it’s best to call in a professional to assess the situation. Mould can cause various health issues, from sneezing and coughing to shortness of breath and rash breakouts, so it’s best to let the professionals step in if the mould area is large.

Cigarette smoke

Cigarette smoke residue can cling to walls, ceilings, and carpets, leaving a persistent odour. To combat this, wash surfaces with a mixture of vinegar and water, or a baking soda solution. Repainting walls with an odour-sealing primer is a great next step. Deep clean or replace carpets and upholstery to fully remove the smell.

Pet odours

Dander, fur, drool and oils trapped in carpets and furniture are common sources of pet odours. Deodorizing with baking soda and vinegar, followed by steam-cleaning carpets and upholstery, are a great place to start. Don’t forget to clean or replace air filters to ensure that the air circulating in your home is fresh. For stubborn pet odours, a professional cleaning service may be the most effective solution.

For urine smells, enzyme-based cleaners are highly effective for breaking down the proteins in urine and neutralizing the odour. Older or particularly stubborn stains that may have seeped into the padding beneath your flooring may require replacing the affected area in order to fully resolve the issue. 

Steam cleaners should not be used to clean urine stains on carpets or upholstery. The heat can cause the stain and odour to set permanently. Similarly, avoid using cleaning agents like ammonia or vinegar, as their strong smells may prompt your pet (if you have one) to re-mark the area.

Sewer or rotten egg smell

This unpleasant odour is often caused by dry plumbing traps, blocked vents, or sulphur in your water supply. Running the tap in seldom-used sinks or showers can refill dry traps, while cleaning drains with baking soda and vinegar followed by hot water may also help. If the smell persists, it’s a good idea to contact a plumber to investigate further. 

In some cases, this smell could indicate a gas leak. Natural gas, which is odourless, is often treated with a sulphur-like chemical called mercaptan to help people detect a leak. If you suspect a gas leak, leave your home immediately and avoid using electrical switches or open flames. Once you’re safely outside, contact your gas provider or emergency services to investigate and resolve the issue.

From a house to a home

If the cleaning methods listed above aren’t quite enough to get rid of stubborn smells, don’t hesitate to call in professional help. Getting rid of lingering odours in a new place isn’t just about the smell – it’s about reclaiming the space as your own. Once the smells have been properly dealt with, you can truly feel comfortable in a house that is now your home.

Though economic anxieties may temper buyer demand, home prices in recreational regions are forecast to rise 4% this year

With warmer weather on the way, it won’t be long before Canadians swap snowshoes for flip-flops and backyard views for lakeside escapes. While some buyers may be hesitant to invest in their dream cottage or cabin this year due to ongoing political and economic uncertainty, others are ready to dive in – pushing up recreational property prices across the board.

According to the recently-released Royal LePage® 2025 Spring Recreational Property Report, the median price of a single-family home in Canada’s recreational regions is forecast1 to increase 4.0% in 2025 to $652,808, compared to 2024, as demand for recreational homes – though slightly depressed as a result of geopolitical tensions and economic uncertainty – continues to outpace available supply in most markets.

“The pandemic-era scramble for recreational properties, once reminiscent of a modern-day gold rush, has thankfully eased – along with the chaos of bidding wars and thin inventories. Demand for recreational properties among Canadians, and the lifestyle they offer, remains strong but balanced. While the mainstream market is more sensitive to economic shifts, demand in the recreational segment remains steadfast, even during periods of market hesitation,” said Phil Soper, president and CEO, Royal LePage. “Many families share the deep-rooted desire to own a recreational home, and that is unlikely to change.”

In 2024, the weighted median2 price of a single-family home in Canada’s recreational property regions increased 2.3% year over year to $627,700. When broken out by housing type, the weighted median price of a single-family waterfront property decreased 3.6% year over year to $1,063,400 in 2024, and the weighted median price of a standard condominium remained flat, rising a modest 0.2% to $431,700 during the same period.

“After three years of double-digit price growth during and after the pandemic, recreational property values have settled slightly below peak for the 2025 season,” said Soper. “From 2021 to 2023, demand for cottages surged as Canadians traded cityscapes for lakefront living amid lockdowns, travel restrictions, and the shift to remote work – driving prices to record highs. Now, more than five years on, the market is seeing a return to typical year-over-year price growth.

“Looking ahead, recreational property prices are expected to rise modestly, driven by ongoing supply shortages. New cottages and cabins aren’t being built fast enough to meet buyer demand, which will continue to support long-term price growth.”

Lower interest rates open door to recreational market

Lower interest rates have provided a leg up for prospective homebuyers across the country, including those shopping for a seasonal home or vacation property.

Since June 2024, the Bank of Canada has dropped its overnight lending rate seven consecutive times, resulting in a total decrease of 225 basis points to date. Prior to this series of cuts, recreational property experts predicted in the 2024 Royal LePage Spring Recreational Property Report that buying activity would intensify when Canada’s central bank began to lower the overnight rate.

According to a survey of 153 Royal LePage recreational real estate market professionals across the country,3 in 2025, nearly half (46%) of recreational property experts said that demand has increased in their market due to lower borrowing costs. Seventy-five per cent of experts reported that recreational property buyers in their region typically obtain financing, such as a mortgage or loan, when making a purchase.

“Though recreational property buyers tend to carry less mortgage debt than primary homebuyers – largely because lenders are more cautious when financing seasonal-use properties – lower borrowing costs still serve as a meaningful incentive. When debt burdens on a principal residence ease, it often frees up capacity to invest in a second home,” said Soper. “At the same time, current trade tensions and a weakening Canadian dollar, combined with a growing sense of patriotism, are encouraging more families to stay north of the border. For many, the appeal of U.S. travel has waned, driving renewed interest in Canadian recreational properties.”

Highlights from the release:

• Canada’s provincial recreational markets are expected to see an increase in single-family home prices in 2025, with Atlantic Canada forecast to see the highest level of price appreciation at 8.0%.

• Waterfront houses in Atlantic Canada recorded the highest provincial year-over-year price appreciation in 2024, rising 12.6%.

• 55% of recreational property market experts across the country reported an increase in the average days on market compared to last year, despite a majority (72%) reporting similar or less inventory.

NATIONAL PRESS RELEASE

PRICE AND FORECAST CHART

Welcome to Bradley House at Windsor Gate. The lovely & very well-care for 2 bed & 2 bath condo is move in ready. From the moment you walk in you feel like your home. Gourmet kitchen with gas range, SS appliances, gleaming white cabinets & stone countertops. The living room & dining area are perfect for entertaining friends. Great balcony for warm weather chilling. Relax in the primary bedroom after a long day. 5-piece ensuite with double sinks. 3-piece main bath. In suite laundry. Enjoy the Nakoma Club, with fitness gym, basketball court, pool, hot tub, billiards table, party room & so much more. Minutes away from transit, park, coffee shop, schools, shopping. Make a date to view this home and make it yours.

A well-designed laundry room is more than a luxury, it’s a game-changer for modern homes. Whether you’re looking to maximize efficiency, enhance aesthetics, or add functionality, renovating your laundry space can make a big impact. Here’s how to turn your laundry room into a space you’ll actually enjoy using.

Plan your layout with purpose

The layout is the foundation of any laundry room redesign. Start by analyzing your space and determining the best placement for appliances and work areas.

• Stack or side-by-side appliances: If space is limited, consider stacking your washer and dryer to free up floor space. If you prefer side-by-side machines, use the top as a countertop for folding laundry.

• Accessibility: Make sure your appliances are close to water, electrical, and venting connections. Place frequently used items, like detergents, within arm’s reach to make your routine more efficient.

Pro Tip: A compact layout doesn’t mean compromising functionality. Condo-sized machines are perfect for tight spaces and still get the job done.

Elevate storage and organization

A clutter-free laundry room is more functional and visually appealing. Incorporate smart storage solutions to keep everything organized.

• Cabinets and shelves: Install cabinets or floating shelves to store detergents, cleaning supplies, and linens.

• Hooks and wall storage: Use wall-mounted hooks or racks to hang brooms, mops, and ironing boards. This will free up floor space while keeping essentials easily accessible.

• Laundry basket storage: Dedicate a spot for baskets or hampers, like under a counter or on open shelving.

Pro Tip: Label shelves or bins to maintain an organized system that works for the whole family.

Add functional workspaces

Having a work surface in your laundry room can make tasks like sorting, folding, and treating stains a lot easier.

• Countertops: Install a countertop over side-by-side machines for an instant workspace. Choose durable materials like quartz that can withstand wear and tear.

• Drying racks: Add a retractable drying rack or a rod for hang-drying clothes. This saves space and keeps damp clothes off your furniture.

Pro Tip: Include a deep utility sink for hand-washing delicate items or tackling messy stains.

Choose durable and stylish materials

Your laundry room needs to stand up to frequent use and potential spills. Opt for materials that are easy to clean and maintain while adding style.

• Flooring: Go for water-resistant options like ceramic tile, porcelain, or luxury vinyl.

• Countertops: Non-porous surfaces like quartz are heat and stain-resistant, perfect for a hardworking space.

• Cabinets: Melamine is a durable and affordable option for cabinetry. Choose flat finishes that are easy to wipe down.

Pro Tip: Incorporate materials that match your home’s overall aesthetic for a cohesive look.

Maximize small spaces with clever design

If your laundry room is on the smaller side, use these design tricks to make it feel more spacious.

• Pocket doors: Swap out a traditional door for a pocket door to save valuable wall space.

• Vertical storage: Utilize wall height by installing tall cabinets or shelving.

• Bright colours: Paint the walls in light, bright colours like crisp white or soft pastels to create the illusion of a larger space.

Pro Tip: Use reflective materials, like glossy tiles, to bounce light around the room.

Brighten the room with lighting

Good lighting can make a world of difference in a laundry room.

• Overhead task lighting: Install bright, even lighting to ensure you can see clearly when sorting and folding.

• Under-cabinet lights: Add task lighting under shelves or cabinets to illuminate work surfaces.

Pro Tip: If your laundry room lacks natural light, choose daylight-mimicking bulbs to brighten the space.

Final touches: Style meets functionality

Don’t forget to add a personal touch to your newly redesigned laundry room. A stylish backsplash, decorative baskets, or framed art can make the space feel welcoming.

Renovating your laundry room is an investment in both functionality and aesthetics. By focusing on layout, storage, and materials, you can create a space that works as hard as you do, and looks great while doing it. 

Homebuyers stayed on the sidelines in February 2025, leading to a significant drop in home sales across the country, according to the latest market report from the Canadian Real Estate Association (CREA). With the ongoing trade war between Canada and the United States, market activity slowed to its lowest level in over a year.

Home sales see largest drop since 2022

Sales activity fell 9.8% compared to January, marking the largest single-month decline since May 2022 and the lowest absolute number of home sales recorded since November 2023. The slowdown wasn’t limited to just a few areas — sales declined in about three-quarters of all local markets, with the most pronounced drop happening in the Greater Toronto Area and the surrounding Greater Golden Horseshoe region.

“The moment tariffs were first announced on January 20, a gap opened between home sales recorded this year and last. This trend continued to widen throughout February, leading to a significant, but hardly surprising, drop in monthly activity,” said Shaun Cathcart, CREA’s Senior Economist, in the monthly report. “This is already being reflected in renewed price softness, particularly in Ontario’s Greater Golden Horseshoe region.”

Market conditions in balanced territory

While home sales dropped, new listings also declined at a similar pace. As a result, the national sales-to-new listings ratio edged up slightly to 49.9%, compared to 48.3% in January. Historically, a balanced market sits between 45% and 65%.

There were 146,250 properties listed on MLS® Systems at the end of February, marking a 13.1% increase from a year earlier. However, this number is still well below the long-term average for this time of year, which typically sits around 174,000 listings. Inventory levels also climbed, reaching 4.7 months of available homes on a national basis, up from 4.1 months in January. The long-term average for inventory is five months, suggesting the market is slowly shifting toward more choice for buyers.

“The uncertainty of the last few weeks seems to be causing some buyers to think twice about big financial decisions right now,” said James Mabey, CREA’s Chair. “For others, a softer pricing environment and now lower interest rates will be a buying opportunity.”

Home prices record decrease

The National Composite MLS® Home Price Index (HPI) fell 0.8% from January to February. The softening in prices was particularly evident in Ontario’s Greater Golden Horseshoe region, where the decline was more pronounced. On an annual basis, the non-seasonally adjusted National Composite MLS® HPI was down 1% compared to February 2024.

Welcome to Bradley House at Windsor Gate. The lovely & very well-care for 2 bed & 2 bath condo is move in ready. From the moment you walk in you feel like your home. Gourmet kitchen with gas range, SS appliances, gleaming white cabinets & stone countertops. The living room & dining area are perfect for entertaining friends. Great balcony for warm weather chilling. Relax in the primary bedroom after a long day. 5-piece ensuite with double sinks. 3-piece main bath. In suite laundry. Enjoy the Nakoma Club, with fitness gym, basketball court, pool, hot tub, billiards table, party room & so much more. Minutes away from transit, park, coffee shop, schools, shopping. Make a date to view this home and make it yours. OPEN HOUSES SATURDAY MARCH 22nd & SUNDAY MARCH 23rd 2:00-4:00. See you there!

“The Shaughnessy” in West Coquitlam. Top floor condo unit has 2 bedrooms & 2 baths. Be impressed with the 15+ feet vaulted ceiling in the living room & wood burning fireplace. The living room & dining room are perfect spot for entertaining friends. Cute kitchen / Stainless Steel fridge & stove. Good size primary bedroom with walkthrough closet to in suite laundry. The 4-piece bath & a 2-piece bath flow together. Easy care tile floors thought most of unit. In suite storage or reno to a cute little office. Second bedroom or den.Enjoy many hours in the summer on your balcony among the tall trees. Centrally located to transit & shopping.SkyTrain is a short stroll away. Flat walking neighbourhood. 1 underground parking spot. Move in Spring 2025! OPEN HOUSE SATURDAY MARCH 22nd 2:00-4:00pm.

Cambodia Challenge for Shelter: Emily Taverna - Royal LePage Shelter Foundation secure3.convio.net

In October 2025, a group of adventurous Royal LePage® Shelter Foundation™ champions from across Canada will travel to Cambodia to trek in support of women and children who have experienced intimate partner violence.

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.

Welcome to Bradley House at Windsor Gate. The lovely & very well-care for 2 bed & 2 bath condo is move in ready. From the moment you walk in you feel like your home. Gourmet kitchen with gas range, SS appliances, gleaming white cabinets & stone countertops. The living room & dining area are perfect for entertaining friends. Great balcony for warm weather chilling. Relax in the primary bedroom after a long day. 5-piece ensuite with double sinks. 3-piece main bath. In suite laundry. Enjoy the Nakoma Club, with fitness gym, basketball court, pool, hot tub, billiards table, party room & so much more. Minutes away from transit, park, coffee shop, schools, shopping. Make a date to view this home and make it yours. OPEN HOUSES SATURDAY MARCH 15th 11:00am-1:00pm & SUNDAY MARCH 16th 2:00pm-4:00pm

Imagine living at “The Fairways” with a beautiful golf course across the road.Enjoy a day of golf before heading home to your top floor home to relax on your balcony overlooking the garden. Lovely 2 bed & 2 bath condo is move-in ready. From the moment you walk in you will feel like your home. Bright living room with electric fireplace.Fabulous kitchen with centre island, wooden cabinets, SS appliances & more.Den could be an office/dining area or lounge area. Primary suite with walk through closet to your lovely 5-piece bath. Large 2nd bedroom for guests or children. Newer laminate flooring in main area.Large laundry room with extra storage space.2 side by side parking spots & 1 storage unit. Transit, shopping & great restaurants are close-by. “Fore” a date to view, call your Realtor today.

The 25 basis point cut marks the seventh consecutive time Canada’s central bank has dropped rates

On March 12th, the Bank of Canada announced that it had lowered the target for the overnight lending rate by 25 basis points to 2.75%. This marks the seventh consecutive decrease to rates since June 2024. 

In its announcement, the Bank acknowledged that the Canadian economy had started the year on good footing. Now, with a trade war underway with the United States, the country is expected to see slower economic activity and increasing inflationary pressures in the months ahead, justifying the central bank’s decision to reduce its policy rate yet again. 

“[In recent] months, the pervasive uncertainty created by continuously changing US tariff threats has shaken business and consumer confidence. This is restraining household spending intentions and businesses’ plans to hire and invest. Against this backdrop, and with inflation near the 2% target, [the] Governing Council decided to reduce the policy rate a further 25 basis points,” said Tiff Macklem, Governor of the Bank of Canada, in a press conference with reporters following the announcement.

“Looking ahead, the trade conflict with the United States can be expected to weigh on economic activity, while also increasing prices and inflation. Governing Council will proceed carefully with any further changes to our policy rate given the need to assess both the upward pressures on inflation from higher costs and the downward pressures from weaker demand.”

In January, Canada’s Consumer Price Index (CPI) rose 1.9% on a year-over-year basis, a slight increase from 1.8% in December. Higher gasoline and energy prices contributed to the modest uptick to the inflation rate, which remains under the Bank’s 2% inflation target. Inflation is expected to increase to 2.5% in March as relief from the GST/HST tax break subsides. 

Lower borrowing rates to boost buying power this spring

Trade disputes with the United States are likely to dampen activity within the housing market as economic uncertainty causes consumers to pull back. However, those already in the market and motivated to buy a home, or those expecting to renew their mortgage this spring, may find a silver lining – lower borrowing costs. 

“For the seventh consecutive time, the Bank of Canada has dropped its overnight lending rate.  In an increasingly turbulent economic environment, this series of rate decreases presents an opening to aspiring homebuyers and those approaching their mortgage renewal,” said Phil Soper, president and CEO of Royal LePage. “While ongoing trade tensions will sow hesitancy in the minds of some consumers, purchasers who are motivated to transact this spring are well-positioned to use their enhanced borrowing power to their advantage, in a market with more inventory to choose from.

“With substantial tariffs from the United States set to come into effect, Canada’s central bank will likely focus its attention on stimulating the economy and steering us away from a recession. Additional rate cuts may be on the horizon as policymakers work to maintain stability. The housing market, while it may see a temporary slowdown in activity, remains largely insulated from trade disputes, ensuring its resilience in the long term.”

According to a recent Royal LePage survey, conducted by Hill & Knowlton,1 more than half (57%) of Canadians who are renewing the mortgage on their primary residence in 2025 expect their monthly mortgage payment to increase upon renewal (35% expect it to increase slightly and 22% expect it to increase significantly). Meanwhile, 25% say their monthly mortgage payment will remain about the same – within $100 of their current payment amount – and another 15% expect their monthly payment to decrease upon renewal.

The Bank of Canada will make its next interest rate announcement on Wednesday, April 16th.

Read the full March 12th report here.

A new national report from Women’s Shelters Canada, funded proudly by the Royal LePage® Shelter Foundation™, has shed light on the effects of a housing crisis on women fleeing intimate partner violence at local shelters and transition houses from coast to coast. 

Among survey respondents – which included individuals working in shelters and survivors accessing support – 99.5% felt that their community was facing a housing crisis, with 97% indicating that over the preceding year it had become harder to support survivors to find housing.

“These findings have confirmed what we’ve been hearing anecdotally from women’s shelters across the country for years,” said Anuradha Dugal, executive director of Women’s Shelters Canada and Board Member of the Royal LePage Shelter Foundation. “Since there’s no affordable housing, women are staying in shelters longer, which increases turn-away rates. It creates a bottleneck effect where new women can’t move in if women already in shelter have nowhere to go.”

While the majority of organizations surveyed have length of stay policies, only 3% abide by those timelines. Worryingly, compared to 2023, respondents reported that more survivors are leaving shelter for housing that does not meet their needs, is not safe, is unaffordable, and/or often contributes to cycling back into a shelter. Alarmingly, some survivors are choosing to return to abusers rather than face homelessness. When survivors are faced with such decisions, their stress escalates, and their well-being suffers; 92% of respondents had seen survivors’ stress increase due to the housing crisis. 

Yet despite all the challenges, shelters continue their lifesaving work by offering a range of supports to help women find housing and advocate for more housing options for survivors. Some organizations are responding to the housing crisis and the demand for shelter services by working to expand the number of units and/or shelters across the country. 

“Housing affordability is a deeply relevant issue for Royal LePage® professionals working to help Canadians in all corners of our country achieve their dream of home ownership,” said Lisa Gibbs, executive director of the Royal LePage Shelter Foundation. “While the situation is complex, we are hopeful that this nuanced report will help continue to move the needle in ensuring access to safe and affordable housing for everyone – especially those among us who are most vulnerable.”

Visit rlp.ca/donate to join the Royal LePage Shelter Foundation in its work to make home a safe place for everyone. 
Women’s Shelters Canada brings together 16 provincial and territorial shelter organizations and supports over 600 shelters across the country for women and children fleeing violence. If you or someone you know is experiencing violence, you can find your nearest women’s shelter and its crisis line at sheltersafe.ca.

When it comes to decorating your home, style doesn’t have to come at the expense of practicality. With a little thought, planning, and intention, you can create a beautiful space that’s also easy to maintain. Here are some simple, stylish ideas for a home that looks great and stays clean with minimal effort:

Opt for Washable Paint Finishes
Gloss or satin finishes are your best friend in high-traffic areas. They’re more durable and can easily be wiped down without damaging the paint. Whether it’s fingerprints in the kitchen or scuffs in the hallway, a washable finish will keep your walls looking fresh.

Choose Slipcovers or Washable Fabrics
Furniture can endure a lot of wear, especially in busy homes. Slipcovers are not only easy to remove and wash, they also give your furniture a fresh, updated look. Choose fabrics like cotton, linen, or performance blends that stand up to wear and are machine washable.

Invest in Durable Flooring
Engineered hardwood, porcelain or ceramic tile, and luxury vinyl plank are beautiful and durable choices. They can typically handle spills, pet accidents, and constant foot traffic, all while looking sleek and modern. Opting for washable rugs in high-traffic areas can be especially helpful if you have kids or pets. They’re easy to clean and will help protect your flooring while still adding comfort and style.

Keep Surfaces Simple
Smooth, sleek surfaces are easier to wipe down than textured or overly detailed ones. Choose tables, counters, and shelving that are simple and practical, without too many crevices that can trap dirt.

Designing a stylish home that’s also easy to maintain is all about finding the balance between aesthetics and function.

Spring is here, and while the season brings warmer weather, it also brings a rise in allergens. From pollen to mold, allergens can quickly make their way indoors and affect your health and well-being. Here are some simple steps to help keep your home allergen-free this season:

Manage Pollen: Start by washing your windows and wiping down surfaces regularly to remove pollen. Keep windows closed during peak pollen times, and change your air filters to keep your HVAC system clean.

Combat Mould and Mildew: Spring moisture can lead to mould growth. Keep your home well-ventilated, and use a dehumidifier in high-moisture areas like bathrooms and basements. Check for any mould in corners or hidden areas. 

Clean Dust Mites: Dust mites thrive in warm, humid conditions. Wash bedding, rugs, and curtains frequently in hot water. Vacuum your mattress and consider using allergen-proof covers for pillows and mattresses.

Limit Pet Dander: If you have pets, regular grooming and bathing can help minimize dander. Be sure to clean pet bedding and toys often and use an air purifier designed to capture dander.

Install an Air Purifier: Consider using an air purifier with a HEPA filter to remove airborne allergens like pollen, dust, and pet dander, and keep the air fresh.

By following these simple tips, you and your family can breathe easier this spring. 

Spring is the perfect time for a getaway. But before you pack your bags and hit the road, don’t forget to prep your home for your time away. Knowing your home is secure and free from surprises will give you the peace of mind to unplug and enjoy your vacation.

Your Spring Travel Home Prep Checklist:

Lock it Down: Double-check all windows and doors to ensure they’re securely locked. Consider installing a smart security system for extra protection while you’re away. Don’t forget to secure any high-value items that might be left in plain sight. If you can, use a safe or lock them in a drawer to keep them out of view.

Refrigerator Prep: Clean out perishables from the fridge to prevent unwanted odours or spills. You might also want to wipe down any food storage areas to avoid attracting pests while you’re away.

Adjust Your Thermostat & Unplug Devices: Save energy (and money!) by setting your thermostat a few degrees lower. Be sure to unplug unnecessary electronics and appliances to avoid power surges and save even more energy.

Turn Off Water Valves: Prevent any leaks or water damage by turning off the main water supply before you leave.

Lighting: Using timers to turn lights on and off gives the appearance that someone is home. This is an easy way to deter unwanted attention.

Tell a Trusted Neighbour or Friend: Let someone nearby know you’ll be away, so they can keep an eye out for any suspicious activity, help with emergencies, or even collect packages that might be left at your door.

Consider a Home Audit: This is a great time to walk through your house and look for any small maintenance issues that could turn into bigger problems while you’re gone—like a leaky faucet or loose roof shingles.

With a little preparation, you can head off on your spring getaway with reassurance knowing your home is safe and secure.

For more expert advice on keeping your home safe, efficient, and ready for anything, check out the Royal LePage Blog, blog.royallepage.ca.