December is a busy month as an agent, and for just about everyone. To help prepare you and your clients for the great year ahead, we are happy to announce that we have just released the 2018 RE/MAX Housing Market Outlook Report!
About the 2018 Housing Market Outlook Report
In Greater Vancouver, demand for condos continues to outpace supply, resulting in the average price of a condo rising an estimated 16 per cent year-over-year, from $553,604 in 2016 to $643,778 in 2017. The GTA’s condo market also saw price appreciation of 22 per cent in 2017, as the average sale price for a condo rose to an estimated $523,437, up from $429,241 in 2016. The signi cant condo price appreciation was not matched in the single-family detached home market, as prices were roughly stable year-over-year in Greater Vancouver and up a relatively more modest eight per cent in the GTA in 2017.
According to a survey conducted by Leger on behalf of RE/MAX, the appetite for home ownership remains strong with roughly half of Canadians (48 per cent) considering the purchase of a home in the next five years. Of those who are considering purchasing a home, the top three reasons for doing so are to upgrade their current home, to purchase a starter home as a means of entering the housing market and to upsize from their current home to accommodate a change in family make-up. The survey also found that access to outdoor spaces was a key factor for many Canadians when considering purchasing a home, with 87 per cent agreeing that access to green space was important to them and 82 per cent agreeing that having a backyard was important.
NEW for the 2018 Housing Market Outlook Report!
In an effort to ensure these reports are always useful to you and your business, we have tailored the report to best suit your business needs. You can customize the report in Design Centre, simply staple your business card to the bottom right corner or share THIS short video from our social channels.
How to Use the Report:
RE/MAX Reports are distributed throughout the year and are designed to educate the public and our network on industry insights. A full download of the report and press release are always available on remax.ca.
- Provide a copy of your region page in your listing presentations
- Make a copy available at your next open house
- Ensure your region page is available for clients to browse at your office
- Share with your network via email
- Encourage clients to view the report on social media
We’ve also created these three images so you can start conversations with your clients on social media:
In addition to the social shareables available, you also can customize each market’s single page layout in Design Centre!
Add your photo and contact information to your local markets report! Here’s how:
- In the search bar search the name of the market, such as “Mississauga”. You can also find the Region Sheets using the task content filter.
- Add your photo and contact information in the bottom left hand corner
- Download and share the report on social or print for your next listing presentation
See below for a few examples!