The Rick Wearing & Sandra Parrott Team
The Rick Wearing & Sandra Parrott Team - Real Estate...Real experience, integrity, commitment & results!™
The Rick Wearing &
Sandra Parrott Team
Rick Wearing,
BA, MVA-Residential, Broker
Sandra Parrott,
L.L.B Sales Representative
Phone: (705) 788-3535
Fax: (705) 788-0207
Toll Free: (866) 844-2697

Just Released: Q1 2017 Royal LePage House Price Survey

The Q1 2017 Royal LePage House Price Survey was released to media early this morning.

Key highlights from the national release include:

  • Canada's residential real estate market saw substantial price growth in the first quarter of 2017. While the majority of Canadian housing markets posted modest gains, price appreciation across much of Ontario significantly outpaced the rest of the country. Meanwhile, the pace of year-over-year home price appreciation in Greater Vancouver was noticeably lower than the historic highs witnessed in 2016, and for the first time since 2013, home values for the region as a whole declined on a quarterly basis.
  • In the first quarter of 2017, the median price of a home in Canada increased 12.6 per cent year-over-year to $574,575. When broken out by housing type, the price of a two-storey home rose 13.9 per cent year-over-year to $681,728, and the price of a bungalow climbed 10.9 per cent to $490,018. During the same period, the price of a condominium increased 8.9 per cent to $373,768. 
  • Strong economic improvement is underway in Quebec, thanks to a provincial government surplus, a refreshed focus on attracting business investment in the region and the best unemployment rate in 40 years. The province's economic performance is being reflected in its residential housing market which has displayed healthy home appreciation in recent months.
  • With the recent stabilization of oil prices, Alberta will likely be the fastest growing provincial economy this year. This positive momentum has proved supportive of the residential housing market.

A big thank you to all of our spokespeople from across the country for their contributions in providing regional perspectives. We invite you to read the regional releases, which include insights and trends on select real estate markets where media reach is highest.

Consumers, organizations and the media turn to Royal LePage as a trusted source for expert information on house price trends both nationally and in regional markets across the country. So far today we have seen great media coverage, including:



Financial Post:

Globe and Mail:

Toronto Star:

Metro News Vancouver:

Metro News Halifax:

CBC News National:

CBC News Toronto:

Yahoo! News:

CBC News Toronto:          

CBC News Saskatoon:

Yahoo! News:

CBC Newfoundland and Labrador:

Yahoo! News:

CTV News National:

CTV News Calgary:

CTV News Montreal:

Global News:

660 News:


Newstalk 770:

630 CHED

AM 730:

680 CJOB

CKNW 980:

Calgary Herald:

Edmonton Journal:

Edmonton Sun:

Winnipeg Free Press:

Regina Leader-Post:

980 CJME

News 1130:

TVA Nouvelles

Mortgage Broker News:

Belleville Intelligencer

Financial Post (CP):

570 News (CP):

660 News:

680 New:

1310 News:

Battlefords Now:

Bay Today:

Brampton Guardian:

Brandon Sun:

Cape Breton Post:

CFJC Today:

Chat News Today:

Chronicle Herald:

Chronicle Journal:

City News:



CTV News National:

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Durham Region:

Hamilton Spectator:

Humboldt Journal:


Kelowna Daily Courier:

Lethbridge Herald:


Meadowlake Now:

Medicine Hat News:

Melita New Era:

Metro News Toronto:



Nanaimo News Now:

National Newswatch

News 1130:


Penticton Herald:

Price Albert Now:

Red Deer News Now:

Souris Plain Dealer:

TB News Watch:

The Chronicle Herald:

The Guardian:

The Province:

The Record:

Thompson Citizen:

Times Colonist:

TMX Money:

Winnipeg Free Press:

Yahoo! News:

Vancouver Sun:

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