The crisp fall air signals to us that winter is on its way, and with that, the familiar cozy nights, twinkling lights, and joy of decorating for the holiday season.

For many, this time of year is a cherished opportunity to transform their homes into a winter wonderland. Whether you love the nostalgia of decking the halls with traditional red-and-green ornaments and tinsel, or prefer a more modern take on festive décor, it seems all options are on the table this holiday season.

Here are the top four 2024 holiday décor trends to spark inspiration for your celebrations:

1. Muted luxe

This year, the classic holiday palette of red, green, and gold is replaced by softer tones, such as sage green, champagne, dusty rose, and icy blue. These muted hues, paired with metallic accents like brushed gold or antique silver, create a more refined and calming look for your home.

Think velvet stockings, metallic-dusted wreaths and pale ornaments to bring an elevated vibe to your space. To add contrast, consider incorporating darker tones such as deep navy or charcoal. This trend offers an effortlessly elegant way to make your space festive without feeling overly bold.

2. Vintage nostalgia

Does merrily muted sound mundane to you? Then this might be the style you’re looking for.

Vintage-inspired décor is back in a big way. Crystal and glass ornaments, retro tinsel garlands, ceramic Christmas trees and vintage menorahs provoke a sense of nostalgia that warms the heart and the home.

You can find authentic heirloom pieces by exploring thrift shops, flea markets, or asking older family members for cherished treasures. For those who love the look but prefer something new, many retailers acknowledge that traditional holiday style is back in full swing, and now offer vintage-inspired holiday décor.

Pair these pieces with candles or warm string lights to create a timeless, cozy atmosphere that makes any house feel like home.

3. Natural elegance

As sustainability takes centre stage in many facets of our lives, nature-inspired holiday décor is no exception. Evergreen garlands adorned with dried orange slices, cinnamon sticks, and pinecones create a rustic and festive look – and they smell great, too!

When decorating the tree, consider swapping out plastic bobbles for dried fruits, a popcorn garland or ornaments made of natural materials, like wood or paper. Continue this theme throughout the home by dressing up your dining table with linen napkins, fresh greenery, and seasonal fruit displayed as the centrepiece. This trend is perfect for those who want their eco-conscious lifestyle to be reflected in their holiday decorations.

4. Textured layers

Styling the home with layered textures continues from fall into winter, creating comfy and cozy holiday vibes.

Blend soft, chunky knits with plush velvets, faux furs, and natural materials like woven cotton or linen. This approach adds depth and dimension to any room, making your home feel as inviting as your favourite holiday sweater – but don’t stop there!

Take texture to another level by adding ribbon, felt ornaments, or macramé to your home. For your tablescape, mix and match materials by pairing a cotton tablecloth with rattan placemats, or layering linens with soft runners in contrasting patterns. Add natural elements like greenery, flowers, or seasonal foliage. In living spaces such as the sitting room or bedroom, drape blankets and throw pillows in seasonal hues and incorporate textures like glass, wood, and metal to create a cozy and inviting environment throughout your home.

Bonus tip: Extend the cheer outdoors

Your outdoor holiday décor doesn’t have to stop at stringing lights along the rooftop! Add twinkle-lights, lanterns, and weather-resistant greenery along banisters and around door and window frames to bring the spirit of the holiday season to the outdoors. A welcoming porch or patio can make your home feel festive inside and out.

This holiday season, embrace the opportunity to create traditions and have your home reflect your personal style. Whether you prefer the understated elegance of muted tones, the timeless charm of vintage décor, or the natural beauty of sustainable elements, there’s a trend to suit every taste. With a little creativity, your home can shine as a joyful centerpiece for the season, ready to make lasting memories.

Contributor

Michelle McNally

Communications manager, Royal LePage

Michelle is a member of Royal LePage’s Communications and Public Relations team, and works to deliver unique and insightful Canadian real estate content to media and consumers. Prior to joining Royal LePage, Michelle was an online reporter specializing in Canadian real estate and pre-construction development. She is a graduate of Toronto Metropolitan University’s esteemed journalism program.

National aggregate home price forecast to increase 6.0% year over year in Q4 of 2025

For the last few years, the Canadian housing market has experienced trends far outside the norm. A global pandemic, rapidly rising interest rates and economic disruptions threw the real estate market off course for a time, but 2025 is expected to bring conditions back in line with long-term historical averages.

According to the Royal LePage Market Survey Forecast, the aggregate1 price of a home in Canada is set to increase 6.0% year over year to $856,692 in the fourth quarter of 2025, with the median price of a single-family detached property and condominium projected to increase 7.0% and 3.5% to $900,833 and $605,993, respectively.2

“After several years of unusual volatility in the real estate market, key indicators point to a return to stability in 2025. The backlog of willing and able buyers continues to grow, and upcoming changes to mortgage lending rules will further enhance Canadians’ borrowing power,” said Phil Soper, president and chief executive officer, Royal LePage. “Most notably, the Bank of Canada’s shift from ‘inflation fighter’ to ‘economy booster’ has taken time to influence buyer behaviour. We saw a marked increase in market activity at the start of the fourth quarter, following the Bank of Canada’s 50-basis-point rate cut. Buyers now believe home prices have hit bottom and are eager to act before competition intensifies.”

New lending rules to boost buyer borrowing capacity

A series of new lending regulations are set to take effect this month, offering greater accessibility to both first-time buyers and current homeowners. As of December 15th, eligibility for 30-year amortizations on insured mortgages will be expanded to all first-time homebuyers and to all purchasers of new construction properties, up from the current 25-year threshold.3 In addition, the mortgage insurance cap will increase from $1 million to $1.5 million, allowing buyers with a down payment of less than 20 per cent the opportunity to explore housing options at a higher price point. This will be especially impactful for homebuyer hopefuls in the country’s priciest real estate markets, where average property values often exceed $1 million.

“Improved lending conditions, combined with declining interest rates, will unlock new housing opportunities for many Canadians in the new year. First-time buyers will be the primary beneficiaries of these initiatives, as their ability to borrow more for less with a smaller down payment will help bring them closer to their first home purchase,” said Soper. “We believe the return of buyers to the market will encourage builders and trigger a wave of new supply, which is very much needed.

“Addressing Canada’s critical housing shortage must remain a top priority for policymakers at every level of government. With our population growing rapidly through both natural increases and immigration, it is essential to stay focused on supporting the development of new homes if we hope to address housing affordability, be it for purchase or rent.”

Changing political landscapes create potential impact for housing

2025 will bring a change in government south of the border, and potentially in Canada’s House of Commons. New leadership, in addition to evolving trade relations, immigration policies and global conflict, could meaningfully alter the state of the Canadian housing market.

“With an election approaching in Ottawa and a new administration preparing to take office in Washington, the housing market faces potential disruptions. Here at home, a federal election will see new housing policies that may temporarily impact market activity in the second half of 2025,” said Soper. “Meanwhile, south of the border, the incoming Trump administration’s trade policies and broader economic agenda have the potential to create ripple effects for Canada’s economy and housing market. While these impacts may take time to unfold, they could eventually affect consumer confidence and market dynamics on both sides of the border.”

Read Royal LePage’s 2025 Market Survey Forecast for national and regional insights.

Highlights from the release:

• Greater Montreal Area aggregate home price appreciation (6.5%) expected to outpace greater regions of Toronto (5.0%) and Vancouver (4.0%) next year.

• Quebec City is forecast to see the highest gains among all major regions in 2025, with the aggregate home price expected to rise 11.0%, followed by Edmonton and Regina at 9.0%.

• Calgary, which saw unprecedented price appreciation and sustained activity over the last two years, is forecast to see home prices increase a moderate 4.0%, along with Ottawa, Halifax and Winnipeg.

• Median price of a condominium in the Greater Toronto Area expected to decline modestly by 1.0%, with thousands of new units to be added to the current surplus of supply.

NATIONAL PRESS RELEASE

FORECAST CHART

https://ebook.royallepagecorporate.ca/link/906540/

Home sales across Greater Vancouver continued to rise in November, demonstrating

strong demand across all property types. A total of 2,181 homes were put under

contract, marking a 28 per cent year-over-year increase and building on October’s

impressive 37 per cent annual growth. Aggregate sale prices across the region rose by

2 per cent to an average sales price of $1,277,653, largely driven by an uptick in

detached home prices.

While inventory dipped month-over-month to 12,830, reflecting seasonal trends typical

of winter, year-over-year inventory levels were up 18 per cent, offering more options for

buyers compared to the same time last year.

As sales activity continued to grow, we are also seeing increased interest from

American buyers. Recent website data suggests that the results of the 2024 U.S.

presidential election have prompted some Americans to explore relocating north of the

border.

Traffic data from royallepage.ca—Royal LePage’s consumer real estate portal and

Canada’s most-visited real estate company website—recorded a sharp increase in U.S.-

originated sessions the day after the election.

"Consistently ranked as one of the best countries in the world to live in, Canada

continues to be a top destination for international relocation—a trend that is unlikely to

change in the years ahead," said Phil Soper, president and CEO of Royal LePage.

Detached homes led the market with a notable monthly price increase of $95,384,

bringing the average sales price to $2,158,469—a 4.6 per cent rise. Detached home

sales totalled 630, representing a 20 per cent monthly increase. Inventory dropped to

5,096, reflecting an 8 per cent decrease from October but a 21 per cent increase year

over-year.

The condo market saw a slight monthly price decrease of $27,657, resulting in an

average sales price of $784,635. However, sales remained robust with 1,095 units sold

—a 28 per cent year-over-year increase—while inventory also rose by 28 per cent to

5,785 units, maintaining a balanced market.

Townhomes posted the highest yearly increase in sales volume, with 364 units sold—a

remarkable 37 per cent year-over-year growth. Prices remained stable compared to the

previous month, with the average sale price sitting at $1,147,448. Inventory levels

remained elevated, with 1,419 townhomes available, marking a 28 per cent year-over

year increase.

“Although demand has increased as we head into year-end, the number of newly listed

properties coming to market in November remained sufficient to keep prices steady

across all segments,” Andrew Lis, GVR’s director of economics and data analytics said.

“But as we move into the New Year, if the strength in demand continues at the current

pace, and the pace of newly listed properties coming to market doesn’t keep up, it may

not be long until we see the return of upward pressure on prices.”

The Greater Vancouver real estate market continues to exhibit resilience and steady

growth, buoyed by strong demand, increased inventory, and growing interest from

international buyers. As we approach the end of the year, the region remains one of the

most dynamic and sought-after real estate markets in the country.

URREY, BC – Following a healthy boost in sales in October, Fraser Valley home sales dropped in November as slower seasonal buying trends set in amid balanced market conditions.

The Fraser Valley Real Estate Board recorded 1,136 sales in November, down 15 per cent from October, but 28 per cent above November 2023 sales.

“Buying and selling activity is typically quiet at this time of year,” said Jeff Chadha, Chair of the Fraser Valley Real Estate Board. “But it’s worth noting that November 2024 sales are higher than they’ve been compared to the past two Novembers — a sign that overall activity is picking up in the Fraser Valley and with it, growing buyer confidence.”

A decline in new listings chipped away at overall inventory in November, with active listings declining eight per cent to 8,125. Overall inventory, however, remains at a 10-year seasonal high and 30 per cent above November 2023 levels. New listings dropped 26 per cent in November to 2,367, but remain above the 10-year seasonal average and above levels from November 2023. The Fraser Valley remains in a balanced market with a sales-to-active ratio of 14 per cent. The market is considered to be balanced when the ratio is between 12 per cent and 20 per cent.

“With seasonality expected to slow sales activity towards year-end, we are optimistic that the new mortgage lending guidelines, which come into effect on December 15, will slowly start to work their way into the market,” said Baldev Gill, CEO of the Fraser Valley Real Estate Board. “Longer amortization periods and lower minimum down payments should help more buyers who want to get into the market in 2025.”

Across the Fraser Valley in November, the average number of days to sell a single-family detached home was 43, while for a condo it was 36. Townhomes took, on average, 33 days to sell.

Benchmark prices in the Fraser Valley dipped for the eighth straight month in November, with the composite Benchmark price down 0.2 per cent to $969,500.

To read the full statistics package, click here.

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Welcome to 1948 Eastern Drive in Mary Hill. 1st time on the market, original owners. This home is perfect for your growing family. Large living room with fireplace. Dining room with sliders to the sundeck and enjoy the view of the mountains. Kitchen with eating area. Primary bedroom with 3-piece ensuite and walk in closet. Two other good size bedrooms. Basement includes rec room, flex area, bedroom & office down. Lots of storage space. This two level basement entry home would work perfectly for an in-law suite. The basement is above ground. Double car garage. Plenty of parking. Flat fenced backyard. Close to all levels of schools and transit. Shopping, restaurants and the new Poco Rec Centre are close by. Book a date to view this family home and fall in love...

The holiday season can be the perfect opportunity to make a home feel warm and inviting to potential buyers. However, staging a home for the holidays requires careful consideration. Too much décor or overly personalized touches can take away from the home’s appeal.

Here are some decorating tips to pass along to your clients to ensure that subtle holiday charm enhances their listing and appeals to a wide range of buyers:

Keep decorations simple and elegant

When it comes to holiday décor in a listed property, less is more. A clean, cohesive aesthetic will highlight the home’s features while adding seasonal warmth. Understated touches like a wreath on the front door, a neutral garland on the mantel, or a bowl of pinecones on the dining table can add a subtle festive touch. Sticking to a colour palette of whites, golds, silvers or soft greens creates a timeless look that feels festive without being overwhelming.

For larger spaces, consider a small, tastefully decorated tree. Position it to complement the flow of the room, placing it near a window to highlight natural light or beside a fireplace to create a cozy atmosphere.

Let the home shine first

Holiday staging should enhance, not overshadow, a home’s best features. Instead of filling every nook with seasonal items, strategically place decorations to draw attention to standout elements.

Here are some examples:

• Use garland to accentuate a beautiful staircase.

• Add a centerpiece to highlight an elegant dining table.

• Place subtle lighting around a fireplace to make it the room’s focal point.

These touches make the space feel inviting while ensuring buyers still focus on the property itself.

Steer clear of over-personalization

Holiday décor that reflects the homeowner’s personal traditions, like family photos, heirloom ornaments, or religious symbols, may limit buyers’ ability to envision themselves in the space. It’s best to keep decorations neutral and universally appealing. Opt for classic seasonal elements like evergreen garlands, string lights or decorative lanterns. Removing personal items also reduces visual clutter, ensuring the home feels open and welcoming.

Enhance the home’s curb appeal

First impressions matter, and outdoor holiday décor is a chance to wow potential buyers. A simple wreath on the front door, soft string lights outlining windows, or a welcoming doormat can make a big difference. Keep outdoor displays tasteful and minimal to avoid overwhelming the home’s exterior. And don’t forget – clean, snow-free pathways are essential to maintaining both safety and visual appeal.

Create a cozy and inviting atmosphere

Holiday staging isn’t just about visuals; it’s also about creating a feeling. Subtle scents like cinnamon, pine or freshly baked cookies can make a home feel comforting, but be mindful to avoid anything too overpowering. Inside, consider using soft textures like throw blankets, plush rugs and accent pillows to make spaces feel warm and welcoming.

Lighting is another factor to consider. Replace harsh overhead lights with softer, warm-toned bulbs or add string lights for a touch of magic. If the home has a fireplace, stage it as the centerpiece of the living room with decorative logs or even a glowing fire.

Maintain clean and spacious rooms

While holiday decorations can add charm, they can also make rooms feel smaller if not carefully curated. Start with a decluttered space before adding seasonal elements. Store away personal items, clear countertops, and ensure walkways are open and functional. When adding decorations, choose a few impactful pieces rather than crowding the space with multiple items.

For larger holiday pieces, such as Christmas trees, scale is important. A smaller tree is often better suited for staging, as it highlights the space without making the room feel cramped.

Prioritize safety and practicality

Safety is often overlooked during holiday staging. Open houses or showings mean frequent foot traffic, so avoid tripping hazards like loose cords or delicate ornaments. Battery-operated candles and LED lights are excellent alternatives to traditional candles, offering ambiance without risk.

Snow and ice are other seasonal considerations. Make sure driveways and walkways are clear for buyers’ safety and convenience. Adding a simple winter welcome mat at the entrance can help manage wet shoes and maintain a tidy appearance.

Holiday staging is all about balance. By keeping décor tasteful and neutral, enhancing the home’s features, and creating a cozy atmosphere, you can make a listing stand out throughout the winter market. Thoughtful seasonal touches invite buyers to imagine themselves spending their own holidays in the home, which is the ultimate goal.

http://share.jumptools.com/studioSlideshow.do?collateralId=237734&t=2918&b=1

Welcome to 1948 Eastern Drive in Mary Hill. 1st time on the market, original owners. This home is perfect for your growing family. Large living room with fireplace. Dining room with sliders to the sundeck and enjoy the view of the mountains. Kitchen with eating area. Primary bedroom with 3-piece ensuite and walk in closet. Two other good size bedrooms. Basement includes rec room, flex area, bedroom & office down. Lots of storage space. This two level basement entry home would work perfectly for an in-law suite. The basement is above ground. Double car garage. Plenty of parking. Flat fenced backyard. Close to all levels of schools and transit. Shopping, restaurants and the new Poco Rec Centre are close by. Book a date to view this family home and fall in love...

After months of tracking approximately twenty per cent below the ten-year seasonal average, Metro Vancouver1 home sales surged more than 30 per cent year-over-year in October.

Sales

The Greater Vancouver REALTORS® (GVR) reports that residential sales2 registered on the Multiple Listing Service® (MLS®) in the region totalled 2,632 in October 2024, a 31.9 per cent increase from the 1,996 sales recorded in October 2023. This was 5.5 per cent below the 10-year seasonal average (2,784).

"Typically, reductions to mortgage rates boost demand, and the strong October sales numbers suggest buyers may finally be responding to lower borrowing costs after waiting on the sidelines for months. To some market watchers, this rebound may come as a surprise, but with four consecutive rate cuts from the Bank of Canada – and more likely to come on the horizon – it was only a matter of time until signs of renewed strength in demand showed up."Andrew Lis, GVR director of economics and data analytics

Listings

There were 5,452 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in October 2024. This represents a 16.9 per cent increase compared to the 4,664 properties listed in October 2023. This was 20 per cent above the 10-year seasonal average (4,545).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,477, a 24.8 per cent increase compared to October 2023 (11,599). This total is also 26.2 per cent above the 10-year seasonal average (11,475).

Sales-to-active listings ratio

Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2024 is 18.8 per cent. By property type, the ratio is 13.4 per cent for detached homes, 22.5 per cent for attached, and 22.2 per cent for apartments.

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

“While the strength in October's numbers is encouraging, one data point does not make a trend," Lis said.

"Recent data shows that market conditions have been decidedly balanced, with prices easing over the past few months. With the recent uptick in sales however, the attached and apartment segments are now tilting toward a seller’s market with the detached segment not far behind, suggesting the recent period of price moderation may be nearing an end."

By property type

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is $1,172,200. This represents a 1.9 per cent decrease over October 2023 and a 0.6 per cent decrease compared to September 2024.

Sales of detached homes in October 2024 reached 724, a 25.5 per cent increase from the 577 detached sales recorded in October 2023. The benchmark price for a detached home is $2,002,900. This represents a 0.3 per cent increase from October 2023 and a 1 per cent decrease compared to September 2024.

Sales of apartment homes reached 1,393 in October 2024, a 33.4 per cent increase compared to the 1,393 sales in October 2023. The benchmark price of an apartment home is $757,200. This represents a 1.6 per cent decrease from October 2023 and a 0.6 per cent decrease compared to September 2024.

Attached home sales in October 2024 totalled 501, a 40.7 per cent increase compared to the 356 sales in October 2023. The benchmark price of a townhouse is $1,108,800. This represents a 0.4 per cent increase from October 2023 and a 0.9 per cent increase compared to September 2024.

Download the October 2024 Housing Market Report

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

107-19122 122nd Avenue Pitt Meadows $595,000.00

Welcome to Edgewood Manor.

What a fabulous opportunity to move into this condo unit.

Ground level home has 2bedrooms & 2 full four-piece baths.

Large windows let the natural light in.

Extra large outdoor patio, imagine entertaining when the warmer weather arrives.

The living room has a gas fireplace with sliders to your patio. Dining room is perfect for family dinners. Large kitchen with eating area.

The primary bedroom has sliders to patio as well. 2 closets in the walkway to the ensuite.

In suite laundry. In suite storage/pantry could be re-design for a cute home office.

Two underground side by side parking spots and storage locker for your seasonal items.

Priced more than $50,000 under BC Assessment.

OPEN HOUSES SAT NOV 16th & SUN NOV 17th from 1:00-3:00pm. See you there!

he growing popularity of more compact living quarters, due in part to both rising housing costs and densification, has many people searching for interior design hacks for small living spaces.

When designing a small space, it’s important to include details that align with your habits and routines. Other designs might look great in magazines or on Pinterest, but this is your home. It’s crucial to harness your creativity when designing a cozy space that is functional, comfortable and reflects both your lifestyle and personality.

Below, we have outlined five tips and tricks to help you maximize space without compromising on style.

1. Avoid visual line breaks

Whether you decide to opt for a bright and airy room with whites or neutrals, or go big with a bold colour palette, avoid visual line breaks on the interior walls of the space. 

A visual line break is any separation or disruption to the design elements of the room. It is important to avoid these line breaks in smaller spaces because it can make a room feel confined or cluttered. 

To do this, try painting the trim, walls and doors in the same colour, and if using an area rug, choose a colour that is similar to the colour of the flooring. This creates a cohesive flowy feeling to the room, allowing for certain furniture pieces to shine, easily becoming focal points in the room without any visual distractions.

2. Utilize vertical space

When designing a room or home with minimal square footage, a simple way to expand the area is to utilize vertical space. 

In the kitchen, a few great uses of vertical space could be:

• Adding shelving to bare walls or underneath cabinets

• Installing a magnetic strip to the backsplash for knives and spices

• Hanging pots and pans above a kitchen island or on the wall

In a living room or bedroom, use open shelving to display books and trinkets. You can also utilize the space on your walls to bring the outside in with house plants.

Lastly, hanging a wall mirror can create the illusion of an open, spacious room. Choose a mirror with a smaller frame (remember, the less visual line breaks on the walls, the better) and ideally place it opposite of an outside window to reflect natural light. 

3. Choose furniture wisely

Selecting pieces that reflect your aesthetic is a great way to bring character into your home . Whether you’re choosing calming neutrals, or making a statement with colourful fabrics and finishes, the size of the furniture is most important. 

Always measure your space before purchasing any furniture, and draw up a diagram of the room you are furnishing. Create multiple layout options to find the best layout for your interiors, being mindful to leave enough space around each piece so that they don’t touch each other or the walls – another hack to make a room feel larger than it is. 

Opting for low profile furniture will contribute to a sense of openness in the room. Furniture that is closer to the ground can give a room an airer feel.

Finally, getting playful with colours and textures is a great way to bring big personality into a small space. Selecting unique fabrics and finishes can turn an ordinary piece of furniture into art or at the very least, a conversation piece. 

4. Be smart about lighting

Being intentional with the lighting you choose to adorn your petite abode with can make or break the overall feel of your space. 

Create a focal point in a room with a pendant light or semi-flush fixture. There are many options available to suit your style, from simple and modern to industrial or even vintage. 

If you don’t have room for end tables or nightstands, adding surface lamps will be difficult. Instead, choose a floor lamp where space allows, or add wall sconces or hanging lights.

Bonus tip: Add dimmer switches to your lights to easily adjust the mood without the use of multiple light fixtures.

5. Implement storage solutions

In a compact living environment, creating storage solutions is essential to maximize space and create order in your home. 

Adequate storage allows for every square inch of space to be used efficiently, allowing for a more functional, usable home. Making the most out of vertical space is a great place to start. 

Here are a few other space-saving storage solutions for your kitchen, bedroom, living room and other areas of your home: 

• Add hooks, shelving and drawers to the inside of existing cabinets 

• Explore multi-functional pieces when selecting furniture, like sofas or bed frames with drawers underneath, benches with hidden storage, or wall-mounted desks or tables that fold down when not in use

• Select stylish storage containers and bins that match the aesthetic of your home to be placed on shelves or under coffee tables 

By applying these strategies, you’ll be able to transform compact living environments into inviting and personalized spaces that meet your unique needs and style. 

Contributor

Michelle McNally

Communications manager, Royal LePage

Michelle is a member of Royal LePage’s Communications and Public Relations team, and works to deliver unique and insightful Canadian real estate content to media and consumers. Prior to joining Royal LePage, Michelle was an online reporter specializing in Canadian real estate and pre-construction development. She is a graduate of Toronto Metropolitan University’s esteemed journalism program.

107-19122 122nd Avenue Pitt Meadows BC Listed at $595,000.00

Welcome to Edgewood Manor.

What a fabulous opportunity to move into this condo unit.

Ground level home has 2bedrooms & 2 full four-piece baths.

Large windows let the natural light in.

Extra large outdoor patio, imagine entertaining when the warmer weather arrives.

The living room has a gas fireplace with sliders to your patio. Dining room is perfect for family dinners.

Large kitchen with eating area.

The primary bedroom has sliders to patio as well.

2 closets in the walkway to the ensuite. In suite laundry.

In suite storage/pantry could be re-design for a cute home office.

Two underground side by side parking spots and storage locker for your seasonal items.

Priced more than $50,000 under BC Assessment.

OPEN HOUSES SAT NOV 16th & SUN NOV 17th from 1:00-3:00pm. See you there!

Cooling interest rates to boost buyer demand, home prices in Canada’s top ski regions in 2025

Nationally, median price of a recreational single-family detached home is forecast to rise 7.5% over the next 12 months, as lower interest rates boost confidence

Since the Bank of Canada started dropping interest rates earlier this year, some real estate buyers have been taking advantage of lower mortgage borrowing costs. While this has yet to spark a big jump in activity in the winter recreational market, a few more rate drops could be all it takes to get things moving as consumer confidence picks up.

According to the Royal LePage 2024 Winter Recreational Property Report published today, the median price of a single-family detached home in Canada’s recreational ski regions1 will increase 7.5% over the next 12 months to $1,019,960. This forecast is based on the expectation that interest rates will continue to decline in the first half of 2025, coaxing buyers back to the market as consumer confidence improves.

“Though a portion of recreational homebuyers do not use traditional financing methods – either because they buy in cash or utilize equity from their primary residence – many use the trajectory of interest rates as a gut check for how the economy is performing and whether or not they should take the plunge into buying that dream vacation home,” said Phil Soper, president and chief executive officer, Royal LePage. “With the Bank of Canada expected to make additional cuts to the overnight lending rate over the next several months, consumers will feel increasingly confident about pulling the trigger on that winter cabin or mountain chalet purchase. This will result in upward pressure on prices, especially in supply-strapped markets.”

Recreational home prices plateaued in 2024

Nationally in the first nine months of the year, the median price of a single-family detached home remained flat, decreasing a modest 0.4% year over year to $948,800. This specific segment of the market mirrors trends seen in urban markets across the country, which have posted stagnant buying and selling activity amidst higher borrowing costs. Activity and prices are expected to regain momentum in 2025, as lending conditions continue to improve.

“Much like the mainstream urban housing market, sales activity in Canada’s recreational regions has been treading water over the past year. The time it takes to sell a property has been longer than normal over the past year; what we call ‘days on market.’ Yet, recreational home prices have remained stable as low supply balanced sluggish buyer demand,” said Soper. “This is a testament to the resilience of the winter recreational segment, even under the pressure of the 2023-2024 high interest rate environment, which has caused many buyers in all areas of the market to pull back from their purchase plans.”

Buyers yet to be enticed by lower interest rates

In June 2024, the Bank of Canada lowered its target for the overnight lending rate by 25 basis points to 4.75%, marking the end of a two-decade high. Since then, the overnight rate has decreased three additional times, dropping to 3.75% for the first time in two years.2

Despite the long-awaited cuts to borrowing costs, reaction to decreased interest rates has been modest thus far in the recreational real estate segment. When asked how lower interest rates have impacted demand in their region in recent months, 75% of Royal LePage recreational property experts reported similar demand to last year in their respective markets; 19% of experts reported more demand.

“Although recreational property owners are less likely to have a monthly mortgage payment when compared to owners in cities, the impact of elevated rates these past two years have not left them unscathed. Many cabin and chalet buyers have a mortgage on their primary residence, which has left some cash-strapped and hesitant to move forward on the purchase of a vacation home. In some cases, owners and investors have had to downsize or offload recreational homes. In a time when short-term rentals are facing increasingly stringent regulatory measures, leasing your winter property to offset expenses is not the straightforward solution it once was,” said Soper. “With rates falling, we foresee that buyers who have been waiting on the sidelines will start to get serious again as soon as market competition heats up.”

The Bank of Canada is widely expected to cut its key lending rate again at the next announcement on December 11th.

Read Royal LePage’s 2024 Winter Recreational Property Report for national and regional insights.

Highlights from the national release:

• More than one-third (38%) of Royal LePage recreational property market experts reported a surge of inquiries from clients when changes to capital gains tax were announced.

• Two thirds (69%) of Royal LePage recreational property experts across the country reported similar demand in their respective regions for recreational homes, and an increase in inventory (63%) compared to 2023; 75% of experts reported an increase in the average number of days on market.

• Effects of climate change continue to create drier and hotter conditions, increasing reliance on snow-making technologies for winter resorts.

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Anne-Elise Cugliari Allegritti

Director of Communications, Royal LePage