The Royal LePage House Price Survey and Market Survey Forecast (Q4) was released to media early this morning. These initiatives help us to collectively build our brand and further establish Royal LePage as The Voice of Canadian Real Estate. Consumers, the media and many organizations turn to Royal LePage for information on house price trends both nationally and in regional markets across the 

Of course, the topic on everyone's minds is interest rates and some of the changes coming. The change in the usual 5% down payment to 10% over $500,000 breaks up the down payment. You may still do the 5% down payment but only on purchases up to $500,000, after that 10% minimum down payment is required. So, if a purchase price on a property is $550,000 the minimum down payment would be 5% up to $500,000 or $25,000. On the $50,000 over the $500,000 price you would then need 10% or $5,000, so the total down payment would be $25,000 + $5,000 = $30,000. Buyer's please check with your lender not only about down payments but also make sure you are locked in at a lower interest rate as rates are sinking as well. Seller's if your home is priced close to the $500,000 mark bear in mind that these changes coming are going to affect your price point.