Real Estate Blog - Blog Archive: June, 2023

More than 1 in 4 Canadians plan to purchase an investment property in the next five years: Royal LePage Report

51% of current investors and 23% of non-investors are considering buying an investment property before 2028 

Survey highlights: 

  • Approximately 4.4 million Canadians currently own an investment property
  • 26% of all Canadians say they are likely to buy an investment property within the next five years
  • One-third of Canadian real estate investors (32%) own two or more properties
  • Younger investors, those aged 18 to 34, are more likely to own more than one investment property compared to their older counterparts (aged 35+)
  • 15% of Canadian residential investors do not own their primary residence; the majority of whom are aged…

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The magnificent Taboo Muskoka Resort Boathouse was the perfect setting for Summer Spark 2023, which brought together REALTORS® from Royal LePage Lakes of Muskoka Realty and Johnston & Daniel Rushbrooke Realty Brokerages on June 1st. This event offered a unique opportunity to connect with fellow professionals in the field. The guest speakers were none other than Phil Soper, President & CEO of Royal LePage, and Rebecca Mountain - an internationally renowned keynote speaker and author who is also certified as a high-performance coach.

Phil shared his invaluable insights into current trends and challenges facing Canadian real estate markets, along with predictions about where interest rates are headed, both near-term and long-term. He also highlighted some…

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