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The Royal LePage House Price Survey
The go-to source on pricing trends across Canada since 1974
The Royal LePage House Price Survey, which is compiled on a quarterly basis, is a report produced to help consumers understand more about home prices in communities throughout the Canadian real estate landscape. It also serves to establish Royal LePage as the ‘voice of real estate in Canada,’ and is widely covered by major Canadian news organizations in print, online and broadcast.
The survey covers more than 250 neighbourhoods from coast to coast and divides data into seven housing types, including four categories of detached homes, townhouses and condominiums. Within the comprehensive report, a glossary of housing types is provided in specific detail. These details help homebuyers and sellers understand housing terminology with which they may not be familiar. For each property type, a current, up-to-date price is listed, as well as a price for the previous quarter and the corresponding quarter from the prior year. This provides consumers with a comparison in year-over-year data and highlights regional variances.
When the report is compiled, the public relations team reaches out to Royal LePage brokers who have agreed to submit their local data on a quarterly basis. The brokers, who are residential real estate experts in their respective areas, gather data on sales-to-date for each housing type in the region they are responsible for. Housing values in the survey are Royal LePage opinions of fair market value in each surveyed location, based on local data on home prices and housing market knowledge.
For each quarter, an abbreviated version is produced, which highlights housing trends for three of the most common property types in Canada. A full comprehensive report, featuring all seven housing types is released one month later. The Royal LePage House Price Survey is the largest, most comprehensive report of its kind in Canada. The survey has been in publication since 1974 and is turned to by financial, government, academic and other organizations as a trusted and reliable source of house price information. Historical data, dating back to its inception, can be found online at www.royallepage.ca/
