National

Experts say housing market poised to remain strong in 2025

Darpan News Desk The Canadian Press, 30 Dec, 2024 05:13 PM

Housing market poised for 2025 comeback as lower rates unleash pent-up demand

Economists and real estate agents believe home sales activity is poised to remain strong in 2025, thanks to much lower borrowing costs and more favourable rules for buyers. Re/Max's 2025 housing market outlook report says it is expecting home sales to rise in 33 of 37 Canadian regions. It forecasts the national average residential price to rise by five per cent.

Along with falling rates, TD economist Rishi Sondhi said the federal government's recent mortgage rule changes, which kicked in on Dec. 15, should help lift home sales and prices.

While pent-up demand should translate to more homes changing hands in the coming months, he cautions that the rush will likely be exhausted in the first half of next year.

Prev Next

MORE National ARTICLES

Drug seizure at a Langford home

Police on Vancouver Island say a search of a home in Langford earlier this month netted a haul of drugs, cash and weapons including a pair of nunchucks. West Shore R-C-M-P say officers from multiple units searched the home due to suspected drug trafficking activity on October 11th.

Drug seizure at a Langford home

Bylaw patrols boosted for in Surrey

The City of Surrey says it's boosting bylaw patrols as Halloween and Diwali celebrations fall on the same day this year. The city says the patrols will focus on fireworks regulations.

Bylaw patrols boosted for in Surrey

What is Diwali, the Festival of Lights? How is it celebrated in India and the diaspora?

This year, the holiday is being celebrated on Oct. 31 and Nov. 1. In the U.S., Diwali falls on Halloween this year, which has triggered quite a few #Diwaloween memes on social media where some celebrants can be seen lighting diyas in their scary costumes or handing out laddoos to trick-or-treaters.

What is Diwali, the Festival of Lights? How is it celebrated in India and the diaspora?

Prime Minister Trudeau calls for return of Ukrainian children deported to Russia

Prime Minister Justin Trudeau is calling on countries around the world to do everything possible to repatriate Ukrainian children taken by Russia. Trudeau addressed delegations from more than 70 countries at a conference in Montreal this morning, as they prepare a joint declaration for the return of Ukrainian children, civilians and prisoners of war.

Prime Minister Trudeau calls for return of Ukrainian children deported to Russia

Dental-care program hits 1 million patients in first six months, coverage expands

A million Canadians have received care under the federal dental-care plan six months after the program began, Health Minister Mark Holland said Thursday. Starting on Friday, the program will also cover more complex procedures.

Dental-care program hits 1 million patients in first six months, coverage expands

Economy stalled in August, Q3 growth looks to fall short of Bank of Canada estimates

Statistics Canada’s gross domestic product report Thursday says growth in services-producing industries in August were offset by declines in goods-producing industries. A preliminary estimate for September suggests real gross domestic product grew by 0.3 per cent.