Close X
Tuesday, January 14, 2025
ADVT 
National

Experts say housing market poised to remain strong in 2025

Darpan News Desk The Canadian Press, 30 Dec, 2024 05:13 PM
  • Experts say housing market poised to remain strong in 2025

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.

MORE National ARTICLES

Senior Modi cabinet minister linked to India-supported violence in Canada: officials

Senior Modi cabinet minister linked to India-supported violence in Canada: officials
The Washington Post first reported that Canadian officials alleged Indian Home Affairs Minister Amit Shah was behind a campaign of violence and intimidation targeting Sikh separatists in Canada. Morrison told MPs at the national security committee Tuesday that he was the one who confirmed Shah's name to that newspaper.

Senior Modi cabinet minister linked to India-supported violence in Canada: officials

Prime Minister Trudeau congratulates Saskatchewan Premier Moe on election win

Prime Minister Trudeau congratulates Saskatchewan Premier Moe on election win
Prime Minister Justin Trudeau has congratulated Premier Scott Moe after the Saskatchewan Party won a fifth-straight majority in the provincial election. Trudeau says he wants to work with Moe to provide results for Saskatchewan residents, including creating jobs, expanding child care and improving health care. 

Prime Minister Trudeau congratulates Saskatchewan Premier Moe on election win

Police seize cannabis-infused candy mimicking popular name-brand snacks in B.C.

Police seize cannabis-infused candy mimicking popular name-brand snacks in B.C.
As Halloween approaches, police on Vancouver Island are urging the public to use caution after officers seized more than 120,000 cannabis-laced edibles, including chocolate and candies with packaging that mimics recognizable treats.

Police seize cannabis-infused candy mimicking popular name-brand snacks in B.C.

Pickpocketing taking place in New Westminster

Pickpocketing taking place in New Westminster
Police in New Westminster are asking residents to watch out for thieves targeting coat racks near the entrances of local businesses as winter approaches. Police say suspects typically take items such as wallets and cell phones from coats left on racks.

Pickpocketing taking place in New Westminster

Fatal residential fire in North Cowichan

Fatal residential fire in North Cowichan
Mounties in North Cowichan are investigating after a residential fire resulted in a death. R-C-M-P says officers were called to the scene at around 9:30 a.m. on October 28th, which prompted responses from North Cowichan, Maple Bay, Crofton and Chemainus.

Fatal residential fire in North Cowichan

First of six units begin generating power at B.C.'s Site C dam

First of six units begin generating power at B.C.'s Site C dam
BC Hydro says the massive Site C dam project in northeastern British Columbia has started generating power. The provincial electric utility says in a statement that the first of six generating units on the Site C dam has begun operations after completing testing and commissioning procedures.

First of six units begin generating power at B.C.'s Site C dam