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

Vancouver police boost presence at protests, schools for Oct. 7 anniversary

Vancouver Police Chief Const. Adam Palmer says planned and unplanned protests across the city are posing a "significant" risk of disorder, and officers trained specifically for large-scale events will be deployed. In addition, Palmer says tactical response and uniformed officers will be placed at "key locations" in consultation with leaders of both the Jewish and Muslim communities.

Vancouver police boost presence at protests, schools for Oct. 7 anniversary

Eby defends B.C.'s speculation tax increase, says it will create more needed rentals

New Democrat Leader David Eby is defending plans to increase British Columbia's speculation tax on empty homes because he says it works. He says the tax saw 20,000 vacant homes in Metro Vancouver rented out since its introduction in 2017 and he expects more rental opportunities will result from the increase.

Eby defends B.C.'s speculation tax increase, says it will create more needed rentals

NDP house leader says House dysfunction will be a factor in future confidence votes

NDP House leader Peter Julian says there's more his party wants to do in Parliament before the next election, but the current dysfunction continues it will become a factor in how they vote on a confidence measure. In just three weeks, two Conservative non-confidence motions have failed to bring down the government — but the Opposition promises more to come.

NDP house leader says House dysfunction will be a factor in future confidence votes

20K worth of jewelry stolen from a senior in New Westminster

Police in New Westminster are asking for the public's help identifying a woman who they say stole 20-thousand dollars worth of jewelry from a senior citizen. They say the victim was approached by a woman in her 30s who gave her fake gold jewelry and stole the senior's rings and necklace.

20K worth of jewelry stolen from a senior in New Westminster

2 earthquakes for BC this morning

The first was a magnitude 3.5 and shook just after two a-m in the Georgia Strait about 18 kilometres west of Tsawwassen. Natural Resources Canada says the second quake -- a magnitude 4.6 -- happened at around four this morning about 63 kilometres west of Fort St. John.

2 earthquakes for BC this morning

Homicide charge in Vancouver

Police in Vancouver say a suspect has been charged with second-degree murder in the death of a man in east Vancouver. They say officers responded to a report of a stabbing at residential building near Kingsway Avenue just after midnight yesterday.