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

A list of Liberal cabinet ministers who have recently quit or don't plan to run again

It is the latest in a string of small shuffles Trudeau has been forced to make in recent months to replace ministers who have made clear they won't be seeking re-election. Several others who indicated publicly in October that they won't run again have yet to be replaced.

A list of Liberal cabinet ministers who have recently quit or don't plan to run again

'Human error' caused spill of up to 8,000 litres of fuel off B.C.'s coast: government

Human error during a fuel transfer at a fish farm off the west coast of British Columbia has resulted in a spill into the water of up to 8,000 litres of diesel. The B.C. government said in a report on its website that the spill happened Saturday at the Grieg Seafood fish farm near Zeballos, on the northwest side of Vancouver Island.

'Human error' caused spill of up to 8,000 litres of fuel off B.C.'s coast: government

Family, friends, leaders gather at memorial for former B.C. premier John Horgan

Up to three thousand people gathered at the Q Centre in the suburban Victoria community of Colwood for a memorial service for the former New Democrat premier and Canada's ambassador to Germany who died last month at age 65 following his third bout with cancer.

Family, friends, leaders gather at memorial for former B.C. premier John Horgan

Trudeau taps LeBlanc as finance minister after Freeland resigns: source

Public Safety Minister Dominic LeBlanc will be sworn in as finance minister this afternoon, a senior government official has confirmed. The official, who was not authorized to speak publicly about the appointment, says LeBlanc will be sworn in as finance minister at a ceremony at Rideau Hall at 4 p.m. and that Prime Minister Justin Trudeau will be present.

Trudeau taps LeBlanc as finance minister after Freeland resigns: source

16-year-old girl in critical condition after North Vancouver pedestrian crash

Mounties in North Vancouver say a 16-year-old girl is in critical condition after she was hit by a Jeep. RCMP says the collision happened around 5:30 on Sunday afternoon near the intersection of Capilano and Paisley roads.

16-year-old girl in critical condition after North Vancouver pedestrian crash

Ottawa police use DNA from 1996 murder to identify Vancouver stabbing suspect

Ottawa police say 73-year-old Lawrence Diehl was taken into custody by Vancouver police on Dec. 10 and returned to Ottawa, and he's accused of second-degree murder in the death of Christopher Smith on April 12, 1996.