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

Wild Christmas: BC Ferries cancels many sailings over 'severe' forecast

The ferry firm said the "severe" forecast meant all sailings between Tsawwassen and Duke Point in Nanaimo on Wednesday had to be axed, while trips between Tsawwassen and Swartz Bay between 11 a.m. and 5 p.m. were also scrapped.

Wild Christmas: BC Ferries cancels many sailings over 'severe' forecast

Fake banker scam in Burnaby

Mounties in Burnaby are asking for the public's help identifying a suspect believed to have defrauded a senior of thousands of dollars by posing as a bank employee. Police say they received a report in September saying a man called the victim and was able to obtain their date of birth and passwords.

Fake banker scam in Burnaby

Premiers urge Trudeau to extend deadline for charitable donations after postal strike

Canada's premiers are calling on the federal government to extend the deadline for claiming charitable donations on tax returns through to the end of February. Ontario Premier Doug Ford made the request in a letter to Prime Minister Justin Trudeau on Tuesday, sent in his capacity as chair of the Council of the Federation.

Premiers urge Trudeau to extend deadline for charitable donations after postal strike

Man dead after Mounties attempt arrest

RCMP say a man died after officers tried to arrest him on outstanding warrants near Edmonton. Police were called Monday to a rural home southeast of the city in Beaver County.

Man dead after Mounties attempt arrest

Arrest after man drives wrong way

Mounties are looking for witnesses and dashcam footage of a pickup truck that crossed onto the wrong side of Highway 1 when police tried to pull it over near Hope, B.C., last week. They say that just before 9:30 a.m. on Dec. 17, BC Highway Patrol attempted to stop a white pickup truck that was speeding in the eastbound lane of the highway.

Arrest after man drives wrong way

Israeli expert seeks new crime against humanity for waging violence against families

The Israeli expert leading a civilian commission into sexual violence by Hamas is calling for global bodies to recognize "a new crime against humanity" involving violence targeted at families. Cochav Elkayam-Levy said the world should take a stance against the destruction of families as a specific, identifiable weapon of war, aimed at terrorizing one's kin. She is proposing the crime be called "kinocide."