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

Significant snowfall for parts of BC

Environment Canada says a "series of upper disturbances combining with cold arctic air" will result in significant snowfall to parts of B-C's northern and central Interior. It says up to 25 centimetres of snow is expected in the region by tomorrow afternoon.

Significant snowfall for parts of BC

BC Place to be fenced off for Taylor Swift shows, with zone limited to ticket holders

Vancouver officials say areas around BC Place stadium will be strictly limited to ticket holders for Taylor Swift's three Eras Tour shows that begin next week, as they announce preparations for what they say will be one of the biggest event weekends in the city's history. Police, city, stadium and transport officials say 160,000 fans have tickets for the shows on Dec. 6, 7 and 8, and up to 40 per cent are international travellers.

BC Place to be fenced off for Taylor Swift shows, with zone limited to ticket holders

Poilievre calls two-month GST break inflationary, says Tories will vote against it

The two-month measure applies to dozens of items commonly purchased over the holidays, including children's clothes and toys, video games and consoles, Christmas trees, restaurant and catered meals, wine, beer, candy and snacks. Poilievre, a vocal advocate for cutting taxes, said the GST break "isn't a tax cut."

Poilievre calls two-month GST break inflationary, says Tories will vote against it

Canada didn't live up to its values on immigration in recent years, Carney says

Canada didn't live up to its values on immigration over the last few years as it allowed more people into the country than it could absorb, said former Bank of Canada governor Mark Carney. Carney, who is a special adviser to the Liberal party, made the comments at an event on Wednesday in Ottawa held by Cardus, a Christian think tank.

Canada didn't live up to its values on immigration in recent years, Carney says

Trump's tariffs would devastate auto sector, raise consumer costs: Industry leaders

Auto industry leaders say U.S. president-elect Donald Trump'sthreat of tariffs on Canadian goods would have devastating effects for the sector, forcing both Canadian and U.S. consumers to pay higher vehicle prices.

Trump's tariffs would devastate auto sector, raise consumer costs: Industry leaders

RCMP investigating death of Edmonton man after mixed martial arts fight

Mounties in Alberta are investigating the death of a fighter following a mixed martial arts charity event. RCMP Cpl. Troy Savinkoff said the man was taken to hospital after he fought Saturday at a community centre in Enoch Cree First Nation west of Edmonton. Parkland RCMP received a report of the man's death on Monday morning, he said.