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

Parole board 'working' to have Bernardo victims' families attend hearing in-person

A lawyer representing the families of two teenage girls murdered by notorious killer and serial rapist Paul Bernardo said they had been denied the right to deliver their statements in person at Bernardo's upcoming parole hearing. The issue was raised by Conservative Leader Pierre Poilievre during question period in the House of Commons Wednesday.

Parole board 'working' to have Bernardo victims' families attend hearing in-person

B.C. Conservative leader names shadow cabinet, gives job to controversial member

B.C. Conservative Leader John Rustad has assigned jobs to 41 of his 44-member caucus, including giving a critic's position to MLA Brent Chapman, who faced calls to step down during the campaign over controversial social media remarks. Several groups called on Rustad during last month's election to remove Chapman as his party's candidate over the posts, including one in which he called Palestinian children "inbred walking, talking, breathing time bombs."

B.C. Conservative leader names shadow cabinet, gives job to controversial member

Former PM Stephen Harper appointed to oversee Alberta's $160B AIMCo fund manager

Former prime minister Stephen Harper is the new chairman of the Alberta Investment Management Corp., which oversees more than $160 billion in funds, including pension funds and the Heritage Savings Trust Fund. The move comes almost two weeks after the province's finance minister fired the Crown agency's entire board, along with a number of executives, citing ballooning costs and substandard returns.

Former PM Stephen Harper appointed to oversee Alberta's $160B AIMCo fund manager

Eby's NDP cabinet 'bloated, expensive,' says B.C. Conservative leader John Rustad

British Columbia Conservative Leader John Rustad says Premier David Eby's new cabinet appears to be a taxpayer-funded loyalty program that rewards NDP caucus. Eby introduced his new cabinet this week, which includes 23 ministers, four ministers of state and 14 parliamentary secretaries.

Eby's NDP cabinet 'bloated, expensive,' says B.C. Conservative leader John Rustad

Investigation led to huge drug bust, which will disrupt Surrey drug trade, says RCMP

Mounties in Surrey say a year-long investigation has led to one of the largest drug seizures in the detachment's history and will "disrupt" the drug trade in the city. RCMP say they launched an investigation in June 2023 into a criminal group alleged to be involved in trafficking "high-potency" drugs and illicit firearms in the Lower Mainland.

Investigation led to huge drug bust, which will disrupt Surrey drug trade, says RCMP

B.C. government delegation jets to California to promote the province's film industry

Spencer Chandra Herbert, minister of tourism, arts, culture and sport, says in a statement that they want to bring the "biggest productions" to the province, allowing talent in B.C. to continue with work that comes "with a good pay cheque."