Canada Housing Market Unexpected Winter Surge Fuels Optimism for 2025
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Canada's housing market has seen an unexpectedly active fall, with some regions experiencing remarkable activity into December. This optimism for 2025 is driven by key federal policy decisions, including the Bank of Canada's easing interest rates and new mortgage reforms aimed at improving home affordability. These measures are fueling buyer interest and creating a buzz across the real estate market.
November's data highlights a 26% increase in MLS sales compared to last year, with notable surges in Montreal, Toronto, and Vancouver. While demand is robust, supply constraints are driving prices upward. Realtors are witnessing heightened activity typically unseen during the winter months, as both buyers and sellers act to capitalize on current market conditions. Many anticipate a busy start to 2025, with increased listings expected early in the year.
Regional variations persist, with Montreal and Calgary experiencing especially busy Decembers, while areas like Vancouver have seen mixed activity. Positive sentiment is growing due to softened prices from 2022 highs, peaking interest rates, and pent-up demand. As lending reforms and interest rate cuts further invigorate the market, industry experts predict a strong spring and sustained momentum into 2025.
Read the full article on: REAL ESTATE MAGAZINE
