Average home prices are expected to rise by 4.4%, with the national average reaching $713,375.Alberta is projected to see strong growth, with a 6.8% increase in prices and 2.7% in sales....
Canadian home sales rose by 1.9% in Late-Q3 2024, marking three consecutive months of growth. Forecasts predict a 6.6% increase in home sales and a 4.4% rise in prices for 2025....
Sales Growth: Home resales in Canada are projected to rise by nearly 8% in Q1 and 4% in Q2, driven by falling mortgage rates. Price Increases: Home prices are expected to grow about 3% in Q1 and an additional 2% in Q2, as demand intensifies....
Over a million Canadian homeowners will face higher interest rates when renewing their mortgages in 2025, as many initially secured loans at rates below 1%. About 1.2 million fixed-rate mortgages are due for renewal, potentially increasing housing market listings as financially stressed homeowners sell. Rising mortgage defaults and foreclosures are evident, with delinquency rates for single-family homes...