RE/MAX Canada Predicts Housing Market Revival in Ontario in 2025

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Real Estate Nouvelles

RE/MAX Canada,Housing Market,Ontario

RE/MAX Canada has forecasted a significant improvement in the housing market for parts of Ontario in 2025, despite skepticism from many Canadians. The report suggests that gradual declines in lending and stress test rates make the current environment more encouraging for first-time homebuyers.

in the face of this latest lull have had residents reconsidering whether home ownership is a realistic, or even shrewd, goal to have anymore.

Nationally, RE/MAX is projecting a five per cent spike in average prices and up to 25 per cent more homes changing hands, led by places like Vancouver — which it says will see prices rise about 7 per cent and sales, 20 — but also by parts of Ontario. Kingston is likewise supposed to experience a double-digit uptick in sales activity , with prices set to climb 5 per cent for the average house or condo in the city .

Sudbury is the only Ontario locale where the company does not foresee buyer interest returning in the months to come, though it still projects home prices in the northern city to swell by 5 per cent year-over-year, to $487,986.

 

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