What can we expect come 2025? Is the growth we've seen sustainable? What will sell? Who will buy? Prices? Ahead of the new year, STOREYS spoke to experts and insiders to get an idea of how 2025 could play out."Normally, I'm planning vacations around now," Toronto realtor Susan Gucci told STOREYS in late-November.
“We’re actually expecting growth to pick up a bit next year," Kavcic says. "On the inflation front, we’re back to where we need to be so the Bank of Canada can go ahead and cut rates if they feel they need to, which is good for housing." Driving this demand is, of course, lower borrowing costs, but also a healthy supply of inventory that has helped keep prices from increasing. But this dynamic could be thrown off, Mercer says, as we approach the end of the year and begin looking into 2026, if
Kavcic highlights the fact that the cash flow dynamics for investors are similarly "out of whack," and that they will likely have to wait until rates drop considerably lower before re-entering the market.While investors are out for the count, well-positioned first-time homebuyers have been projected to drive a significant amount of sales come 2025.
The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.LTB Says Backlog Has Improved 20% In 2024, But Many Claim The System Is Still “Flawed”