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. The head of the North American Aerospace Defence Command says Chinese and Russian air co-operation in the Arctic has Norad's full attention. Those two countries for the first time staged a joint patrol in the Arctic near the coast of Alaska last July. U.S. Gen. Gregory Guillot says it could take decades for them to achieve the level of integration Canada and the U.S. already have but it is still something Norad is watching closely. Guillot says co-operation between Canada and the U.S. in the Arctic was strong in 2024, including their co-ordinated effort to respond during the July incident. Guillot says Russia is increasingly able to threaten North America from further and further away which means Norad must increase its ability to detect threats. Municipal leaders across Quebec are looking for ways to get young people, especially women, to run for local office in next year's election
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