RE/MAX's housing market outlook for 2025 compiles data from cities across the country in order to provide buyers with a thorough prediction of trends in Canada's housing market for the upcoming year. Some key takeaways include:
- An average rise of 5% in residential sales prices across the country is anticipated
- A seller's market is expected to dominate in 2025
- Consumer optimism is on the rise
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Insights for Ontario
RE/MAX's housing market outlook for 2025 also contains a number of insights for Ontario. Due to low supply and a lack of available affordable housing, only a small average price increase is expected for Toronto (0.1 percent). Higher increases are expected in Niagara Region (two percent), Hamilton (2.3 percent), Kawartha Lakes (four percent), London and Burlington (4.5 percent), Peterborough, Durham Region, York Region and Kingston (five percent), and Brampton, Mississauga and Kitchener-Waterloo (six percent). Of the surveyed locations, Simcoe County is expected to see the highest average price increase this year, with a ten percent rise in prices forecasted. Buyer confidence is also expected to continue to increase, with the combination of lowered interest rates and the new 30-year amortizations providing first-time home buyers with easier access to the market. As a result, such buyers are expected to be the main drivers of activity in many parts of the province.Click Here for More Info on Popular Ontario Markets
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