Let’s weigh in on what 2025 holds for the real estate market! We’ve officially been in the post-pandemic housing market slowdowns for as long as the pandemic boom—two and a half years. Heading into 2025, the big question is: are we finally going to see the housing market start to recover?
Here’s what we can expect to see in 2025... Key highlights:
✔️ 73% of Canadians believe homeownership is the best investment, while 49% feel it’s attainable
✔️ First-time Home Buyers are set to drive market activity, supported by interest rate cuts and changes to mortgage rules.
✔️ Affordability challenges continue, but 40% of Buyers are open to exploring new neighborhoods to manage costs.
Ontario’s housing market is expecting price increases across the province in 2025, driven by low supply and affordability challenges. The market remains competitive, with strong demand pushing prices higher! 🔑
**Sourced from-Re/Max Canada
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