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Dec 30, 2024 · The Canadian Real Estate Association (CREA) 2025 home sales forecast: 499,816 (+6.6% year-over-year) “…the profile for sales from one of a gradual improvement has changed to one whereby the market is forecast to remain in more of a holding pattern until next spring, when a sharper rebound is expected.

Jan 16, 2025 · “The assumption remains that the combination of two and a half years of pent-up demand and lower borrowing costs, together with the usual burst of spring listings will lead to a rebound in market activity across the country in 2025,” the association said in a release.. It added that the December and fourth-quarter sales figures provide an early indication of what could unfold in the spring ...

2 days ago · Canada Mortgage and Housing Corp. is forecasting a rebound in home sales and prices this year as homebuyers take advantage of improved borrowing conditions, but says its outlook is clouded by the threat of widespread tariffs from the U.S. The national housing agency said a trade war between Canada ...

Dec 31, 2024 · Top mortgage stories of 2024 Rates and housing market movements. The year of rate cuts: After the Bank of Canada’s rate peak in 2023, 2024 became the year of rate relief.The central bank delivered five consecutive rate cuts totalling 175 basis points, bringing the overnight rate down to 3.25%. These cuts led to a corresponding decline in the prime rate, easing borrowing costs for variable ...

Jan 20, 2025 · The Bank of Canada’s fourth-quarter consumer expectations survey reveals that despite recession concerns, 22.4% of respondents see a greater than 50% chance of moving to a new primary residence within the next year—up from 21.1% in the previous quarter.

Dec 31, 2024 · As the calendar flipped one year ago, Canadian real estate watchers were optimistic a sluggish 2023 would give way to a rebound, with hopes of renewed demand as soon as the spring.

Dec 4, 2024 · In total, RBC will see $353 billion worth of mortgages renew from 2025 to 2027, the majority of which are fixed rate borrowers who secured low rates during the pandemic. Borrowers renewing their mortgages in 2025, with an average current rate of 3.60%, are expected to experience the steepest payment shock.

Dec 14, 2024 · Canada Housing Infrastructure Fund (CHIF): A $1-billion fund supporting critical infrastructure projects, such as water and wastewater systems, to enable new housing developments. Public Lands for Homes Plan: Unlocks underutilized federal properties to expedite housing construction and increase the availability of affordable homes.. Housing Accelerator Fund (HAF): A $4-billion initiative ...

Nov 3, 2024 · At Mortgage Professionals Canada’s recent National Mortgage Conference broker panel, five industry experts shared insights on everything from market outlooks and professional development to the fixed-versus-variable rate debate—even placing a $10,000 bet on where mortgage rates might head over the next six months.