Market Outlook for 2025
With the new year and Spring season ahead, let’s dive into the key real estate trends for 2025 and how they may impact buyers and sellers across Canada!
National Trends
National Trends
- Housing Sales will rise by 6.6%, with 499,800 units expected to sell as interest rates decline.
- Housing Prices will grow by 4.4%, reaching an average of $713,375.
- Rising Demand continues in urban and suburban areas, driven by population growth and immigration.
- Interest Rates are expected to drop further, easing affordability and boosting buyer activity.
Regional Highlights
GTA
Quebec
- Average price: $1,135,215 (+3.4%).
- Suburbs like Mississauga and Brampton remain popular for affordability.
- Interest rate cuts will fuel buyer demand in 2025.
- Average price: $1,250,329 (slight decline).
- Demand shifting to suburbs like Richmond and Surrey for more affordable options.
- Recovery expected as rates drop.
Quebec
- Montreal prices: $630,063 (+8.9%).
- More affordable than Toronto or Vancouver, with strong demand due to immigration and job growth.
For Buyers
For Sellers
Looking to buy or renew your mortgage?
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- Lower rates will help with monthly payments, but prices in major cities remain high.
- Suburban areas offer better value and price stability.
- Expect more inventory, giving buyers more choice.
For Sellers
- Spring and Summer will bring higher demand as rates drop.
- Be realistic with pricing to attract offers.
- Suburbs may still see price increases in low-inventory areas.
Looking to buy or renew your mortgage?
DM me today!
Alexander Gasenko, Mortgage Broker
DLC Maple Mortgage Group, Lic #13415
DLC Maple Mortgage Group, Lic #13415
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