As we move into 2025, the Canadian real estate market continues to evolve amidst changing economic conditions and shifting consumer preferences. In this blog, we explore the current state of the market, including both residential and commercial sectors, and highlight the trends shaping the industry.

Key Insights:

• Home Prices: While some regions have seen prices stabilize, others continue to experience growth due to strong demand and low inventory.
• Interest Rates: The Bank of Canada’s interest rate adjustments have a direct impact on mortgage rates, affecting home affordability for buyers.
• Regional Differences: Different provinces are seeing unique trends. For example, Toronto and Vancouver continue to be top destinations, while cities like Calgary and Edmonton are experiencing resurgence in demand due to stronger local economies.

Tips for Buyers and Sellers:

• Buyers should consider the impact of interest rates on their mortgage and ensure they’re financially prepared for potential increases.
• Sellers in high-demand areas can capitalize on the competitive market but should still be mindful of pricing strategies to avoid overpricing their properties.