Canadian Home Prices Rise 2025

This is a Canada news story, published by Global News, that relates primarily to John Pasalis news.

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housing market

Global News

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Rate cut hopes could have ‘psychological’ impact on homebuyers in 2025 - National | Globalnews.ca

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Royal LePage released its 2025 housing outlook on Thursday , forecasting the aggregate price of a home in Canada will hit $ 856,692 in the fourth quarter of next year .

For the single-family detached market, prices are expected to rise 7.0 per cent annually to just over $900,000 .

Condos meanwhile are forecast to increase 3.5 per cent year-over-year to $ 605,993 .

The Bank of Canada’s policy rate stands at 3.75 per cent after 1.25 percentage points of easing since June .

Others argue that the mortgage landscape is not likely to change much from its current state.

Fixed mortgage rates in the market are based on yields in the bond market, which are derived from bets on where the Bank of Canada’s key rate is headed over the coming years .

Expectations for future cuts are already priced into the market, Realosophy Realty president John Pasalis said.

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