Canadian Housing Market Rebounds

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cumulative home sales

CityNews

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Housing market poised for 2025 comeback as lower rates unleash pent-up demand

Summary

Nutrition label

80% Informative

Canadian real estate watchers were optimistic a sluggish 2023 would give way to a rebound.

But the lag in 2024 lasted longer than some expected, with the Bank of Canada waiting until June to deliver the first of the year’s five interest rate cuts.

Now heading into 2025 , economists and real estate agents believe activity is poised to remain strong amid much lower borrowing costs.

The national banking regulator’s recent move to remove a stress test for uninsured mortgages, said Ratesdotca mortgage and real estate expert Victor Tran .

Tran said the spring market will be really hot because of all these recent changes with affordability, said Tran . Other factors, such as the labour market and political uncertainty, could play a role in determining the housing picture next year .

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Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful