Canadian housing prices are expected to rise by 5 percent next year, with sales increasing by 25 percent, according to a 2025 housing market forecast.
The report, 2025 Housing Market Outlook Report released on Nov. 26 by Re/Max, said 44 percent of housing market regions in Canada are expected to become sellers’ markets in 2025. Thirty-three percent will balance out, and 17 percent will favour buyers.
As part of the report, Re/Max commissioned a Leger survey and found that Canadians still see homeownership as a valuable investment (73 percent). It also found that 60 percent of respondents own their own homes and 28 percent rent. Eight percent of those surveyed neither rent nor own….