This year could be the year Toronto takes the crown for the most expensive real estate market in the country.
Real estate sale signage is shown on a street in Oakville, Ont., west of Toronto, on November 7, 2024. THE CANADIAN PRESS/Richard BuchanThe average price of a Vancouver home across all property types in November was $1,172,100, which was down 0.9 per cent year-over-year.
Soper said 2025 will see an increase in sales volumes across all segments of Toronto’s housing market, including condos, townhouses, semi-detached homes, and detached residences. “They’ve got the ocean, they’ve got the mountains, they’ve got the Fraser. So they’re even more restrained. I think their prices, generally speaking, will be higher than Toronto prices, all things being equal.”“Hopefully, as we go through 2025 as rates continue to come down, the first time buyer will be able to return,” Forbes added.New mortgage rules introduced by the federal government are expected to spark more demand in the housing market.
'True when I said it, true today': former Canadian PM Harper pushes back against Trump on social media Former prime minister Stephen Harper doesn’t find U.S. president-elect Donald Trump’s jibes about Canada becoming the 51st U.S. state very amusing.After sitting empty for 50 years, the City of Stratford is moving closer to redeveloping the former location of the Grand Trunk Railways shop.An increasing number of overdose deaths in Ontario involves the use of more than one drug, with the combination of opioids and stimulants proving to be especially dangerous, a new report says.
Abigail Robson is mourning the death of her mother Ashley Burke, who was killed in Edmonton, Alta, in an act of intimate partner violence.Adviser says Quebec-N.L. energy deal is 'very good,' as Opposition vows not to vote
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada’s Mortgage Changes Could Shift Toronto’s Real Estate Market in 2025Experts predict potential shifts in the Greater Toronto Area's real estate market in 2025 due to recent interest rate cuts and changes to mortgage rules.
Read more »
Canada Real Estate Market: 2025 Rebound Predicted, But Toronto Buyers Remain CautiousDespite predictions of a 2025 rebound, Canada's real estate market, particularly in Toronto, is showing subdued activity. Real estate agents report a lack of significant buyer enthusiasm, though some properties are selling with competition. The Bank of Canada's interest rate cut seems to be stimulating sales, while new listings have decreased, creating a tighter market.
Read more »
Toronto Could Overtake Vancouver as Canada's Most Expensive Real Estate Market in 2025A new report suggests that Toronto's real estate market is poised to surpass Vancouver's in 2025, driven by economic factors and rising demand. While Vancouver's average home price remains higher, Toronto's market is showing stronger growth.
Read more »
Platinum to remain rangebound in 2025, palladium price could fall to $800/oz in 2025The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Toronto homeowners could face increase in water rates, garbage fees in 2025Toronto homeowners could soon see an increase in their water and garbage bills as the city considers raising fees in 2025.
Read more »
Toronto homeowners could face increase in water rates, garbage fees in 2025Toronto homeowners could soon see an increase in their water and garbage bills as the city considers raising fees in 2025.
Read more »