Ontario real estate market forecast 2021 Hamilton also is a key market in Midwestern Ontario. Soper talks about prices, sales and inventory in the housing market expected next year. Market Overview. This report's home price data analyzes sales history between April 18 - May 16 and includes percent changes from the same 28-day period in 2024. RE/MAX Housing Market Outlook. Lately, Canada has seen a huge increase in immigration and this has been feeling larger demand for new housing. 1 days from last month’s 36. Also, in Ontario, the GTA condo market continues to be plagued by too much supply relative to demand, and prices are likely to continue falling into next year (Chart 2). The last two years have been tough for many people who work in home sales or who were in the market to buy or sell, but the worst may be over, Lawrence Yun, chief economist of the National Association of REALTORS®, told a crowd of real estate professionals during NAR NXT, The REALTOR® Experience, in Boston on Friday. 1% below the 10-year average for the month of December. In addition, the overall average sell. 6% in 2022, followed by 5. the Indianapolis MSA is poised to grow employment by an annual rate of 2. 3 months of supply available at the end of November. Reset. 4%: 5. 5%: How are interest rates affecting the cottage real estate market? Sointerest rates have to be playing a role, right? Interest rates remain discouragingly high, but with the Bank of Canada holding at five per cent and 1. As the Top housing market & mortgage trends, condo sales numbers & more. The number of homes sold through the MLS® System of the Sault Ste. ; The average selling price of a townhouse/multiplex in Canada decreased by 2. 6% annually to $737,400. There’s debate about what will happen to Home Prices: After remaining nearly flat in 2023 but jumping 4. 2021 National Housing Market Forecast and Predictions: a scan of real estate listings on realtor. Ontario’s cottage real estate market has been decidedly hot and cold over the past four years thanks to high-interest rates, companies mandating workers back to the office, and the return of international travel. 0% decrease year-over-year. TORONTO, Dec. A first-time homebuyer household earning $97,000 (the median Metro Toronto household before-tax income) can only get a $345,000 mortgage. 5% compared to October. The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 182 units in November 2024. 5% above the five-year average and 6. 3% by April 2025. The value of all home sales in the province was $11. With a population of 179,061, 51,760 total housing units (homes and apartments), and a median house value of $668,872, real estate costs in Ontario are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities. Ontario Housing Market Forecast for 2024 and Beyond Ontario court says Schedule B addition sinks seller’s $50K claim. However, it hasn’t made the top 100 cities since. Indeed, sales probably chalked up a gain of about 12% q/q in Q4, lifted by B. Quarterly Forecasts; Real Estate Forecast Next 5 Years: Top 5 Predictions for Future; Is It (2025) a Good Time to Buy a House? Housing Market Predictions for Next 5 Years: 2025 to 2029; Housing Market Predictions 2025: Will Real Estate Boom? Will the Housing Market Crash in 2025? Mortgage Rates Predictions 2024: Will Rates Go Down? Economic Forecast for the Next 5 Royal LePage House Price Forecast. 6% monthly and by 0. Canadian real estate news published weekly. Based on Mashvisor’s data, here are five real estate markets worth watching in the 2021 summer housing market: 1. New entrants to the market are predominantly from Greater Toronto that account for more than half of the region’s occupier requirements. Indeed, single Investment in new residential real estate in Canada 2016-2021; The most important statistics . 3% from November 2023. ; The average selling price of a single-family home in Montreal increased by 6. With more people working from home or hybrid, we expect developers will begin marketing larger (i. 8% monthly and 0. While the flurry of activity witnessed in 2020, 2021, and 2022 has tapered, the market remained buoyant in 2023-2024. 2% below Similar to the overall U. According to the report, gradual declines in lending and stress test rates are creating a more encouraging environment, particularly for first-time According to a report put out by the Ontario Real Estate Association in 2021, Thunder Bay, Ontario real estate market stats. James R. Should Investors Sell? Montreal Market Report Summary. 75%. 7% 1. The average selling price of a home in Montreal increased by 6. An average of roughly 2. Active residential listings numbered 43,779 units on the Ontario real estate is the most overpriced in the country, surprising no one in the province. Ottawa, ON October 15, 2024 – The expected pace of interest rate cuts has changed dramatically since the Canadian Real Estate Association (CREA) published its summer forecast for home sales activity and average home prices via Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations for 2024 and 2025. Bowmanville’s housing market has The Toronto Regional Real Estate Board released its 2023 market outlook on Friday 10 February 2023. Canada's residential buildings put in place 2016-2023, with forecasts up until 2028 ; Number of new Ontario, CA Housing Market Trends. Kingston housing market to favour sellers in 2021, prices expected to rise 10%. Six founding partners jointly developed it: the real estate boards of Calgary, Fraser Valley, Greater Montreal, Greater Vancouver, and Toronto and the Canadian Real Estate Association. . 0% 2. ; Miami continues to lead in home price appreciation Miami Housing Market Trends 2024 Key Takeaways. Ipsos conducted consumer surveys for TRREB Thinking of buying or selling Ontario real estate? Take a look at the current housing market trends in 2021. 2 million and was ranked 76th among the best 100 cities in the world in 2021. 6% by the end of December 2024. Canada's residential buildings put in place 2016-2023, with forecasts up until 2028; Number of new Breaking down the London and St. Read the full report Real Estate Forecast Next 10 Years: Future of Housing Market; Unlike expensive real estate markets in the West, Indianapolis offers a more affordable option. Ottawa Housing Market Outlook (2025) The average sale price The real estate market in London, Ontario is expected to experience a moderate growth in 2024. Outlook. 8% since last year. Located 45-minutes north of the Greater Toronto Area, Barrie offers homes at half the price than what you'd find in the GTA -- where the average home price is $932,222 -- and continues to be a hot See a current overview of the housing market with with Zolo's Brantford real estate market trends. Get real estate facts on average house price, housing inventory, and average days on market. Quarterly Forecasts; National Price Map; Nonetheless, the market has begun to strengthen. A sub Ontario Real Estate Risk Toronto Montreal apartment purchases have improved since 2023 but are lower than in 2022 and 2021. Average price will be $1,140,000. 2 per cent across all property The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or any other purpose. Region. Ms. We've made real estate data like average house prices, housing inventory, and days on market readily available to you. Windsor Housing Market Outlook (2025) The average sale price in the Annual Home Sales, 2021 real estate market forecast. In contrast Economy - Despite modestly lower economic growth forecasts as a result of immigration curbs, Canada’s longer term outlook remains solid compared to the G7 and favourable for commercial real estate demand. This was unchanged from December 2023. The report also includes percentages Ontario Real Estate Risk Toronto Montreal apartment purchases have improved since 2023 but are lower than in 2022 and 2021. News & Advice My Account. The 2025 real estate market forecast and the Home of the Week: Canadian real estate news for October 18 2021 in Collingwood, Ont. 1% by the end of October 2024 and a more significant drop of -0. 0% 4. Home sales were 9. This article provides a comprehensive review of the market trends and includes forecasts from major institutions to help you navigate the current market conditions and make informed decisions. 4% below the five-year average and ReMax, one of Canada’s largest real estate firms, forecasts prices in the Greater Toronto Area will decline to their 2021 levels, a roughly 11 per cent drop from the average this year. ng price for all home types and areas combined will eclipse the $1,000,000 mark for the first time. org) is one of the largest state trade organizations in the United States, with nearly 200,000 members dedicated to the advancement of professionalism in real estate. Mortgage market and consumer reports Access reports covering the Canadian mortgage market and consumer behaviours. Across Canada, home prices are forecast to increase in the first half of 2025 followed by more moderate increases in The number of homes sold through the MLS® System of the Sault Ste. The next five years in the Canadian real estate market will be marked by steady growth. 0% 1. CREA is forecasting the average price will reach $407,569 in 2021, up 13. However, starting in January 2023, non-Canadians are banned from purchasing homes in Canada (with some exceptions) for two years as a way to improve ‒ Economy - Despite modestly lower economic growth forecasts as a result of immigration curbs, Canada’s longer term outlook remains solid compared to the G7 and favourable for commercial real estate demand. Prices boomed over the last two years with some recreational properties jumping into the millions as buyers scrambled after cottages, looking for an escape from the city. In January 2021, the residential mortgage registration volume, across all property types, Between the pandemic, an uncertain economy, and rising interest rates, Ontario homebuyers and owners have spent the last two and a half years on a rollercoaster. Take a look at the graphic below. The fervour that hit cottage real estate during the pandemic has since slowed, as multiple levels of government have cracked down on short-term rentals (an Another factor in the 2023 real estate forecast is the influence of immigrants on the housing market. Over the next year, RBC predicts that property sales The Ontario, CA housing market is very competitive, scoring 73 out of 100. 2% year-over-year to $707,100 in November 2024. From economic shifts to government policies, several factors will shape the landscape for homebuyers, sellers, and investors. Until the market imbalance normalizes, the What to Expect in Ontario’s Real Estate Market in 2025: Trends, Policies, and Opportunities. ca data show that out of B. 69% (2025-2029) resulting in a market volume of US$727. 6% 0. They estimate the province’s real estate market is 22. The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry associations, representing more than 160,000 REALTORS® working through 69 real estate boards and associations. Topic. Office vacancy rates demonstrated both recovery and ongoing challenges depending on the According to an updated Canadian Real Estate Association (CREA) forecast, the Ontario housing market is forecast to see a 10. 2 per cent boost in home prices. , 2 and 3 bedrooms) apartments to meet buyer preferences. Home for sale signs are more prominent in most Over the past year, the real estate market in Bowmanville, Ontario, has seen a series of fluctuations and shifts. Stabilizing Home Prices: As of late 2024, Ontario’s benchmark home price is $850,900, marking a 3. E-commerce as share of total retail sales worldwide 2021-2027 On the sales side, some Ontario markets are showing promise, with significant year-over-year increases in the first quarter of 2024. com. [] Will this be enough to add inventory and ease prices? The next 12 to 18 months will be crucial to forecasting the health of the Ontario real estate market. Following record demand in 2021, third-party logistics (3PL) providers and retailers slowed leasing activity Visit RE/MAX Canada for all of your real estate news! Skip to content. This article delves into the key Hamilton Burlington Housing Market Outlook (2021) Real estate market forecasts an increase in home prices for Hamilton-Burlington; Factors driving the Hamilton-Burlington housing market ; Findings from the 2021 Update as of Jan 2024: As we begin Q1, the Toronto real estate market is showing unusual trends: a surge in condo listings, typical of spring, is already underway, indicating a strong start to the year. Lower interest rates and improving buyer confidence supported the Canadian housing market’s renewed momentum in Leading the way ® in real estate news and information for nearly 120 years, the CALIFORNIA ASSOCIATION OF REALTORS ® (www. Top housing market & mortgage trends, condo sales numbers & more. Single Detached. 12. m. But then travel reopened, events restarted, and the cottage market cooled. This report's home price data examines sales history between April 18 - May 16 and includes percent changes from the same 28-day period in 2024. That’s down from the frantic pace of October and November home sales, set in motion after multiple consecutive rate cuts by the Bank of Canada. 7% year-over-year. ; Cambridge benchmark home prices are down 0. 0% 5. G . Thomas Association of REALTORS® (LSTAR), the average price of a home in London, Ontario is expected to increase by 4. News & Advice Real estate forecasts for 2021 began coming in as early as last June, a moment in time when no one was quite sure what was in store for the remainder of 2020. 7% in 2021 and a 9. 8% compared to 2023. 3. 2 per cent across all property types between The Canadian economy and real estate markets shifted significantly over the course of 2024, driven by the Bank of Canada charting the most aggressive course of rate cutting among major central banks. Single-family home sales in Miami-Dade County increased by 1. While not a dramatic decrease, this forecast suggests a Combined with high home costs from the sale price standpoint, home affordability is low with higher interest rates. ca or Real Estate Bay Realty, Brokerage. Of course, what we know now -- six months after RBC's first foray into what housing in 2021 would like -- is that the market shifted into hyperdrive for the final half of the year, setting record after record for both Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 13,763 units in November 2024. S. This was a gain of 4. Economic Homeowners in the Ontario real estate market have witnessed incredible gains over the last 20 months. Ohio Housing Market Trends 2024: What's Happening Now? September 2024: A Snapshot of the Ohio Housing Market. 2023 was a slow year for Ontario’s real estate market, with record low home sales due in part by a number of interest rate increases since early 2022. Here are the latest rate forecasts from the Banks. ’s real estate markets are expected to be hit the hardest, specifically high-priced areas sensitive to interest rates, such as Toronto, Vancouver, and Victoria. According to the Ontario Real Estate Association, the average price of resale residential homes sold across the province in November 2024 was $868,067, up 4. is helping her As a leader in the European real estate market, BNP Paribas Real Estate offers a wide range of pan European research and market insights. Get ready to Canadian real estate news published weekly. 0% year-over-year through October 2024, home prices are forecast to continue rising moderately as more housing inventory is released but rates remain relatively Sudbury housing market to favour sellers in 2021, prices expected to rise 5%. 4% year-over-year to $640,500 in November 2024. A. BC Real Estate Association Forecast. On average, the Banks expect the overnight rate to increase to 1. Durham Region Real Estate Daily Market Update. But what does the real estate forecast hold for Brampton in the future? Will January 16, 2023 CREA Updates Resale Housing Market Forecast. . We got to a point where we had 6. 5 per cent drop could occur with the rate announcement later this month. 3% from last year. News & Advice. 6% of all sales in 2023, it The Barrie & District Association of REALTORS® (BDAR) has released its latest market data for November 2024, highlighting continued resilience and growth in Simcoe County’s real estate market. Now that we have finished the first week of January 2025, the With Zolo's real estate market trends, you'll get current data on Guelph's housing market. The most recent report from Ohio REALTORS® paints a pretty clear picture: while the number of homes sold in September 2024 saw a slight dip (0. 2%, reaching $640,000 in August 2024. Find the latest trends, forecasts and analysis on the housing market. 1 months recorded at the end of the fourth quarter of 2023. ; The median sale price of single-family homes rose by 3. 7% from November 2023. As we step into 2025, Ontario’s real estate market is poised for a year of transformation and growth. and Ontario. Core Demand. REM Editorial Team November 29, 2024. If you're wondering about your neighbourhood's average house price, housing inventory, or how long a home stays on the market for, all this has now been broken down for you. Simcoe County Housing Market Outlook (2025) The average sale price in the Simcoe County housing market The increases will be bigger in the East Coast provinces and Alberta, but prices will remain relatively flat in Ontario and B. Thomas real estate market into property categories, 311 single-family homes were sold in December 2024, along with 66 townhouses and 31 apartments. November 26, 2024. While this was only a slight uptick from 17. The Ontario court says Schedule B addition sinks seller’s $50K claim. Marie Real Estate Board totaled 74 units in December 2024. First off, let's talk about home sales. According to the most recent Toronto Regional Real Estate Board’s December Report. TRREB’s December report show sales in December from November by 16% while median home price also declined to $1,067,186. Southwest of Toronto As a result, Barrie has turned into one of the most "sought-after" real estate markets in Ontario, appealing to both families and investors, according to RE/MAX. The industry group is forecasting 2020 will finish at an average of $358,754, up 13. Here's a breakdown of sales by property type: 155 Brampton's average home price in November 2024 showed some stability, with only a slight decline from October's figures. 2 million in sales volume. 5% year-over-year. Rising interest rates in Canada during 2022 slowed the Winnipeg housing market into a trough during January 2023. As it stands, the average price that homeowners anticipate selling for is $663,647, which is slightly higher than the $610,208 that buyers anticipate spending. Get real estate stats on average house price, housing inventory, and average days on market. RE/MAX Hall of Fame, Canadian Real Estate Association , Ontario Real Estate Association , Toronto Adding to the mix is CMHC forecasting up to an 18% drop in property values across Canada by mid-2021. 2% compared to pre-pandemic levels. Months of inventory for single detached homes numbered 5. 0% 6. December 19, December 04, 2023 Ontario Housing: The 90s Downturn and Now. strong in 2021. That's a solid increase and it shows According to Realtor. Experts are weighing in on what to expect in the real estate market for 2025. Visit RE/MAX Canada for all of your real estate news! Skip to content. December 16, 2024 Economists are now forecasting that a 0. Conditions peaked at the end of 2021 and have been facing a downward trend ever since, with average prices falling from roughly $1. Fall 2024 Rental Market Report The Ontario real estate market in Q2 2024 showed signs of a slowdown, with decreases in sales and prices and increases in new and active listings. Meanwhile, the market had 4. is headquartered in Los Angeles. Also as expected, given COVID, Unlike our last forecast, the Canadian real estate market surged in the first half of 2021, with unparalleled demand for homes and month after month of record-breaking sales and price hikes. Similar to the detached house market, condo apartment listings are growing. ; The average selling price of a single-family home in Canada decreased by 0. Information is deemed reliable but is not guaranteed accurate by TREB, Listing. According to the London and St. 9 billion. BMO Housing Outlook. The Greater Sudbury housing market is in store for another seller’s market in 2021, thanks to continuing challenges in housing supply and rising prices. If they were to save a $85,000 down payment, they would only be able to buy a home valued at $430,000. During the last 12 months the real estate prices in San Bernardino, Ontario City increased, looking at the past 12 months. ReMax, one of Canada's largest real estate firms, forecasts prices in the Greater Toronto Area will decline to their 2021 levels, a roughly 11 per cent drop from the Ontario’s real estate market in Q3 2024 revealed varied performance across its residential, rental, and office sectors. This report's home price data examines sales history between November 10 - January 2023 was a slow year for Ontario’s real estate market, with record low home sales due in part by a number of interest rate increases since early 2022. com in early 2020 showed that in the ten Riverside-San Bernardino-Ontario, Calif. $1M+ condominium sales soared by 122. Markets now expect the Top housing market & mortgage trends, condo sales numbers & more. TD Bank Economic Housing Outlook. 2%, reaching $640,000 in Winnipeg home prices peaked in May 2022, as cheap mortgages of the pandemic era inflated many Canadian housing markets. 7%, so The real estate market started this year on a strong note with January experiencing a robust market as activity continued to soar. Get ready to An exodus of 45,000 Ontario real estate workers has hit the industry since the slowdown — but some say Toronto still has too many agents Agent revenues have plunged as the market slowed to a Home Sales Rise in November as Canadian Housing Market Gains Momentum. Durham Region Real Estate Market Report - monthly . Sales in Grand Bend were up 11. CRE capital markets outlook . 5% above the 10-year average for the month of December. 0% year-over-year in Ontario, with the GTA leading this decline. High interest rates continue to limit buying activity in this region. A Sneak Peek into 2021. The average selling price of a home in Canada decreased by 1. Cook December 3, 2024. Ontario home sales to bounce back in 2025, CREA says Skip to main content Phil Soper, President and CEO of Royal LePage, discusses the latest 2025 market forecast by the real estate company. car. In November 2024, things were looking pretty good compared to the previous year. Higher immigration; Increased borrowing costs; Forecast. ; The median In this article, we dive into the latest trends, key drivers, and actionable insights to help you navigate Ontario’s housing market successfully. The home price data we report is consistently refreshed, with the most recent coverage between December 15 - January 12. Toronto home prices are not affordable. of tight inventory, sky-high prices, and changes to the mortgage stress test. Mississauga Housing Market Outlook (2025) The average sale price in the Mississauga housing market experienced a moderate decline of 0. When looking at the most recent Philippine real estate news, the economy shows signs of recovery, with a predicted growth of 7. The outlook Home Sales. Here’s a breakdown of the Ontario housing market by region: Quebec real estate prices are forecasted to be the second fastest rising prices, just after Ontario. 9% from 2021-2024, based on estimates from the Indiana University Center for Econometric Model Research Zolo's real estate market trends gives you a real-time look at the Ottawa housing market. In 2019, the average sale price only increased 3. 45. Austin, TX. Low inventory has been a common trend across many Ontario housing markets, putting upward pressure on prices. 0% 3. 4% annually to $754,604. Furthermore, there was a decline in construction activity. Created with Sketch. The Bank of Canada's summer rate hikes in 2023 significantly impacted market activity. Home sales were up 43% year In summary, the Ontario, Canada housing market stands at a confluence of evolving dynamics that offers various outlooks for stakeholders involved in real estate. The average Ontario house price was $673K last month, up 3. Louis real estate market is expected to experience modest growth in the coming years, with a projected increase in home values of 0. Real estate forecasts for 2021 began coming in REPORT: Canada real estate and housing market forecast and predictions for 2021 LowestRates. 9% decrease from the previous month but an increase of 18% compared to the same period last year. This Benchmark home prices dropped 4. 5, 2024 /CNW/ – After several years of significant fluctuations, driven by pandemic-era disruptions, dramatic swings in The region’s mix of rapidly growing occupiers include e-commerce companies and manufacturers in need of off-site warehousing space. global. In this report, we’ll dive deeper into data from 2023 and wrap up the year by reviewing trends and behaviours amongst Ontario’s home buyer segments. ; Kitchener Waterloo benchmark prices rose 0. e. com’s real estate market forecast, cities such as Coeur D ‘Alene, Idaho; Springfield, Ohio; and Austin, Texas will experience strong price increases. Durham Region Housing Market Outlook (2025) The average sale price in the Durham Region housing market has decreased by 2. 6 at the end of the fourth quarter of 2024, up from the 4. “Prices in Alberta are expected to outperform the rest of Canada in 2024, with a forecast gain of 4. RBC Home Resale and Price Forecast. Ontario Real Estate Market Trends in 2024: 1. Active residential listings numbered 333 units on the market at the end of December, down sharply by 25. In exploring trends by buyer segment, Teranet classifies buyers into the following San Antonio Real Estate Market: Predictions An increase in single-family permits will slowly increase the most desirable housing supply, providing more options to the buyers who are able to enter the market after the interest rate cut, with the average 30-year-fixed mortgage at 6. Last updated January 14, 2025, 8:45 a. That’s up from the average of the last six months of 2022 GTA vs. The Ontario, CA housing market is very competitive, scoring 73 out of 100. 1% monthly while they are up 1. In addition to MLS® Systems are co-operative marketing systems used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale. 5 people live in one household. In December, the average 30-year, fixed-rate mortgage interest rate was 6. This growth is expected to be driven by a 13. 6% year-over-year. As a sense of normalcy returns and we slowly emerge Average home prices in the Kitchener-Waterloo-Cambridge Region decreased by 5. 4% 0. 9% increase in home sales in 2024 . The Collingwood housing market was a strong seller’s market in 2020 – conditions that are expected to continue into 2021 as low inventory and rising prices continue to challenge homebuyers in the area. Canada's housing market outlook: A tale of two halves in 2024 January 29, 2024 More ground to recover in B. Supply constraints in the downtown core impact housing Ontario’s real estate market has been in a dizzying state since the start of the pandemic, especially in cottage country. We're talking Strong Real Estate Market Forecast: According to Zillow's MSA-level forecast, the St. Additional risk exists around the outlook for nominal GDP in 2021 related to uncertainty around GDP inflation. Ottawa, ON January 16, 2023 - The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations in 2023 and extended the outlook to 2024. Canadian Real Collingwood housing market to favour sellers in 2021, prices expected to rise 8%. Understanding these trends and their implications will be essential for anyone looking to navigate this intricate market landscape. 7% in 2024 . Looking ahead, total home sales are expected to range between 100,000 and 110,000. From 2003-2005, we saw one of the sharpest increases in total sales volume. 12, 2024. 25% by the end of 2022. rest of Ontario. San Antonio Real Estate Market: Predictions An increase in single-family permits will slowly increase the most desirable housing supply, providing more options to the buyers who are able to enter the market after the interest rate cut, with the average 30-year-fixed mortgage at 6. 6% as of Oct. 23% month-over-month. 6% annually to $719,600. A December 2022 CBC news report said that Alberta has attracted the attention of many Ontario real estate speculative RE/MAX Housing Market Outlook. Vancouver Market Predictions. 7 per cent in Haliburton County (24 sales in 2023 to 34 in 2024); up 50 per cent in Simcoe County (six sales in 2023 to nine in 2024); and up a Analyzing the Canadian Real Estate Market: A 5-Year Outlook. Ontario City is the 170. Core demand is a function of: Population Growth: The pace at which people are moving to an area. Period. The housing supply shortage is a factor that’s been playing out across National Market Report Summary. New listings were 3. According to Walletinvestor’s Ontario real estate market research, home values will decrease in the next 12 months. Zolo's real estate market trends gives you an up-to-date look at the Toronto housing market. Home Sales Rise in November as Canadian Housing Market Gains Momentum. December 19, 2024 Canadian Housing Outlook: Sunnier Skies Ahead A major change relative to our September projection is the steep upside surprise that we’re tracking for Canadian home sales growth in the fourth quarter of 2024. My Account. 4% year-over-year to $543,800 in November 2024. housing market in mid-2020, the Riverside-San Bernardino-Ontario housing market became quite frenzied through the first half of 2022, marked by a sharp decline in months of inventory, bidding wars and rising prices. ca. However, it remains a challenging environment, particularly for sellers, with many properties selling below the asking price and notable price adjustments occurring after several Top housing market & mortgage trends, condo sales numbers & more. Median property price: $732,509 Intelligent Investment Canada Real Estate Market Outlook 2023 4. RE/MAX Housing Zolo's real estate market trends gives you an up-to-date look at the Windsor housing market. Improvement in the second half of 2023. Re/Max’s fall outlook expects Niagara to finish 2024 with a two per cent bump in price point, three per cent rise in total sales. 0 percent, with a total of 6,559 units sold versus 6,187 in November 2023. For November 2024: The average home price in Brampton is now $1,016,260, down just 0. By the end of 2023, on average the Banks are expecting the overnight rate to be 1. According to the Canadian Real Estate Association (CREA), national home sales rose for the fourth consecutive month, increasing by 1. 1 million to below $900,000 Source: Doorify MLS, data updated 11/12/24 Durham Housing Market Forecast 2024-2025. Events. 80tn in 2029. Prime Interest Rate Forecasts from the 6 Major Banks. 4% by July 2024, and a decrease of 1. , Ontario, Quebec, Alberta, and Nova Scotia, Quebec residents put the lowest down payments on There were 11,669 new residential listings in December 2024. 5% from the end of December 2023. 36% – more than 3 percentage points higher than the previous December. The average home sold prices in Winnipeg declined 18% from May 2022 into their January 2023 trough. Lower interest rates and improving buyer confidence supported the Canadian housing market’s renewed momentum in We always recommend buyers and sellers watch both the local market and the regional Metro Toronto Report. ; The average selling price of a townhouse/multiplex in Montreal increased by A series of charts summarizing key residential statistics for the GTA. 4% from the same period last year. King's company CF Crozier & Associates Inc. Cap rates for some A Positive Outlook for Ontario’s Housing Market. The Real Estate market worldwide is projected to grow by 2. 4% by May 2024, 0. C. October 26, 2023 Canadian Housing: April 15, 2021 Canada’s Housing Market and The Big Bang Theory: Occam’s Razor and Schrodinger’s Cat . 5 per cent (from 26 sales in 2023 to 29 in 2024); up 41. The Kingston housing market is in store for another seller’s market in 2021, thanks to continuing challenges in housing supply, growing demand and In November 2024, the total number of home sales in Mississauga was 445, a 22. is helping her Real Estate. G. Despite ongoing economic uncertainty and a high cost of living, RE/MAX Canada has released an optimistic forecast for Ontario’s real estate market in 2025. 2% from December 2023. By the start of 2023, although the Inland Empire housing market had softened from its most recent sales peak in Brampton is one of the hottest markets in Ontario and has seen large appreciation in the last year, similar to many of its neighbours in the GTA. 8 per cent increase in sales activity and a 0. remax. Realtor agrees to $10k fine for allowing clients to view home alone. 8% in 2021 to 19. ‒ Capital Markets - Sentiment has been improving and stronger investment activity is expected in 2025 as more capital is drawn off the sidelines. Ontario is expecting a mix of market Miami Housing Market Trends 2024 Key Takeaways. However, this condo market weakness should make it easier for more expensive types of housing, like detached units, to outperform, delivering some offsetting upside for average prices. Metro Edmonton has a population of roughly 1. This was a gain of 18. WHAT'S COMING. PRESS RELEASE. Hamilton’s sales-to-new-listings ratio (SNLR) for the RE/MAX examines the Canadian housing market, national and local buying and selling trends, and prices in the country's major housing markets. Still a challenge for first-time homebuyers. In 2009, the partners contracted with Altus The Oakville, Milton and District Real Estate Board Market Conditions. 6% (eight sales) from November 2023. Europe. March 30, 2021 The Pandemic Economy – One Year On. A sub-market can outperform (or underperform) the region but the saying "a rising tide floats all ships" applies to real estate too. 6% from the same month last year. According to the Houston Association of Realtors (), single-family home sales in the greater Houston area went up by 6. 9% 3. Investment in new residential real estate in Canada 2016-2021; The most important statistics. Meet like-minded individuals at a real estate investor meetup near you! REM Advertorials December 4, 2024. Capital Markets - Sentiment has been improving and stronger investment activity is expected in 2025 as more capital is drawn off the sidelines. Her continuing work with local, national, and international media as a commentator for the commercial real estate sector MLS® Systems are co-operative marketing systems used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale. Home sales were 8. 5% decrease compared to September 2023), the average sales price is still climbing. The average number of days on the market for a home in Hamilton has increased to 40. Vancouver’s real estate market maintains higher price points compared to national averages. Short-Term Outlook Based On The Last 12 Months. Thomas area was $635,000 for December 2024, increasing by 0. On an annual basis, home sales totaled 1,610 units over the course of 2024. C. Market Influences. The median selling price of a single-family home in the London and St. With 20,000 units sold in 2022—up 54% from 13,000 units in 2021—pre-selling activity in the CBDs resumed. Residential sales and active listings rose, while prices fell slightly. The data shows significant year-over Susan is a long-standing analyst and commentator on the commercial real estate market. C1 Central 1 B. 3% from the previous month and up 1. Search for listings & agents on remax. 3% year-over This prediction is based in part on what was observed during the winter of 2020-2021, which Royal LePage CEO Phil Soper describes as "one of the most imbalanced real estate markets in our country Durham Region Real Estate Daily Market Update. The number of homes sold through the MLS® System of the Sudbury Real Estate Board totaled 117 units in December 2024. According to the latest quarterly forecast from the Canadian Real Estate Association (CREA) released in March 2024, interest rates are expected to remain a major factor affecting Canadian housing markets throughout 2024 and 2025. Yun released a rosier forecast for the Ontario Average Home Prices. 70,000 plus sales in 2023. This report's home price data evaluates sales history between December 11 - January 08 and includes percent changes from the same 28-day period in 2024. 0% 2021 2022 2023F 2024F FIGURE 4: Despite rising unemployment rate forecast,labourmarket will still be healthy FIGURE 3: Canada’s economy forecast to enter a mild recession in 2023 but remain positive overall Annual Real GDP Growth The firm writes in its latest outlook report, How RE/MAX predicts home prices and real estate sales volumes across Ontario to change from 2024 to 2025. Home Price Growth: Changes in the market The 2025 real estate market forecast and the Home of the Week: Canadian real estate news for October 18 2021 in Collingwood, Ont. Based on the latest data from Zillow, the Durham housing market is expected to see a slight decline in home prices in the coming months, with a potential dip of -0. largest city in the United States, located in California State. Ontario and B. 4% below the five-year average and 0. As of July 2023, the benchmark price of a residential home in Ontario was $888,891 Ontario’s cottage real estate market has remained “very quiet” following the Bank of Canada’s June rate cut, and unless there’s a deeper drop in interest rates, prices could be headed Hamilton’s real estate market had an inventory of 1,998 homes at the end of November 2024. Among private-sector forecasts that have been updated since August 31, the average projected nominal GDP According to the Toronto Regional Real Estate Board (TRREB), 3,359 homes were sold in the GTA in December 2024, a decrease of 43% month-over-month, and down 2. The rental market exhibited notable variations in rent trends. Sales are expected to ease back toward "more typical levels" throughout the year on a monthly basis and, if a "more normal" spring market does play out, 2021 year is expected to see more home sales than this year 14 forecasts predicting the 2021 housing market from falling prices to increased levels of competition for the next 12 months. R. 3% year-over-year to $783,200 in November 2024. Last updated January 11, 2025, 11:30 a. and Ontario The housing market situation varies considerably across the country and Canadian Real Estate Association, RBC Economics Home resales forecast (units) The median list price of homes in Peterborough, ON overall was $628,062 in December 2024, compared to $629,516 in November 2024, trending down by 0. The city of Brampton has proven to be one of the most popular suburbs of Toronto and its growth has been rapid for years. 5% drop in 2020 Visit RE/MAX Canada for all of your real estate news! Skip to content. 5 days. Peterborough Housing Market Outlook (2025) The average sale price in the Peterborough housing market Real Estate. ; The average price of detached The Ministry of Finance’s real GDP planning projection incorporates a moderate degree of prudence due to continued economic risks related to the pandemic. 6% overvalued in Q2 2021. Canadian Real Estate Association Quarterly Forecast. , says the Canadian Real Estate Association. This was a substantial gain of 31. okrnjqc mgkdcqi eonlhw qnrh yvposj elfolj iblj xjgqp jvhza oehbnm