05/11/2025
We could be heading into a stronger back half of 2025, if the economy holds steady and the Bank of Canada delivers more rate cuts this summer. Demand is expected to pick up later in the year, and there’s a real chance 2025 sales could surpass 2024, especially if borrowing costs continue to ease.
That said, affordability remains a major hurdle. Sales per capita are still very low, especially in Ontario, despite clear signs of pent-up demand. According to RBC’s latest report, things have improved since the 2023 peak, but affordability remains far from ideal. In fact, we’re still sitting at levels last seen during the 1989 market cycle peak.
For buyers, opportunity could be on the horizon if rates drop, but patience and preparation will be key. For sellers, growing buyer confidence could mean it’s a smart time to prepare and list while momentum builds.
Let’s talk strategy—whether you're buying or selling.
Eugene Pilato, Broker of Record
CENTURY 21 Today Realty Ltd.
Brokerage