05/07/2025
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 thereās 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 RBCās latest report, things have improved since the 2023 peak, but affordability remains far from ideal. In fact, weāre 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 itās a smart time to prepare and list while momentum builds.
Letās talk strategyāwhether you're buying or selling.
Jeff Chadha - JC Homes
"Going Beyond Your Expectations"
604-780-9830
[email protected]
www.jeffchadhahomes.com