CREA is forecasting a modest growth of 6.6% in overall sales nationally year-over-year, along with a 4.4% increase in the average home price in 2025.
Royal LePage anticipates a 6% year-over-year increase in sale prices for 2025, while Re/Max predicts a 5% year-over-year price increase. It is worth noting that, historically, real estate has appreciated between 9% and 13% over the past ten years, depending on location and the style of the home.
Click here to read the full article in the December 30 issue of Canadian Mortgage Trends.
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