National home sales finish strong in 2024, as association forecasts rebound this year
- The number of homes sold in Canada increased by 19.2 percent in December compared to a year earlier, according to the Canadian Real Estate Association.
- The Canadian Real Estate Association predicts 532,704 home sales in 2025, an increase of 8.6 percent from 2024.
- The average home price in Canada is expected to rise by 4.7 percent to $722,221 this year, as buyer competition increases.
- Shaun Cathcart, a senior economist at CREA, noted a significant demand boost expected in spring 2025 as millennials seek to buy homes.
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Total News Sources0
Leaning Left4Leaning Right2Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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