Canadians are looking ahead to 2025 with a positive outlook on the housing market, prompted by a series of interest rate cuts in the latter part of 2024. RE/MAX Canada and its network of brokers and agents are expecting a more active market next year, with the national average residential price likely to increase by five per cent, and sales anticipated to rise in 33 out of 37 regions surveyed, with sales increases of up to 25 per cent.

National Market Trends

  • National average price expected to rise 5% in 2025: Average price growth in RE/MAX regions surveyed to range from 0.1%-10%.
  • Seller’s markets likely to dominate in 2025: 44% of regions will favour sellers, 33% will balance out, and 17% will favour buyers.
  • Consumer optimism is on the rise enterting 2025: 36% of Canadians are optimistic that the housing market will improve in 2025.

Canadian Consumer Trends

We surveyed Canadians on their perceptions of the 2024 housing market, and their expectations for 2025. Explore all the consumer trends in the report on remax.ca.

Regional Market Trends

The majority of the regions surveyed noted that first time homebuyers are one audience group driving the market across the nation, and many are looking for townhomes and small residential properties such as bungalows, while move-up and move-over homebuyers are looking for larger properties with additional space. On the flip side, retirees are seeking to down-size in most regions, with the exception of Calgary who are seeking villas and larger condominiums. Explore more regional insights from RE/MAX brokers across the country in the report on remax.ca.

Explore the New RE/MAX Report in the News

  • Toronto Star: Toronto home prices will be flat in 2025, predicts RE/MAX, contrary to other predictions of a hot spring market.
  • CP24 Breakfast: Watch this segment to see the report findings being highlighted on Toronto’s top morning show.