MACKEY & McCORMICK - Facts & Figures November 2024

289-242-5977 | blair@blairandpeter.ca

416-938-4267 | peter@blairandpeter.ca

Home Price Growth to Return to Long Term Norms in 2025, Ending an Era of Market Unpredictability

National aggregate home price forecast to increase 6.0% year over year in Q4 of 2025.

Highlights from the release:

Greater Montreal Area aggregate home price appreciation (6.5%) expected to outpace greater regions of Toronto (5.0%) and Vancouver (4.0%) next year.
Quebec City is forecast to see the highest gains among all major regions in 2025, with the aggregate home price expected to rise 11.0%, followed by Edmonton and Regina at 9.0%.
Calgary, which saw unprecedented price appreciation and sustained activity over the last two years, is forecast to see home prices increase a moderate 4.0%, along with Ottawa, Halifax and Winnipeg.
Median price of a condominium in the Greater Toronto Area expected to decline modestly by 1.0%, with thousands of new units to be added to the current surplus of supply.

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Featured Properties

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