Experts say housing market poised to remain strong in 2025

City: Canada

So, it looks like the housing market in Canada is gearing up for a solid year in 2025. Experts are saying that lower borrowing costs and some new rules for buyers are really going to help. Re/Max even predicts that home sales will rise in 33 out of 37 regions across the country. That’s pretty impressive!

They’re also forecasting a five percent increase in the national average residential price. It seems like there’s a lot of pent-up demand out there, and with these changes, more homes are likely to change hands soon. But, one economist did mention that this rush might slow down by mid-next year, so it’s something to keep an eye on.

In other news, there’s some chatter about Chinese and Russian cooperation in the Arctic, which has caught the attention of Norad. They staged a joint patrol near Alaska last July, and it’s something that the North American Aerospace Defence Command is monitoring closely.

On a different note, municipal leaders in Quebec are trying to figure out how to get more young people, especially women, involved in local politics. It’s a tough challenge, especially with the harassment issues that many elected officials face. A significant number of councillors have quit their posts recently, which is concerning.

And speaking of innovative ideas, a non-profit in British Columbia has launched a program to help construction companies recycle their waste. It’s like a dating app for construction materials, aiming to keep waste out of landfills while saving money on disposal fees.

Lastly, security at the Manitoba legislature has ramped up since the pandemic, and it seems like things won’t be going back to how they used to be. There have been some concerning incidents, and now, even the Premier has security personnel with him at events.

So, there’s a lot happening in Canada right now, from housing to politics and environmental initiatives. It’s definitely a time to stay informed!