US EditionCREA cuts 2025 forecast again but says home sales are rebounding from 'chaotic start'
4 Articles
4 Articles
Home sales up in June, though fewer sales expected this year, says Canadian Real Estate Assoc.
The Canadian Real Estate Association downgraded its forecast for the number of homes that they expect will be sold in 2025. The national average home price is forecast to fall 1.7 per cent on an annual basis to $677,368 in 2025, which would be around $10,000 lower than predicted in April.
CREA cuts 2025 forecast again but says home sales are rebounding from ’chaotic start’
For the second time this year, the Canadian Real Estate Association has downgraded its forecast for home sales in 2025, even as it reported the number of homes changing hands across the country in June rose 3.5 per cent compared with a year ago.
CREA cuts 2025 forecast again but says home sales are rebounding from 'chaotic start'
For the second time this year, the Canadian Real Estate Association has downgraded its forecast for home sales in 2025, even as it reported the number of homes changing hands across the country in June rose 3.5 per cent compared with a year ago.
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