Episode 195: CREA's 2025 Forecast, Housing Density Proposals, and Market Trends Analysis
In this episode, we begin with a welcome and introduction before delving into the Canadian Real Estate Association's 2025 forecast and home sale projections. We examine factors influencing these updated forecasts, including development charges and the Ontario Real Estate Association's campaign for affordability. Proposals for increasing housing density are discussed, alongside CMHC data on housing starts with an urban vs. rural breakdown. The episode addresses challenges in housing demand and affordability, with analyst insights on market trends. We explore the impact of mortgage rates on market activity and regional variations in Canada's housing market, concluding with a wrap-up and sponsor message from Real Approved Inc.
Key Points
- CREA has updated its 2025 forecast to reflect an 8.6% increase in home sales and a 4.7% rise in national average home prices, driven by factors like pent-up demand and lower borrowing costs.
- Development charges in Ontario are a significant barrier to homeownership, with nearly half of aspiring homeowners feeling pessimistic about their chances due to these added costs, leading to calls for policy reforms to shift the financial burden away from new buyers.
- Despite a 2% increase in Canada's housing starts in 2024, the supply still falls short of what's needed to address the housing affordability crisis, with urban centers particularly struggling to keep up with demand.
Chapters
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| 0:39 | |
| 2:30 | |
| 2:54 | |
| 5:09 | |
| 5:59 | |
| 8:03 | |
| 8:58 | |
| 10:33 | |
| 11:15 | |
| 11:50 | |
| 12:08 |
Transcript
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