2024 ended with typical quieter sales volumes and drop in inventory levels across all product classes of real estate (although current levels are considerably higher than at this time last year) . 2025 is going to be an interesting year. We are starting 2025 with lower interest rates which is good, Also, there are incentives and new CMHC rules which will help many buyers move forward. We will have to keep a close watch to see if inventory levels rise in the spring to keep up with the typical spring demand and sales volumes or we might just see a hot sellers market again. Lots of volatility in so many sectors coming in 2025. We will have a national election coming and internationally, there are a ton of geopolitical pressures mounting. It is very hard to offer any predictions right now. When buying real estate in 2025, think medium to longer term.
