The Canada Mortgage and Housing Corporation (CMHC) has revealed its 2025 outlook for Canada’s housing market, impacted by economic uncertainty, shifting immigration policies, and interest rate changes.
Key Points:
Economic Risks: Trade tensions with the U.S. and reduced immigration targets may slow growth.
Housing Recovery: Lower interest rates and pent-up demand are expected to boost the housing market, with affordability challenges remaining.
Regional Variations: Housing recovery will vary across regions, with resale homes leading the way while new construction lags behind.
Condo Market: Condominium sales and construction may be slower due to high costs and rising financing difficulties.
Scenarios:
Low-growth: Economic strain leads to delayed housing recovery.
High-growth: Lower tariffs and stronger U.S. government spending could accelerate recovery.
