Economic Uncertainty:
The threat of US tariffs is creating concerns for Canada's economy and housing market. While interest rates may drop, the potential impact on jobs and a recession remains uncertain.

Interest Rates & Renewals:
Falling bond yields and expected Bank of Canada rate cuts provide hope for homeowners renewing mortgages, with the possibility of lower rates ahead.

First-Time Buyers:
Millennials are driving demand, particularly as remote work declines. However, affordability challenges and slowing housing starts continue to impact the market.

Housing Recovery:
Despite economic turbulence, CMHC predicts a rebound in home prices and sales in 2025, especially in larger urban markets.