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Canadian real estate forecast predicts a 9.3% drop in home sales due to economic concerns.
The Canadian Real Estate Association (CREA) has significantly downgraded its forecast for 2025, predicting a 9.3% drop in home sales and a slight decrease in the national average home price to $687,898, citing tariff uncertainty and economic concerns.
Meanwhile, the Ontario Real Estate Association (OREA) advocates for factory-built housing and other bold solutions to address the province's housing crisis, aiming for 1.5 million new homes by 2031.
However, a B.C.
economist criticizes federal housing policies as insufficient to tackle the crisis, noting that while the direction is right, the policies do not match the scale of the problem.
El pronóstico inmobiliario canadiense predice una caída del 9,3% en las ventas de viviendas debido a preocupaciones económicas.