Realtor Asham Cheema

Homebuyers are expected to remain hesitant in the near term, resulting in a buildup of pent-up demand.

This suggests the spring housing market will be soft.

However, if trade tensions with the U.S. escalate, we may see continued low sales and prices, while avoiding a recession could lead to a rebound in demand.

Curious about what this means for your plans? Reach out to discuss your next move.

Housing prices have shown resilience over the past two years, despite higher interest rates and economic uncertainty.

Higher tariffs are expected to increase construction prices and housing replacement costs, which will further support home prices.

Additionally, any further reduction in interest rates will ease the burden for homeowners with mortgages over $1 million who are set to renew in 2025.

Wondering what these price trends mean for your property? Let's chat.

Happy New Year!

As we step into 2025, I want to take a moment to thank all of my amazing clients, friends, and supporters for making 2024 such a rewarding year. Your trust and support mean the world to me.

Cheers to new beginnings in the year ahead. May 2025 bring you all good health, happiness and prosperity!