Ketiz Singh

Welcome to the Weekly Real Estate News Recap!

Calgary Condo Prices on the Rise

Hey there, welcome back to Ball of PR Real Estate! I’m Matthew Fifer, a real estate agent in Regina. Today, we’re diving into the latest Canadian real estate news, starting with a forecast that Calgary condo prices are set to double in the next 10 years. According to ZASA, Calgary is seeing rapid price appreciation, with condo prices expected to increase by 7% annually. While long-term forecasts should be taken with a grain of salt, it’s interesting to see where the market could be heading.

• Vancouver: 2030
• Toronto: 2031
• Halifax: 2031
• Ottawa: 2036
• Calgary: 2041
• Regina: 2085

Next, let’s look at the Canadian Real Estate Association’s monthly stats. Sales fell by 6% month-over-month, but are up 19% from last year. New listings are down by 2%, while the average home price has increased by 2.5% year-over-year. The real estate market is ever-changing, so it’s important to stay informed!

2025 Market Forecast and Mortgage Renewals

The forecast for 2025 is looking positive, with the potential for a 5% increase in home prices nationally. However, it’s essential to consider factors like economic uncertainty and political unrest that could impact the market. Additionally, 60% of mortgages are set to renew by 2026, with 40% seeing payment increases. While some may fear a flood of distressed sellers, many borrowers have the flexibility to manage any payment shocks.

As we look ahead to the coming year, it’s important to stay informed and prepared for any changes in the real estate market. Whether you’re buying a home in Regina or elsewhere in Canada, having a knowledgeable real estate agent by your side can make all the difference. Let’s navigate the real estate market together and make your dream home a reality!

Stay tuned for more updates and insights on the Canadian real estate market. Remember, knowledge is power when it comes to making informed decisions about your home!