
Welcome to Maya’s Housing Forecast 2025 Takeaways, served with insight and expertise straight to your screen! Think of it as your ultimate real estate takeout—deliciously packed with key trends and market predictions.
- Immigration & Provincial Migration Drive Housing Shortages
- While the federal government lowered immigration targets, numbers remain above normal. This, coupled with provincial migration, means Edmonton’s housing inventory will stay tight, pushing prices higher.
- Lower Interest Rates = Spring Buyer Surge
- The Bank of Canada is expected to reduce rates further through 2025, likely settling around 3%. As buyers anticipate lower borrowing costs, a spring rush is on the horizon. Competition will intensify, driving up prices as inventory struggles to keep up.
- Builders Rise to Demand, But Affordability Suffers
- Alberta saw a 29.1% rise in housing starts in November 2023, with 4,352 new builds. While builders meet demand, they’re hiking prices and scaling back incentives. The resale market’s fierce competition may drive more buyers toward new builds.
- Alberta Leads the Nation in Property Price Growth
- Edmonton, Calgary, and other cities outperformed most markets in 2024. Alberta is projected to lead 2025 with 7-9% growth, driven by strong oil prices, population growth, fiscal stability, and low taxes.
- Condo Sales Booming in Edmonton
- Unlike national trends, condo sales in Edmonton are thriving. Rising home prices, population growth, and affordability make condos an attractive option, a trend likely to continue through 2025.
- Downtown Edmonton Faces Economic & Planning Challenges
- Office vacancies have hit 24%, with tax revenue dropping from 10% to 6.4%. Despite $500 million in investments and 40 sector initiatives, comprehensive strategies—potentially tied to the upcoming civic election—are crucial for revitalization.
- Affordable Housing Gap Remains
- Government incentives in 2024 prioritized rental projects, apartments, and single-family homes but overlooked affordable townhomes and semidetached options. Addressing this gap will be vital in 2025.
- Policy Changes Favor Higher-End Buyers
- The federal adjustment of the 5% down payment threshold to $1-1.5 million provides flexibility for higher-end buyers in Alberta, Toronto, and Vancouver, supporting competition in this segment.
- Buying in 2025: Resilience is Key
- With rising prices and stiff competition, buyers need to stay focused. Offering asking price or more may soon be the norm, and resilience will be essential to achieving your goals.
- A Seller’s Market … AGAIN
- It’s a great time to sell. Location flaws or minor issues are often overlooked, but preparing your home properly with repairs, cleaning, and staging can maximize returns. Spring 2025 is shaping up to be an ideal selling window.
Whether you’re buying, selling, or investing, these trends highlight the challenges and opportunities in 2025. Stay informed and make your move with confidence!
Hungry for more insights? Give me a call and I’ll help you digest all the info! #SeeWhataDifferenceaDAYMakes