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Re/Max & Zoocasa 2025 Predictions
The 2025 housing market is shaping up to be a year of opportunity, especially in the Durham Region and the Greater Toronto Area (GTA). Two recent reports—Re/Max’s 2025 Canadian Housing Market Outlook and Zoocasa’s 2025 Canadian Housing Market Predictions—offer key insights that paint an optimistic picture for buyers, sellers, and investors alike. Here is how they see things playing out in 2025 and some potential tips for buyers and sellers within the Durham Region.
Lower Rates, Higher Demand
Both reports agree: Declining interest rates are expected to be a game-changer. With the Bank of Canada easing rates and new mortgage rules extending amortization periods to 30 years, sidelined buyers are poised to re-enter the market.
👉 First-Time Buyers Surge: Re/Max predicts an influx of first-time buyers, bolstered by improved affordability. This trend will likely drive demand for entry-level homes, such as townhouses, smaller detached homes, and even some condos.
Balanced Markets Dominate in Ontario
While 44% of Canadian markets will favor sellers, Durham Region is part of the 36% of Ontario markets projected to remain balanced.
✅ Durham’s Advantage: A balanced market means fair opportunities for both buyers and sellers. Prices in Durham are forecasted to rise by 5% over 2024 levels likely stimulated by competition amongst first-time buyers and more downsizers.
🏡 Affordability Shifts: 40% of Canadians are open to exploring new neighborhoods to mitigate affordability challenges. This could make Durham an attractive destination for those priced out of Toronto or other high-cost areas.
Downsizing & Inventory Growth
With 1.2 million Canadian mortgages up for renewal in 2025 (per CMHC), many homeowners will look to downsize to smaller, more affordable properties.
👉 Takeaway for Sellers: If you're considering an upgrade from an entry-level home in 2025, now could be an ideal time to prepare, as downsizing demand and an influx in first-time buyers are expected to fuel competition in the smaller detached and townhouse segments.
Opportunities for Condo Buyers
The condo market has faced challenges, particularly in the GTA, where sales hit record lows in 2024. However, as competition heats up in detached and attached housing, condos could see a resurgence as buyers pivot to more affordable options.
Key Takeaways for 2025
Buyers: 2025 is your chance to secure a home before interest rates dip further, potentially pushing 44% of markets into seller territory and driving prices up even in balanced markets. Durham’s balanced market offers excellent opportunities.
Sellers: With a 5% price increase expected in Durham, listing your home in the spring market could maximize your return. Better yet, beat the inventory to market and get your listing up ahead of your competition this spring.
What’s Next?
Whether you’re buying, selling, or simply planning your next move, 2025 is brimming with potential. If you’re ready to make a move in the Durham Region or GTA, let us guide you through every step.
Looking to downsize or invest? Drop your questions in the comments or contact us today. Let’s make your 2025 real estate goals a reality!
CONTACT OUR TEAM NOW:
Ben Stanton, Broker @ 905-995-3372
Jim Stanton, Broker @905-409-9967
Brian Stanton, Salesperson @416-571-5272
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