Regional insights
RE/MAX anticipates that 44% regions will shift to a sellers' market, among them Victoria, Regina, Edmonton, Windsor Saint John, North Bay and York Region, which is situated just north of Toronto.
Meanwhile 33% of regions will shift to balance out, including Vancouver Island, Winnipeg, Kitchener-Waterloo, Mississauga, Brampton, Toronto, Ottawa, Kingston and P.E.I.
As well, 17% will shift to a buyers' market, including Hamilton, Burlington, Kawartha Lakes, Muskoka and Haliburton. Finally, 6% – Calgary and Niagara – will experience mixed market conditions.
First-time homebuyers are the one audience group driving the market across the nation, and many are looking for townhomes and small residential properties such as bungalows. Similar to last year, many homebuyers are still looking for detached homes, as well as semi-detached homes with income potential to off-set rising cost of living.
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Get StartedConsumer insights
According to a Leger survey, commissioned by RE/MAX, 60% of Canadians currently own a home. Meanwhile, nearly half of Canadians (49%) are confident that home ownership is attainable; while 40% are increasingly becoming more open to settling down in new neighbourhoods to mitigate and manage some of the hurdles surrounding affordability.
In 2025, 47% of Canadians prioritize residential properties and areas that are less likely to be impacted by climate change. This is up 14% from 2024.
One-third of Canadians (36%) are optimistic that conditions in the Canadian housing market will improve in 2025.
Additionally, the survey's results also highlight that more than half of Canadians — 62% and up 5% when comparing results from 2024 — are more confident that working with a professional realtor broker or agent will help bring value to the overall buying or selling process.
When looking for information about new neighbourhoods to move to, 36% entrust the expertise of a real estate agent, while 42% still rely on online search engines and 45% ask friends and family.
Survey methodology
An online survey of 1,520 Canadians aged 18 years or older, was completed between October 25 to 27, using Leger's online panel. Leger's online panel has approximately 400,000 members nationally and has a retention rate of 90%.
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