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2mon ago

Business

Business & Economics

Stability to return to housing market?

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Summary
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85% Informative

Royal LePage predicts average price of a home in Canada will rise by six per cent year-over-year to $ 856,692 in the fourth quarter of 2025 .

Quebec City leads the charge at 11 per cent , followed by Edmonton and Regina at nine per cent .

Re/ Max Canada is also expecting a more active market this year and predicts the national average residential price will likely increase by five per cent ..

1.2 billion fixed-rate mortgage holders coming up for renewal this year .

Banks will be keen to retain their book of business or snap up borrowers willing to make a switch.

Two- and three-year fixed terms offer shelter from short-term volatility and flexibility to change to their mortgage term sooner.