Canadian home-sellers are optimistic as market projections show favourable news: report

Canadian home sellers are optimistic about the future, as projections show a strong spring market for real estate nationwide.

A recent report by researchers at Wahi has shown that, according to National Bank statistics, the number of Canadians who have canceled their property listings is at an all-time low.

An average that has not been seen since 2023.

Supporting data from the National Bank shows that most sellers are feeling a new wave of optimism about the market and are hoping to close out the sale of their property on advantageous terms in 2025.

As a result, the Canadian Real Estate Association (CREA) recorded a 13 per cent increase in home sales in December 2024 compared to December 2023.

Wahi cites several variables contributing to this sudden wave of optimism, which ran parallel to national seller intent.

One such variable is the stock market’s favorable reaction to Canadian Prime Minister Justin Trudeau’s announcement that he would be stepping down from his role this year.

However, Wahi’s report was quick to note that the current trend of confidence in property listings is not bullet-proof, as even though general property values are projected to climb this year, it won’t be anything compared to major booms of the past like what was seen in 2022.

Contributing researchers to Wahi’s report hypothesize that property values akin to 2022 will likely not be seen until well into 2029.

For more information on Wahi’s report, visit their official website.