Looking ahead to Waterloo Region’s 2025 housing market [Video]

Experts say the housing market is due for a comeback in 2025.

There wasn’t much movement after June 2024, once the Bank of Canada finally implemented interest rate cuts. By fall, however, the market began showing signs of improvement.

“It’s a little bit more tame right now, but I don’t expect it to remain this tame,” said Faisal Susiwala, who has been a realtor in Waterloo Region for over three decades. “As the rates go down, prices will start coming up, buyers will start coming into the market, sellers’ expectations will start increasing and we’ll see more and more bidding wars.”

According to the Canadian Real Estate Association, the number of homes sold in November jumped 26 per cent year over year, thanks in part to lower policy rates.

“December 11th [there was] another half per cent cut and a quarter per cent cut is expected in January. This should …