The Canadian Real Estate Association (CREA) has slightly increased its 2025 home sale and price growth forecasts, expecting 532,704 homes to sell, an 8.6% rise from 2024. The national average home price is projected to reach $722,221, a 4.7% increase. The Canada Revenue Agency will implement changes to the capital gains inclusion rate starting June 25, 2024. Additionally, consumer spending rebounded in December, and Ontario's licensed mortgage brokerages can now file their 2024 Annual Information Return, due by March 31, 2025.
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