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Placeline/People
Country Canada

CREA cuts 2025 housing forecast for second time this year

For the second time this year, the Canadian Real Estate Association has downgraded its forecast for home sales in 2025, even as it says a turnaround could be looming following increased activity in June. In its outlook, CREA says it now expects a three per cent decline of home sales from 2024 -- down from its April forecast for 2025 to remain essentially unchanged. (July 15, 2025) 
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Source name: 
The Canadian Press
Unique identifier: CP174765927 
Legacy Identifier: b_CDA-Home-Sales20250715T1600 
Type: Video 
Duration: 1m15s 
Dimensions: 1920px × 1080px     55.03 MB 
Usage rights: FOR ONE TIME USE ONLY. NO STORAGE FOR FUTURE USE. 
Create Date: 7/15/2025 4:00:00 PM 
Display aspect ratio: 16:9 
Tags
business
business and finance
Canadian Real Estate Association
CREA
economy
home sales
HOUSING
housing forecast
real estate
Sales