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The Canadian real estate market shows signs of optimism for the year ahead, particularly with expectations for a robust 2025 season. Lower interest rates have played a significant role in encouraging potential homebuyers who had previously been hesitant to re-enter the market. Additionally, recent regulatory changes have made purchasing a first home more accessible for many Canadians, lifting some psychological barriers that kept buyers on the sidelines. As a result, both mortgage growth and home purchase activity are anticipated to improve compared to the previous year.