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CANADA: REAL ESTATE MARKET OVERVIEW 2025

CANADA: REAL ESTATE MARKET OVERVIEW 2025

Written by Yousaf Iqbal, Head of IQI Canada The Canadian real estate market began 2025 with strong sales activity and increased listing inventory, reflecting shifting market dynamics across key metropolitan areas. A combination of interest rate cuts in late 2024, improved affordability measures, and growing buyer confidence has contributed to heightened activity, particularly in Toronto, Vancouver, and Montreal. Greater Toronto Area (GTA)Home sales surged by 48.6% year-over-year, demonstrating renewed buyer demand.The average selling price rose by 1.5% to $1,040,994, indicating moderate price growth in line with inflation.Market analysts expect a well-supplied housing market to keep annual price appreciation steady throughout the yearThe Toronto Regional Real Estate Board (TRREB) projects that the GTA’s housing market will see moderate price growth, keeping pace with inflation. The MLS® Home Price Index Composite benchmark rose by 0.44% year-over-year in January 2025VancouverNew listings increased by 46% year-over-year, indicating growing seller confidence.The total inventory of homes for sale grew by 33.1%, providing more options for buyers.Residential sales rose by 8.8%, contributing to a balanced market environment.MontrealVReal estate transactions jumped by 36%, surpassing historical averages.This surge was primarily driven by favorable financing conditions following the recent interest rate cuts.Toronto Market UpdateThe year started with GTA REALTORS® reporting 3,847 home sales through TRREB’s MLS® System in January 2025, marking a 48.6% year-over-year increase. On a seasonally adjusted basis, January sales increased month-over-month compared to December 2024. The MLS® Home Price Index Composite benchmark rose by 0.44% year-over-year, while the average selling price of $1,040,994 was up 1.5% compared to January 2024. The TRREB Market Outlook and Year-in-Review report suggests that a well supplied housing market will keep annual home price growth aligned with inflation, leading to moderate price increases in the GTA throughout 2025Vancouver Real Estate Market – January 2025New MLS® listings in Metro Vancouver surged by 46% year-over-year in January, as sellers entered the market with renewed confidence. According to Greater Vancouver REALTORS® (GVR), residential sales in the region totaled 1,552 in January 2025, marking an 8.8% increase from 1,427 sales in January 2024. However, this figure remained 11.3% below the 10-year seasonal average of 1,749. A total of 5,566 detached, attached, and apartment properties were newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2025. This represents a 46.9% increase compared to the 3,788 properties listed in January 2024, and 31.1% above the 10-year seasonal average of 4,247.The total number of properties currently listed for sale on the MLS® system in Metro Vancouver stands at 11,494, a 33.1% increase from January 2024 (8,633), and 33.2% above the 10-year seasonal average of 8,632.Sales-to-Active Listings Ratio – January 2025Across all property types (detached, attached, and apartments), the sales-to-active listings ratio stands at 14.1%:Detached homes: 9.2%Attached properties: 18.5%Apartments: 16.5%Quebec For more info on global insight. Click here

11 March

AUSTRALIA: NATIONAL HOUSING MARKET OVERVIEW

AUSTRALIA: NATIONAL HOUSING MARKET OVERVIEW

Written by Lily Chong, Head of IQI Australia The start of the year saw national dwelling values remain steady, with only a slight dip of 0.03% in January. While capital cities experienced a collective 0.2% decline, regional areas continued to grow, reaching new record highs with a 0.4% increase. Among the capital cities, Melbourne led the declines with a 0.6% drop, followed by the ACT (-0.5%) and Sydney (-0.4%). In contrast, Brisbane and Perth maintained growth, though at a slower pace, particularly in the detached housing market. Perth’s quarterly growth rate eased from 7.1% in June 2024 to just 1.0% in the three months to January. Meanwhile, Adelaide remained resilient, leading capital city growth over the past six months with a 4.8% increase. On an annual scale, national home value growth slowed significantly, dropping from a 9.7% peak in February 2024 to 4.3% in January. Melbourne (-3.3%), the ACT (-0.5%), and Hobart (-0.4%) recorded yearly declines, while Sydney posted a modest 1.7% gain—the lowest since June 2023. Regional Victoria was the only broad regional area to see a decline over the past year (-2.6%) . Perth Property Market SnapshotPerth’s housing market remains strong, with the median house sale price rising by 1.4% in January to $750,000—an impressive 23% increase year-on-year. Units also saw positive movement, with the median price increasing by 1.0% to $500,000, reflecting a 20.5% annual rise.According to REIWA CEO Cath Hart, property prices are still on an upward trajectory but at a more measured pace compared to 2024. She noted that while some buyers are taking their time with purchasing decisions, well-presented homes in desirable locations continue to attract strong interest and sell quickly. Sellers are encouraged to set realistic prices and focus on presentation to maximize their chances in the current market. Perth Rental Market TrendsRental prices in Perth also increased, with the median dwelling rent rising 3.1% in January to $670 per week—up 8.9% from a year ago. House rents increased by 1.5% to $680 per week, marking a 6.3% annual rise, while unit rents remained steady at $650 per week, up 12.1% year-on-year.Ms. Hart highlighted that while monthly rent prices continue to fluctuate, the significant slowdown in annual growth rates suggests a more moderate rental market compared to last year. A year ago, annual rental growth was 18.3% for dwellings, 16.4% for houses, and 20.8% for units.For more global update. Click here

11 March

Juwai IQI Newsletter – Real Estate Market – MARCH 2025

Juwai IQI Newsletter – Real Estate Market – MARCH 2025

The global real estate market saw mixed results in March , with some areas improving and others struggling.What else have you missed in March 2025CLick here now! for more info

28 February

India’s Real Estate Boom: Land Acquisitions & Market Trends 2024

India’s Real Estate Boom: Land Acquisitions & Market Trends 2024

INDIA’S REAL ESTATE BOOM: A TRANSFORMATIVE YEAR FOR LAND ACQUISITIONSIndia’s real estate sector witnessed an extraordinary surge in land acquisitions in 2024, with over 2,200 acres of land transacted, marking a 47% year-on-year growth, according to recent reports. This impressive expansion reflects the evolving dynamics of the Indian economy, where demand for housing, warehousing, and industrial spaces continues to drive large-scale investments. Notably, Delhi-NCR, Bengaluru, and Mumbai were key contributors, accounting for nearly 2,000 acres of transactions. Residential projects dominated the acquisitions with 1,200 acres, while industrial and warehousing projects claimed 580 acres, and data centres accounted for 200 acres.Several factors are fueling this trend, including increased urbanization, a burgeoning middle class, and the post-pandemic recovery in demand for high-quality housing and warehousing solutions. The demand for warehousing is particularly noteworthy as India strengthens its position as a global logistics hub. E-commerce giants, quick commerce startups, and manufacturing companies are driving this growth, necessitating vast land tracts for efficient supply chain operations.The shift towards warehousing and industrial projects highlights India’s evolving economic landscape, transitioning from a service-centric economy to one with a stronger industrial base. Additionally, the data centre acquisitions point to the rising importance of India’s digital infrastructure, as businesses adapt to increasing internet penetration and demand for cloud services. As the sector grows, it is poised to create significant employment opportunities and contribute substantially to GDP growth, cementing India’s status as an economic powerhouse.Quick Commerce: Transforming Indian Real Estate with Dark Stores:Quick commerce (q-commerce) is revolutionising India’s retail and real estate sectors by promising ultra-fast deliveries—everything from groceries to electronics—often within just 10 minutes. This fast-paced shopping model thrives on efficiency and convenience, aligning with the increasing digital lifestyle of urban consumers.At the heart of this transformation are dark stores, or micro-warehouses, which are purpose-built for rapid order fulfilment rather than traditional in-store shopping. Typically ranging between 2,500 to 4,000 square feet, these mini-warehouses are strategically located in densely populated urban areas to meet last-mile delivery needs. Unlike retail outlets, dark stores prioritise logistics, making them key to cutting costs and ensuring speedy deliveries.In 2023 alone, the demand for dark store spaces in India reached an impressive 24 million square feet, fueled by the country’s burgeoning q-commerce market, which is projected to grow to $40 billion by 2030 at a staggering 45% CAGR, according to Deloitte. This growth has significantly impacted on real estate trends. Cities such as Bengaluru, Mumbai, and Delhi, along with Tier-II cities, have seen property prices soar by at least 30% in areas where q-commerce companies are expanding.As urban logistics spaces gain prominence, the use of low-value brownfield sites, such as abandoned industrial spaces, underutilized parking lots, or mixed-use buildings, has become a practical solution.These repurposed properties allow for the quick establishment of dark stores, bypassing the high costs typically associated with retail spaces in urban areas.The rise of dark stores is not only reshaping real estate but also redefining the traditional use of ground floors in buildings, which are now being optimized for q-commerce operations. The concept of “market at your fingertips” is driving this real estate shift, marking a significant evolution in how urban spaces are utilized.for more update newsletter, click here!

18 February

Expansion of Mixed-Use Developments Outside Metro Manila

Expansion of Mixed-Use Developments Outside Metro Manila

PROLIFERATION OF MIX-USED DEVELOPMENTS OUTSIDE METRO MANILAIn recent years, the proliferation of office and residential hubs outside Metro Manila, the capital region of the Philippines, has become a notable trend. This shift is driven by several factors, including the need to decongest the overcrowded metropolis, the rise of remote work and digital technologies, and government policies promoting regional development.Economic DecentralizationThe government, along with private developers, is actively pursuing economic decentralization to spread economic activity more evenly across the archipelago. This is evident in the development of new business districts and economic zones in key provinces such as Cavite, Laguna, Batangas, Pampanga, and Bulacan. These areas have seen significant investments in infrastructure, including new roads, airports, and port facilities, making them more accessible and attractive for businesses.Improved InfrastructureKey infrastructure projects, such as the North Luzon Expressway (NLEX), South Luzon Expressway (SLEX), and the ongoing Manila-Clark High-Speed Rail project, are critical to this transformation. These projects enhance connectivity between Metro Manila and surrounding provinces, making it feasible for businesses and residents to relocate outside the congested capital.Real Estate DevelopmentThe real estate sector has responded robustly to the shift, with major developers creating integrated townships that offer both residential and commercial spaces. Developments like Clark Green City in Pampanga and Nuvali in Laguna offer modern amenities, green spaces, and sustainable living options that attract both businesses and families seeking a better quality of life.Growth of Secondary CitiesCities such as Clark in Pampanga, and Cebu and Davao in the Visayas and Mindanao regions, respectively, are rising as alternative urban centers. These cities are experiencing growth due to their strategic locations, availability of skilled labor, and supportive local governance. Consequently, they are becoming focal points for outsourcing and Information Technology-Business Process Management (IT-BPM) sectors, among others.Societal ShiftsThe shift to remote and flexible work arrangements, accelerated by the COVID-19 pandemic, has reduced the necessity for proximity to traditional business districts. This has empowered more people to consider relocating to suburban and provincial areas where housing is often more affordable, and the quality of life is perceived to be higher.Challenges and Future DirectionsWhile the trend of moving outside Metro Manila is promising, it also presents challenges, such as the need for adequate infrastructure, services, and governance in new growth areas. The ongoing commitment of both the government and private sector to address these issues will be crucial to sustaining and leveraging this trend.Overall, the proliferation of office and residential hubs outside Metro Manila reflects a broader transformation in the Philippines’ urban landscape, driven by changing economic, technological, and social dynamics. This trend offers an optimistic outlook for balanced regional development, potentially alleviating the pressures faced by the national capital while stimulating growth across the nation.for more update newsletter, click here!

18 February

Exploring Pakistan’s Real Estate Growth and Key Insights for 2025

Exploring Pakistan’s Real Estate Growth and Key Insights for 2025

MARKET TRENDS AND INSIGHTS - 2025As we begin the new year, Pakistan's real estate sector continues to show resilience and growth. Despite economic challenges, the industry remains a vital contributor to the country's GDP. In this newsletter, we will delve into the current market trends, statistics, and insights that shape the Pakistani real estate landscape.Market PerformanceAccording to a recent report by the Pakistan Bureau of Statistics (PBS), the country's real estate sector has witnessed a significant increase in investment. The sector attracted investments worth PKR 1.4 trillion (approximately USD 4.9 billion) in the fiscal year 2023-2024, marking a 15% growth compared to the previous year.The PBS report also highlights the growing demand for housing in Pakistan. The country faces a significant housing shortage, with an estimated 10 million units required to meet the current demand. This shortage presents a lucrative opportunity for developers and investors to cater to the growing need for affordable housing.Regional InsightsThe major cities of Pakistan, including Karachi, Lahore, and Islamabad, continue to drive the country's real estate growth. These cities have witnessed significant developments in the residential and commercial sectors, with several high-end projects launched in recent years. Karachi's property market has seen a notable increase in prices, with a 10% to 15% appreciation in the last quarter of 2024 alone.Lahore's real estate sector has been driven by the development of new housing societies and infrastructure projects, such as the Lahore Ring Road.Islamabad's property market remains stable, with a steady demand for residential and commercial units.Challenges and OpportunitiesDespite the growth prospects, Pakistan's real estate sector faces several challenges. These include:• Regulatory issues: The sector is plagued by a lack of effective regulation, leading to concerns over property rights and transparency.• Infrastructure deficiencies: Inadequate infrastructure, such as roads and utilities, hinders the development of new projects and affects property values.• Financing constraints: The high cost of financing and limited access to credit facilities restrict the growth of the sectorHowever, these challenges also present opportunities for innovative solutions and investments. The government's initiatives to promote affordable housing, such as the Naya Pakistan Housing Program, are expected to boost demand and drive growth in the sector.ConclusionPakistan's real estate sector is poised for growth, driven by increasing demand, government initiatives, and investment opportunities. While challenges persist, the sector's resilience and potential for innovation make it an attractive prospect for investors, developers, and buyers alike. As we navigate the complexities of the Pakistani real estate market, we will continue to provide you with timely insights and updates to help you make informed decisions.For more update newsletter, click here!

17 February

Canada Housing Market: December Cooling and 2025 Forecast

Canada Housing Market: December Cooling and 2025 Forecast

In December 2024, Canada's housing market cooled, with sales down 5.8% from November but up 10% for Q4. The average home price was $676,640, a 2.5% year-over-year increase, with the Home Price Index rising 0.3%. The Bank of Canada’s interest rate cuts, including a December drop to 3.25%, are expected to boost demand and listings in spring 2025.TorontoTORONTO, ONTARIO, January 7, 2025 – The GTA housing market saw modest changes in 2024. Annual sales rose 2.6% to 67,610, while new listings jumped 16.4%, offering buyers more options and curbing pricegrowth. The average home price dipped slightly to $1,117,600 from $1,126,263 in 2023, with condos seeing larger price declines than ground-oriented homes. High interest rates limited affordability, but Bank of Canada rate cuts in late 2024 improved conditions. TRREB expects further rate reductions and stable prices to enhance the market in 2025. December sales totaled 3,359, with new listings up and prices steadyVancouverMetro Vancouver home sales rose over 30% year-over-year in December 2024, reflecting strengthening demand. Annual sales reached 26,561, up 1.2% from 2023 but 20.9% below the 10-year average. Listings increased 18.7% to 60,388, exceeding the 10-year average by 5.7%. December inventory totaled 10,948, up 24.4% year-over-year. The benchmark price for all properties was $1,171,500, up 0.5% from December 2023. Despite a slow start to 2024, late-year sales momentum and stabilizing prices suggest a more active market in 2025.QuebecFOR MORE UPDATE NEWSLETTER, CLICK HERE!

17 February

Hong Kong Property Market: Growth, Trends & Key Moves

Hong Kong Property Market: Growth, Trends & Key Moves

HONG KONG PROPERTY MARKET MONITORResidentialIn November, the transaction volume in the primary market rose to 2,494 units, while the secondary market saw an increase to 3,804 units, resulting in an overall m-o-m increase of 34.1%. Mass residential capital values declined by 0.8% m-om in November, following a 0.9% decline in October.In December, the HKMA issued guidelines to banks introducing a one-off special scheme to assist homebuyers who purchased uncompleted residential properties during 2021 to 2023 using stage payment plans. Under the scheme, which allows for a relaxation of supervisory requirements on the maximum loanto-value (LTV) ratio and the debt servicing ratio (DSR) limit for property mortgage loans, banks may offer mortgage loans with a maximum LTV ratio of 80% to eligible homebuyers, and the DSR limit is adjusted to 60%.Market sentiment experienced an upswing in November, driven by the attractive pricing of new project launches. '101 KINGS ROAD' in North Point sold 98 out of 157 units launched on the first day. Among major luxury sales transactions, a unit at '15 Shouson' in Shouson Hill was sold for HKD 845.0 million or HKD 69,991 per sq ft, SA.RetailTotal retail sales performance stabilized further in October, falling 2.9% y-o-y, and moderating from the 6.9% dip in September. Notably, sales of "consumer durable goods" rebounded by 4.9%, with "electrical goods and other consumer durable goods not elsewhere classified" registering a 17.1% surge. Meanwhile, online sales rebounded by 8.4%, after falling 12.1% in September.Total inbound visitations in October rose by 18.3% to 4.1 million, resulting in a 37.0% y-o-y increase in the first 10 months of this year.Luk Fook Jewelry plans to open a new outlet in Mong Kok's Rex House, occupying several G-3/F shop units totaling 12,706 sq ft. The reported monthly rental is approximately HKD 600,000, representing a 40% discount compared to the rent paid by the previous tenant, Lao Feng Xiang Jewelry.In Tsimshatsui, three G/F shops (2,580 sq ft in total) in Anson House were sold for HKD 73.98 million by Rich Capital Resources Ltd to Kanson Ltd at an estimated initial yield of approximately 4.9%, with the property currently tenanted by two eateries.FOR MORE UPDATE NEWSLATTER, CLICK HERE!

17 February

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