Chrystia Freeland Resigns Amid Canada's Housing Woes

The Canadian real estate market is anticipated to be a 'mixed market' in 2025, continuing affordability challenges. Inflation and the cost of living remain major concerns, with the resignation of Deputy Prime Minister Chrystia Freeland contributing to political instability and potential early elections. In Manitoba, the return of the Gas Tax is projected to make life more expensive in 2025. Meanwhile, the U.S. housing market in 2024 experienced high mortgage rates and low inventory, with home prices rising by 4-5% despite subdued demand. Major U.S. cities like Anaheim, California, saw a 12.5% growth in home prices due to limited housing and high demand.