Back to Work and Power of Sale, What you need to know.

The Canadian housing market is in a state of transition. With power of sale properties on the rise, mortgage renewals creating financial pressure, and government mandates forcing employees back to the office, buyers and homeowners are facing one of the most complex real estate landscapes we’ve seen in years.

In a recent market discussion, industry experts broke down the key trends shaping real estate in 2025 and what they mean for you.

Power of Sale Properties Are Increasing

One of the most talked-about topics right now is the steady increase in power of sale properties. These occur when homeowners fall behind on mortgage payments and lenders take the property to market.

While power of sales still represent a small portion of the overall market in Canada, the growth trend is undeniable. A majority of these filings are being driven by private lenders, an indicator that many borrowers who stretched themselves during the pandemic boom are now struggling to keep up as interest rates rise.

For buyers, this can create opportunities to enter the market. For sellers, it signals the importance of pricing homes correctly to avoid sitting on the market too long.

How Many Showings Does It Take to Sell a Home?

In markets like York Region, sellers are finding that it takes more showings than ever before to secure an offer. In some cases, homes are averaging over 30 showings before a sale.

This means two things:

1. Buyers have more options and are taking their time.

2. Sellers need strong marketing and realistic pricing to stand out in a competitive environment.

Doug Ford and the Return-to-Office Push

One of the biggest wildcards for 2025 is the impact of government and corporate return-to-office mandates. Premier Doug Ford has made it clear he wants Ontario public sector employees back in the office, pushing for four to five days a week on-site.

For years, many Canadians moved outside of major city centres, purchasing larger homes with the flexibility of remote work. Now, with Ford’s directive combined with similar mandates from big banks and private companies, the lifestyle trade-offs are becoming clear.

For some, this means facing commutes of two hours each way, a major shift from the work-from-home lifestyle adopted during the pandemic. Over time, this could push some families to sell their suburban or rural homes and return closer to the city.

Mortgage Renewals and Financial Planning

Another pressing issue is the wave of mortgage renewals. Many homeowners who purchased in 2020 or 2021 are now facing renewal at significantly higher interest rates.

For those worried about affordability, strategies like setting up a home equity line of credit (HELOC) or restructuring existing debt can provide flexibility and peace of mind. But the reality is clear: higher rates are creating financial strain, and not every household will weather the transition smoothly.

What This Means for Buyers and Sellers

• For buyers: The market offers more choice, but competition still exists for well-priced homes. Be prepared for multiple offers on desirable properties.

• For sellers: Expect more showings before receiving an offer, and work closely with your agent to ensure your property is priced in line with current market expectations.

• For homeowners facing renewal: Don’t wait until the last minute, review your options early and ask the right questions when your renewal letter arrives.

Final Thoughts

The Canadian housing market in 2025 is shaped by a combination of economic pressures, lending realities, and lifestyle changes tied to the return-to-office shift. With Doug Ford pushing workers back into offices, the ripple effects on commuting, housing demand, and lifestyle choices are undeniable. At the same time, power of sale properties are climbing, buyers are cautious, and mortgage renewals are forcing tough decisions.

The good news? With the right information and planning, both buyers and sellers can navigate these changes successfully.