Those in Lethbridge’s real estate sector are expecting anther busy year, with both home sales and starts expected to rise in 2025.
In 2024, there wre nearly 2,00 transactions completed, a seven per cent increase from the previous year.
“I think we’re going to surpass that in 2025 with the new interest rates,” said Cathy Maxwell, CEO of the Lethbridge and District Association of Realtors.
Despite more homes being sold, the inventory remained steady in 2024 compared to 2023, with Maxwell calling the market in Lethbridge “tight.”
“I think we’re going to see a quick market, and that’s not necessarily good for buyers because that’s a little bit unnerving to look at a home right now and be able to make a decision right now to be able to buy it.”
In 2024, the average home price in Lethbridge was $392,000.
Maxwell attributes the increase in home sales to what …