Canadian Housing

Home sales declined 1.7% from August—marking the first monthly decline since April.

Early September data reveals a mixed picture underscoring diverging regional dynamics shaping the national landscape.

We expect further easing in ownership costs, but see the effect of earlier interest rate cuts fading.

It will take a sharp fall in inventory to get new condo presentation centres busy again.

Key trends we’ve been tracking in the housing market were on full display in August.

There was further evidence of a recovery is taking hold in August, but local price trends still varied considerably.

High development and building costs in Ontario, and substantial inventory are weighing on the initiation of new projects.

Home resales picked up again in July and balanced market conditions have emerged in more areas.

We expect this gradual recovery to continue in the second half of 2025, setting the stage for stronger demand in 2026.

Home sales momentum is rebuilding in several markets as earlier fears of economic doom fade.

The housing market showed further signs of recovery in June with home resales picking up for a third straight month.

More prospective homebuyers make their way back to housing markets as some trade war fog dissipates—but it’s far from a stampede.