Special Housing Reports

he chills the U.S. trade war has sent through participants in the housing market are getting frostier.

Any signs of market optimism that emerged in January (mostly from sellers) quickly vanished in February as concerns about the economic consequences of a trade war with the U.S. sent chills through participants.

The significant risk that tariffs pose to Canada’s economy casts a potentially dark shadow over the housing market.

Early reports from local real estate boards showed a surge in new listings in January in several major markets led by Vancouver, Calgary, Toronto, and Montreal.

The fall’s strong market rally lost a lot of steam in some of Canada’s major housing markets as resale transactions fell markedly in Calgary and Toronto between November and December, according to local real estate boards.

Canada’s rental market eased slightly in 2024 after a year of unprecedented tightness, but affordability challenges persist.

Most major areas reported rises in resales and prices from October, adding to gains realized the previous month.

Interest rate cuts are finally boosting housing market activity in a visible way across Canada.

The influx is continuing to build inventory—which is still hovering near the equivalent of four months of supply.

Early reports on August home sales showed only small increases in most markets including Vancouver, Calgary, Edmonton, Toronto and Montreal.

After a small uptick between May and June, home resales fell again in some markets including Vancouver, Calgary and Toronto.

Transactions increased across the board with more buyers coming to the housing market. But buying was far from enough to absorb the new inventory that’s been accumulating for months.