Canadian Housing Market Shows Signs of Recovery but Growth Remains Cautious
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The Canadian real estate market in mid-2025 shows signs of modest recovery, with a slight increase in sales and price stabilization, but it hasn’t returned to strong growth. The national sales-to-new-listings ratio has risen to 50.1% from 47.3% in May, reflecting a move toward a more balanced market. Inventory remains steady, with around 206,435 properties listed nationwide, about 1% below the long-term seasonal average.
Market conditions vary widely by region. Alberta and Manitoba are experiencing seller’s markets, with low months of inventory at 2.7 and 1.8 months respectively, indicating demand is outstripping supply. In contrast, British Columbia has a buyers’ market with 6.5 months of inventory, giving buyers more leverage. Ontario also leans towards a buyer’s market, with a sales-to-new-listings ratio of 38%, indicating plenty of available listings and less competition among buyers.
National home prices have remained largely flat, with the MLS Home Price Index dipping just 0.2% from May to June. However, price trends differ by province: Saskatchewan, Manitoba, and Newfoundland have seen year-over-year gains between 8 to 12 percent, while Ontario and British Columbia have experienced declines of about 4 percent. Overall, while the market shows signs of waking up, a robust rebound is still elusive.
Read the full article on: REAL ESTATE MAGAZINE
