Over the past few years, the Canadian housing market has faced unprecedented challenges, from the effects of a global pandemic to surging interest rates and economic uncertainty. These disruptions have created atypical trends, pushing the real estate market far from its usual trajectory. However, as 2025 unfolds, the outlook appears brighter, with conditions expected to align more closely with historical norms.
Royal LePage’s Market Survey Forecast projects a 6.0% year-over-year rise in the aggregate home price to $856,692 by Q4 2025. Single-family detached homes are anticipated to see a 7.0% price increase to $900,833, while condominiums are forecasted to rise by 3.5% to $605,993, signaling a more balanced and stable market ahead.