Royal LePage downgrades year-end price forecast
Canada’s housing market had a slow start in 2025, and while the pace of sales is picking up, prices are likely to “tread water” for the foreseeable future, says Royal LePage CEO Phil Soper.
The aggregate price of a home in Canada recorded virtually no change in the third quarter of 2025, increasing just 0.1 per cent year-over-year to $816,500. Reflecting price declines primarily in Toronto and Vancouver, Royal LePage lowered its national year-end forecast.
“Canada’s housing market is shifting toward balance, as easing prices, rising listings and renewed rate cuts improve affordability across most regions…with confidence returning and further rate reductions expected into early 2026, we anticipate noticeably stronger activity by the spring.”
Full Read:
- https://realestatemagazine.ca/buyers-grab-the-reins-royal-lepage-downgrades-year-end-price-forecast/