Canadian Housing Market Update: May 2025

In April 2025, Canada's housing market showed stability despite a nearly 10% year-over-year drop in home sales, with affordable regions like PEI and Newfoundland seeing sales increases, while pricier markets such as Ontario and Vancouver experienced declines. Home prices remained steady overall, with notable price drops in expensive markets and gains in Victoria and Montreal, highlighting that affordability drives buyer activity more than economic anxiety.

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