Home Resales Drop in 2025 as Economic Uncertainty Bites
- TSL Team
- Aug 13
- 1 min read
Canada’s housing market is cooling. RBC’s latest forecast shows home resales down 3.5% nationwide this year to about 467,000 units, with B.C. and Ontario hit hardest.
In B.C., sales are expected to fall 4.6% in 2025. Hopes for a rebound from interest rate cuts were dampened by an escalating U.S.-Canada trade war, which has slowed buyer confidence.
2026 Outlook
RBC predicts a 7.9% national rebound next year, with B.C. up 10.8%—potentially creating more of a buyer’s market. But prices won’t surge: the average B.C. home price will dip slightly in 2025 to $1.16M and stay flat in 2026.
Across Canada
Prairies, Quebec, and Atlantic Canada may hold steady or see small gains.
Ontario’s high inventory will likely keep prices under pressure into early 2026.
Bottom line: The market is in a reset phase. Some relief may come in 2026, but the boom days aren’t back yet.
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