Across much of the country, rising inventory levels combined with easing borrowing costs are helping shift many real estate markets into a more balanced state. This is creating improved conditions for buyers, who are benefiting from more choice and better affordability than in recent years. However, not all buyers are ready to step back into the market. With some demand still sitting on the sidelines – whether due to lingering economic uncertainty, affordability concerns, or expectations of further rate cuts – most major cities have yet to experience a meaningful boost in buyer activity.
According to the Royal LePage® House Price Survey and Market Forecast released today, the aggregate price of a home in Canada recorded virtually no change in the third quarter of 2025, increasing just 0.1% year over year to $816,500. However, on a quarter-over-quarter basis, the national aggregate home price posted a decline of 1.2%, driven by depreciation in many major markets across the country over the summer.
You’ll find more at Q3 2025 Market Forecast. For local market information, please contact a REALTOR® in your area.
