Canada’s Housing Market Just Flipped: And No One Saw It Coming

The Flow: Real Estate and Money Show · Nov 25, 2025 · 15m

Canadian home prices rose 0.2% in October: the first increase after eight months of declines, signaling a possible slowdown in the market’s freefall, though not a rebound. Regional markets are moving in opposite directions, with Quebec, Atlantic Canada, and the Prairies staying hot while Toronto and Vancouver remain extremely weak with rising inventory and frozen buyer psychology. Despite improved affordability from lower rates, price softness, and rising incomes, major wildcards like tariffs, population stagnation, and upcoming mortgage renewals could quickly reverse any stabilization.