Data from Royal LePage shows that Toronto and Vancouver saw modest price declines in the first quarter of 2025, while markets in Quebec, the Prairies, and Atlantic Canada saw notable appreciation.
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In less than a month, Canadians will elect a new prime minister. Here's how the two most viable candidates for the job plan to tackle one of the nation's most pressing issues: the housing crisis.
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Why Housing Remains One Of Canada's Biggest Election Issues
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Other cities, such as Vancouver, Edmonton, and Calgary, earned bonuses in the tens of millions for their efforts to spur housing development in their respective communities.
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“The potential infill sites could accommodate an estimated 182,023 units, which was 4.5 times as many units as currently proposed at existing rental sites when including both purpose-built rentals and condos.”
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The weak month isn't a one-off. Sales hit record lows multiple times in 2024, and the GTA closed out the year with the lowest new home sales seen in 40 years.
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Despite constant calls to build, build, build and a recent boom in purpose-built rental projects, the narrative is still the same: Ontario is not building rental units fast enough to meet rising demand.
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Save for Atlantic Canada, where prices are expected to rise 8% this year, Royal LePage says forces like rental regulations and geopolitical uncertainty are expected to tame price growth.
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