Real Estate Market in Summer 2025: A Look at the Current Trends

As we head into the second half of 2025, the real estate market continues to shift, creating a more balanced environment for buyers and sellers. Here's a quick look at what's happening.

Prices and Sales

Home prices are seeing a slight decrease nationally, but the market is highly regional. In some of the most expensive provinces like Ontario and British Columbia, prices are seeing larger declines. In more affordable regions such as the Prairies and Atlantic Canada, prices remain more stable or are even rising. Sales have also been down as many are taking a "wait-and-see" approach.

Interest Rates

Interest rates have been a major influence. While the Bank of Canada has made some rate cuts this year, overall mortgage rates haven't dropped significantly. This has led many prospective buyers to hold off on purchasing, waiting for more favorable borrowing conditions.

What This Means for You

For Buyers: This could be an opportunity. With more homes on the market and less competition, you may have more options and negotiating power.

For Sellers: You may need to adjust your expectations. Pricing your home competitively and making sure it's in top condition is crucial to standing out.

For Everyone: The market is always changing. Staying informed about local trends is key to making a sound decision.