Canada’s Housing Market in 2025: What Home Sellers Need to Know

Spring is usually a busy time for buying and selling homes in Canada. But this year, the market is acting a little differently depending on where you live.

According to a recent report from Royal LePage, home prices across the country rose slightly in early 2025. The average price of a home in Canada is now about $829,400, which is 2.1% higher than last year.

But not all areas are seeing the same trend.

Some Markets Are Slower

In Toronto and Vancouver, prices actually went down. These are two of the most expensive places to live in Canada, and people seem to be more cautious right now.

One reason? A lot of Canadians are feeling unsure about the economy. With trade troubles between Canada and the U.S., many people are holding off on big decisions—like buying a home.

Other Markets Are Picking Up

In places like Quebec, the Prairies, and Atlantic Canada, home prices are still going up. In fact, Quebec City saw the biggest jump, with prices rising 17% compared to last year!

Buyers in these areas are more confident, and because there aren’t many homes for sale, prices are being pushed higher.

What Does This Mean for Home Sellers?

If you’re thinking of selling your home, here are a few key takeaways:

1. Your local market matters. Some areas are hot, while others are slower. A real estate expert can help you understand what’s happening in your neighbourhood.

2. Buyers are cautious—but still interested. Even with some uncertainty, people are still buying homes. Many buyers are taking advantage of stable prices, more listings, and lower interest rates.

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Confidence in Canada Is Mixed

A recent survey found that:

• 65% of Quebecers feel good about the economy.

• But in places like Manitoba and Saskatchewan, only 34% feel confident.

• In Fort McMurray, Alberta, 75% of people said they are not confident in the economy at all.

Still, experts say Canada’s economy is strong and has handled tough times before. The housing market continues to be one of the most stable parts of the economy.