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Canada's Housing Market Sees First Sales Surge in Six Months

6/17/2025

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Summary

Story summary

Canada's housing market is finally showing glimmers of hope, with a 3.6% surge in sales from April—the first increase in half a year. Yet, the year-over-year picture remains bleak, with sales down 4.3%. New listings are up 3.1%, but prices still lag 3.5% behind last year, as economic uncertainty weighs heavily on buyer confidence.

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Story summary

Canada's housing market is finally showing glimmers of hope, with a 3.6% surge in sales from April—the first increase in half a year. Yet, the year-over-year picture remains bleak, with sales down 4.3%. New listings are up 3.1%, but prices still lag 3.5% behind last year, as economic uncertainty weighs heavily on buyer confidence.