The outlook for the Canadian housing market in late 2025 and into 2026 is marked by significant regional variation, with some provinces experiencing stability or gains, while others face price pressures and slowdowns driven by high inventories, affordability challenges, and shifting demand. Residential real estate is looking more alive, at least for the time being.

Despite an uncertain economic outlook, homebuying fundamentals have shown clear improvement in some areas.

Below is a breakdown by key regions:

Ontario (including Toronto)

Ontario, especially the Greater Toronto Area (GTA), remains weighed down by an abundance of listings, particularly in the condo sector. Toronto remains the epicentre for price fragility, thanks in part to a condo…

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Vancouver, BC – November 3, 2025. November is Radon Action Month, and the BC Real Estate Association (BCREA), BC Lung Foundation, and Real Estate Foundation of BC are teaming up to urge the public to test their homes for radon gas.


Despite a traditionally low level of public awareness, radon is a threat to homeowners and their families across British Columbia. Exposure to the colourless, odourless radioactive gas is the second-highest cause of lung cancer in Canadians after smoking, estimated to cause over 3,000 lung cancer deaths in the country each year.


Running for the second straight year, this joint public awareness campaign aims to direct British Columbians to a landing page, RadonKills.ca/BC, where they can find crucial information about…

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October brings welcome boost to Fraser Valley, but sales still lag seasonal averages

SURREY, BC- Fraser Valley home sales climbed for the second straight month in October, a sign that some buyers may be responding to steadily easing prices.
The Fraser Valley Real Estate Board recorded 1,123 sales on its Multiple Listing Service® (MLS®) in October, a 17 per cent increase from September, but 16 per cent below sales from the same month last year.
After a short-lived rise in September, new listings slowed in October, down 14 per cent month-over-month and seven per cent year-over-year, to 2,967. Overall inventory remains well above seasonal norms for the
Fraser Valley, with 10,121 active listings, down four per cent from September but up 15 per cent…

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Slow sales and high inventory give buyers the edge in
October

VANCOUVER, B.C. - November 4, 2025 - Home soles registered on the MLS& in Metro
Vancouver* were 14 per cent lower than last October, as the trend of slower sales and
building inventory creates favourable conditions for those looking to buy in the fall market.

The Greater Vancouver REALTORS& (GVR) reports that residential sales in the region totalled
2,255 in October 2025, a 14.3 per cent decrease from the 2,632 sales recorded in October
2024. This was 14.5 per cent below the 10 year seasonal average (2,638).

"October is typically the last month of the year where sales activity sees a seasonal uptick,
but sales still fell short of last year's figures and the ten year seasonal average," soid…

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Vancouver and broader British Columbia have some of Canada’s most restrictive rules on foreign homeownership. For many international investors and new immigrants, the prospect of buying real estate here involves understanding federal bans, provincial taxes, and municipal vacancy charges. Key regulations include B.C.’s Bill 28 (2016) measures and recent federal laws. In short: most non-Canadians cannot directly buy homes in Canada until 2027, and those who can must pay hefty taxes. This guide explains the foreign buyer tax BC, Vancouver property ownership restrictions, and related laws in clear terms.

Foreign Buyer Tax and Bill 28 (B.C. 2016)

British Columbia’s Foreign Buyer Tax was first introduced by Bill 28 (the Miscellaneous Statutes (Housing…

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The Bank of Canada lowered its overnight policy rate by 25 basis points this morning from 2.5% to 2.25%.  In the statement accompanying the decision, the Bank noted that GDP growth is expected to be weak over the second half of 2025 but will get some support from rising consumer and government spending as well as residential investment. However, the labour market remains soft with unemployment at 7.1%. The Bank expects the Canadian economy to expand by 1.2% this year, followed by similarly weak growth of 1.1% in 2026 before picking up slightly to 1.7% in 2027.  On inflation, the Bank sees underlying inflation steady at around 2.5% and expects inflationary pressures to ease in the months ahead. Finally, the Bank provides some forward-looking guidance on…

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