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Canada’s 2025 Housing Market Recap
These are the winners and losers for 2025. Here's where prices broke, held and quietely took off.
Today, we’re recapping the year in Canadian real estate
🏘️ Home Prices Across Canada One Year Later
🌎 How Canada’s Market Performed Compared to Other G7 Nations
💸 The Best Markets for Buyers in 2026
📉 Interest Rate Moves
💬 The Stories That Got Everyone Talking This Year
Read Time: 5 minutes
🏘️ Home Prices Across Canada One Year Later
The 411: Housing markets across Canada moved in very different directions in 2025. Ontario and British Columbia recorded the largest price declines, reflecting weaker demand and rising inventory, while Quebec, the Prairies, and Atlantic Canada posted gains, led by Newfoundland and Labrador.
Alberta and Manitoba remained relatively stable, highlighting a year of regional divergence rather than a national trend.
Province | Benchmark Price | Dollar Change | % Change |
Ontario | $777,800 | -$52,400 | -6.30% |
B.C | $929,800 | -$24,200 | -2.50% |
PEI | $366,600 | -$9,200 | -2.40% |
Alberta | $507,000 | -$1,600 | -0.30% |
Manitoba | $408,500 | $10,500 | 2.60% |
Quebec | $535,200 | $23,200 | 4.50% |
New Brunswick | $335,100 | $15,100 | 4.70% |
Nova Scotia | $432,600 | $19,600 | 4.70% |
Saskatchewan | $362,700 | $19,500 | 5.70% |
Newfoundland | $337,000 | $29,500 | 9.60% |
Benchmarks reflect MLS HPI provincial composites; Jan vs Oct 2025.
🌎 How Canada’s Market Performed Compared to Other G7 Nations
The 411: Data from BIS shows Canada posted one of the sharpest real housing price declines among advanced economies in 2025. That compares with modest gains in Europe and relative stability elsewhere. Globally, real house prices fell 0.8%, but advanced economies averaged a 0.6% increase
