🏡 What’s Happening With Home Prices Right Now 📉📈

This year’s housing market has been a story of shifting expectations. At the start of 2025, prices showed modest year-over-year growth. It wasn’t a surge, but it was enough to suggest stability. Then, as we moved into the spring, sales slowed, inventory built up, and average prices slipped below 2024 levels.

What this tells me is that interest rate cuts alone aren’t the whole story. The Bank of Canada has eased borrowing costs, but consumer confidence has remained cautious. Buyers are weighing economic uncertainty just as heavily as mortgage rates, and that hesitation has shaped the market over the past few months.

That said, the fundamentals haven’t changed. Demand is still there. People want to buy homes, but many are waiting for the right signal to step in. With more rate cuts expected and supply still limited in many markets, conditions are in place for stability—and potentially rice growth—later this year.

And this is why I think now is a smart time to enter the market. Prices have softened compared to last year, rates are starting to come down, and competition hasn’t yet returned in full force. For qualified buyers, this moment offers a window to secure a home at a more manageable cost before confidence fully rebounds and demand picks up again.

I don’t see a repeat of 2022’s runaway market, but I do see opportunity for a stronger fall and a more balanced path forward. Housing in Canada has proven resilient time and again, and 2025 is no different. The short-term numbers may fluctuate, but long-term fundamentals continue to point upward.

And this is why I think now is a smart time to enter the market. Prices have softened compared to last year, rates are starting to come down, and competition hasn’t yet returned in full force. For qualified buyers, this moment offers a window to secure a home at a more manageable cost before confidence fully rebounds and demand picks up again.

If you’re considering making a move, let’s talk about your options and how to position yourself for success. 📞 Contact Subodh Sharma at Skill Realty Inc., Brokerage – (416) 675-6300 – and let’s find the right opportunity for you.