The Canadian housing market experienced a noticeable cooldown in October, with fewer homes changing hands compared to the same period last year, according to the latest data from the Canadian Real Estate Association (CREA).
Market Performance in October 2025
The Canadian Real Estate Association reported on November 17, 2025, that the number of residential property sales recorded in October was lower than the figures from October of the previous year. This decline in market activity was accompanied by a year-over-year decrease in home prices, indicating a period of adjustment for the national real estate sector.
Analysis and Future Outlook
While the current data points to a softening market, industry observers are looking beyond the immediate dip. The association's report suggests that this is a temporary phase in the market cycle. Despite the current slowdown, increased activity is anticipated for the year 2026, signaling a potential rebound for buyers and sellers.
The dip in both sales volume and price points reflects broader economic conditions and buyer sentiment. However, the projected uptick in 2026 offers a glimpse of a more dynamic market on the horizon, providing a strategic outlook for potential investors and homeowners.
