Ontario housing market 8% over the past year and goes to pending in around 21 days. All In conclusion, while Ontario’s housing market is projected to recover in 2025, the pace will vary across regions, and the market will remain sensitive to economic and policy developments. 7% from February 2024. All information on this site is copyright® Toronto Regional Real Estate Board. 7% in 2023. 7% less than last month. Nick Hill, a real estate investor and mortgage agent, has a background in business, commercial real estate and startups, working with investors and developers across Canada. We have reached the end of March 2025, and the Durham Region real estate market shows signs of a busy spring market ahead. 1 with a 25 per cent tariff on goods coming from Canada. 5% lower than in March 2024 and 0. Published annually, it helps anticipate emerging trends in new-home and resale housing markets at the national and metropolitan-area levels. . Mar 26, 2025 · According to the latest Ontario housing market data for January 2025, the average home price in Ontario is now $834,050, reflecting a 2% year-over-year increase. Last updated April 1, 2025, 7:55 p. 35% month-over-month. Dec 13, 2023 · Yet another 2024 housing outlook for Ontario and Canada at large has been released, with more experts predicting that the nation's stubborn real estate prices will finally fall, especially for Feb 28, 2024 · This article is the first in Global News’ Spring Housing Buzz series, where we will investigate a number of different areas related to the spring real estate market in Ontario. 04/04/2025. According to the report, gradual declines in lending and stress test rates are creating a more encouraging environment, particularly for Apr 4, 2024 · Canada Mortgage and Housing Corp. Jan 15, 2025 · About the Canadian Real Estate Association. The average home sale price in Ottawa’s housing market increased by 2. Housing Market Outlook. Dec 17, 2024 · Market demand, affordability concerns and local planning policies are driving variability in development. The HMO includes forecasts for important housing market Oct 22, 2024 · Daniel Foch, a real estate broker and analyst, is frequently featured in major media and has advised on over $1BN in real estate transactions, focusing on affordable housing. 5 million new homes in a decade to solve Ontario’s housing crisis, key indicators suggest home construction is Feb 1, 2025 · Market Overview. The year 2024 saw a dynamic shift in the housing market across Canada, with Ontario experiencing a mix of stability and slight declines in property prices. Thomas housing market had 476 sales in the month, representing 19. This report will begin with an overview of activity amongst all buyer segments in Ontario from 2011 to 2023. 1%. President Donald Trump to impose a 25% tariff on all Canadian imports has raised significant concerns about its potential impact on Ontario’s real estate market. housing market in mid-2020, the Riverside-San Bernardino-Ontario housing market became quite frenzied through the first half of 2022, marked by a sharp decline in months of inventory, bidding wars and rising prices. This was up by 4. Feb 14, 2024 · According to the Canadian Real Estate Association, the housing market has seen an uptick in sales activity despite interest rates being at a 22-year high. Gain insights on affordability, supply and other key issues in Canada’s major markets to make informed housing decisions. Before diving into Housing Market Predictions For 2025, let’s review the most recent housing market statistics in Ontario. C. Reuters Housing Forecast Poll. The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry associations, representing more than 160,000 REALTORS® working through 69 real estate boards and associations. Dec 30, 2024 · After a few years of stagnant pricing, the Toronto condo market is poised for a plunge. Dec 5, 2023 · Posthaste: Ontario's housing market is almost as loose as the great 1990s meltdown Market has deteriorated to levels not seen since the financial crisis and it could get worse, says economist Author of the article: MLS® Systems are co-operative marketing systems used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale. Jan 13, 2025 · Filed Under: Housing Market, Real Estate Tagged With: Canada, Housing Market About Marco Santarelli Marco Santarelli is an investor, author, Inc. 5 per cent rise in Ottawa. The median list price of homes in Brockville, ON overall was $503,758 in March 2025, compared to $511,866 in February 2025, trending down by 1. This proposal aligns with OREA’s recommendation to promote and help scale innovative Dec 6, 2024 · Potential Housing Market Crashes in Canada. This was a substantial decrease of 26. The Timmins, Cochrane & Timiskaming Districts Association of REALTORS® is an Association of 120 REALTORS® that provides services to and sets standards for members and offers professional support and a local Multiple Listing Service®. 8% year-over-year to $665,000 in February 2025. 8% since last year. " Jan 15, 2025 · Residential Sales Activity, historical & forecast Residential Sales Activity, historical & forecast OTTAWA, Ontario, Jan. Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 9,776 units in February 2025. In January, the market started slow with only about 7. 1% year-over-year to $617,300 in February 2025. Dec 9, 2024 · Ontario’s real estate market in Q3 2024 revealed varied performance across its residential, rental, and office sectors. ca, the market anticipates modest price increases, driven by a combination of strong population growth and declining mortgage rates. Ontario real estate Aug 9, 2024 · The Ontario real estate market in Q2 2024 showed signs of a slowdown, with decreases in sales and prices and increases in new and active listings. actual 12-month rolling housing starts* 49,473 8,726 St. Jan 15, 2025 · OTTAWA, Ontario, Jan. Catharines-Niagara 3,889 2,200 to 2,700 2,410 4,235 2,567 965 Housing starts forecast range Actual 12-month rolling housing starts The median list price of homes in St. Jan 3, 2024 · Real estate firm Royal LePage is forecasting a six per cent rise in the average home price in the Greater Toronto Area by the end of 2024, and a 4. Factors such as interest rate cuts, economic recovery, immigration levels, and housing inventory will be crucial in shaping the market. More ground to recover in B. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 8% 1-yr. 8% year-over-year to $819,500 in February 2025. RE/MAX Housing Market Outlook. 5 per cent, largely Jan 29, 2025 · Canadian homebuilders are bracing for the impact of a trade war if U. The average South Ontario house price was $725K last month, up 9. Conversations with industry leaders are also showing assignment sales keep growing in the Ontario housing market at the moment, and this is expected to continue as long as interest rates remain elevated. “As Ontario continues to grow and evolve, it’s important to recognize how changing market factors and consumer preferences will impact housing needs,” says Martino. Mar 19, 2025 · Ontario’s housing market is expected to stabilize with modest price increases in 2025. Development charges have increased 327% since 2009 in the GTA—becoming the highest in North America Jan 20, 2023 · Ontario has proven a hotspot in runaway housing prices through the madness of the last decade or so, and that same sustained price acceleration has given the market plenty of altitude to fall from. 7% since last year. Canadian Real Estate Association Quarterly Forecast Nov 16, 2024 · The Ontario real estate market continues to show dynamic shifts as we move deeper into fall. MLS® Systems are co-operative marketing systems used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale. Most recent News News business news stories and video from CP24 Housing Market Outlook (HMO) This publication provides forward-looking analysis of Canada’s housing markets. Department of Housing and Urban Development, Office of Policy Development and Research Executive Summary Housing Market Area Description The Riverside-San Bernardino-Ontario Housing Market Area (hereafter, Riverside HMA) is coterminous with Mar 19, 2025 · Hamilton Market Report Summary. 6 per cent, up from a decline of 0. 3% from last month. Additionally, Variation in real estate prices in major French cities 2016-2019; Among them is the Ontario Home Builders' Association (OHBA), which fears that Trump's "extremely concerning" move could potentially "decimate" the already flailing home market. Popular Posts What $1 Million Gets You Across Canada in 2025 April 3, 2025; Jan 16, 2025 · BMO senior economist Robert Kavcic parses the real estate market and finds Ontario is the problem, “Canada’s housing market was flashing very mixed conditions at the end of 2024. Current Markham MLS® stats indicate an average house price of $1,196,929 and 797 new listings in the last 28 days. These markets can fluctuate independently of the Canadian market as a whole. Years of meteoric growth yielded a measured correction, with average home prices experiencing a 3% decline. Mar 19, 2024 · Assignment Sales Will Continue to Grow Now could be an ideal time to invest in generational wealth in the Ontario housing market. Feb 14, 2025 · Market Overview. Jan 3, 2025 · The Ontario housing market is expected to stabilize in 2025, with modest price growth and increased sales activity. Nov 26, 2024 · Canada’s national average home price will likely increase by five per cent in 2025 and many Ontario cities should expect price boosts, according to a new report. 27%, while the average home price increased by 2. Accompanying this surge is a notable 139% increase in listings and a significant 75% uptick in unit sales. Here's what you should know about the current trends and what to expect: “The year 2024 marked a significant improvement for the Ontario housing market compared to 2023. 96K total new listings. A sub-market can outperform (or underperform) the region but the saying "a rising tide floats all ships" applies to real estate too. Comprehensive Housing Market Analysis Riverside-San Bernardino-Ontario, California U. According to recent data: Average Home Price in Ontario: – In December 2024, the average home price in Ontario was $834,123, marking a 2. Our forecast inputs: CMHC Housing Outlook. Jul 23, 2024 · Canada’s interest-rate cut — the first among Group of Seven economies — has jump-started the country’s housing market. Sep 24, 2024 · In Ontario, the housing market is expected to recover with annual average existing home prices rising 4. Ontario, CA Housing Market $678,396 3. The Ontario real estate market in 2025 will be characterized by continued urban growth, a shift towards suburban and rural living, and a focus on affordability and sustainability. Strong population growth, especially in cities like Toronto, Ottawa, Mississauga and Hamilton, will keep demand high. ; The average selling price of a single-family home in London increased by 6. Nov 26, 2024 · Despite little public faith that Canada's housing market is going to suddenly recuperate following How RE/MAX predicts home prices and real estate sales volumes across Ontario to change from Ontario Housing Market is a website covering everything related to real estate in Ontario. The average selling price of a home in Hamilton increased by 0. While a predicted housing market crash in Canada is unlikely, each province has its own housing market. Ontario recorded 9,776 sales in February 2025, up 9. Limited housing supply and declining mortgage rates are key factors that may drive price recovery, particularly in urban and suburban markets. 9% lower sales than in February 2024 and 28. The Ontario housing market in 2025 is characterized by a stabilization phase post the tumult of previous years. Jan 8, 2025 · REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM for news, analysis, and commentary on Canadian real estate. is forecasting that real estate prices could match peak levels seen in early 2022 by next year and reach new highs by 2026. The average Ontario house price was $660K last month, up 2. 7% from January's $834,050 but down 2. 3% higher than last February and 0. 3% year-over-year decrease. The rental market exhibited notable variations in rent trends. 1 per cent, and sales will jump by 12. 8% higher than the average 10-year new listings during February. Jan 15, 2024 · The increases will be bigger in the East Coast provinces and Alberta, but prices will remain relatively flat in Ontario and B. Thomas, ON overall was $637,444 in February 2025, compared to $606,641 in January 2025, trending up by 5. Zolo's real estate market trends gives you an up-to-date look at the Toronto housing market. 4 days ago · Hamilton’s housing market has been a relatively affordable alternative to other markets in Ontario, such as the Toronto housing market, Mississauga housing market, and Brampton housing market, within close proximity of Toronto. ; The composite benchmark price of a home in Ottawa was $658,300, increasing by 4. Full Report Archive Quick Overview Charts. 58% month-over-month. This shift was primarily driven by rising interest rates, which subdued buyer activity and resulted in an 8% decrease in sales volume. 8% higher than in February 2025, while listings are up significantly year-over-year. 6% below the 10-year average for the month of February. Ontario Housing Market is a website covering everything related to real estate in Ontario Popular Posts Canada’s Top 10 Trending Cities for Renters in 2025: Where Apartment Hunters Are Looking March 19, 2025 6 days ago · Durham Region Real Estate Daily Market Update. Mar 11, 2025 · Ontario housing market. In the first half of 2024, sales of newly built condos fell by 57 per cent year over year—the biggest Please consult a licensed real estate professional before making a real estate investment decision. Staying informed about local trends and consulting with experts can help buyers, sellers, and investors navigate this evolving landscape effectively. Home sales were 37. Fitch Ratings Global Housing Forecast. Incorporated over 80 years ago as a not-for-profit organization, the Kingston & Area Real Estate Association (KAREA) represents over 650 real estate professionals who are also members of The Canadian Real Estate Association (CREA) and the Ontario Real Estate Association (OREA ). 4 per cent anticipated in 2024. However, as we approach 2025, questions remain about whether housing prices will rise again—or if the market will continue to experience slower growth. 6% higher than in January 2025. The South Ontario, Ontario, CA housing market is somewhat competitive, scoring 60 out of 100. 9% year-over-year. Mar 26, 2025 · Of note, the GTA condo market is particularly soft, which will weigh on prices in Ontario this year. 3% since January. Under this scenario, the national index would remain below its 2022 peak throughout the two-year projection horizon. 2% below the five-year average and 35. 2% since last year. Jan 2, 2023 · Where Ontario's housing market is headed in 2023. The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 159 units in January 2025. m. 9% year-over-year and remained unchanged month-over-month at $669,945 in; February 2025. ’s 2024 Housing Market Outlook predicts that while sales fell by a third and prices dropped 15 per cent during the slowdown of the past few years, the period has set the stage for a resurgence. 6% (seven sales) from January 2024. According to recent reports from Nesto. Multi-property owners have significantly increased their representation to almost a quarter of the market in recent years, accounting for 25. BOARD & ASSOCIATION INFORMATION. Buyers and sellers are striking more deals, pushing the benchmark Mar 24, 2025 · The demand for real estate has skyrocketed, and to combat this issue, industry and government have been focused on increasing the supply of housing in Ontario. 2% year-over-year to $894,100 in February 2025. 5000 entrepreneur, and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow investment property. Following a series of back-to-back rate cuts, the average home prices in Ontario have been experiencing steady upward momentum. As Ontario is a major player in Canada’s economy, understanding the multifaceted effects of these tariffs is crucial for stakeholders in the real Apr 12, 2023 · Similar to the overall U. 0% since last year. Let’s take a look at some of these markets and if there’s a predicted housing market crash in the following provinces There are 317 homes for sale in Ontario, San Bernardino County with a median price of $670,666, which is an increase of +5. You understand and agree that your use of the information available on the Housing Market Information Portal will be governed by, and, you will be bound by, the CMHC Licence Agreement for the Use of Data, and in particular, you agree that you may not hold CMHC liable for any consequences that arise if you choose to rely on this information and The Ontario Ranch, Ontario, CA housing market is somewhat competitive, scoring 61 out of 100. Toronto Housing Market Report 2024 was a slow year again for Toronto Realtors, sometimes agonizingly so, yet sales did increase by 2. The average Ontario, CA home value is $678,396, up 3. In this analysis, we’ll dive into the latest Ontario housing market update, highlight regional growth hot spots like the We always recommend buyers and sellers watch both the local market and the regional Metro Toronto Report. 363 home sales in the Waterloo Region in February 2025 were 26% lower than last February and 39% lower than the 10-year average for this month of the year. By the start of 2023, although the Inland Empire housing market had softened from its most recent Zolo's real estate market trends gives you an up-to-date look at the Richmond Hill housing market. 4 days ago · The average home price in the Greater Toronto Area (GTA) housing market in March 2025 was $1,093,254, 2. 6% vs 2023. Furthermore, there was a decline in construction activity. As of today, Markham housing data shows median days on market for a home is 20 days. The Ontario, CA housing market is somewhat competitive, scoring 65 out of 100. 7% year-over-year. 15, 2025 (GLOBE NEWSWIRE) -- The Canadian Real Estate Association (CREA Jan 15, 2025 · Some Canadian real estate watchers are expecting borrowing costs to hit their floor at the same time sellers flood the spring market with listings, unleashing a flood of activity in many housing Jan 30, 2025 · The recent announcement by U. CREA works on behalf of more than 160,000 REALTORS® who contribute to the economic and social well-being of communities across Canada. Together they advocate for property owners, buyers and sellers. Board & Association Information. This report's home price data examines sales history between March 06 - April 03 and includes percent changes from the same 28-day period in 2024. Due to many homebuyers competing to buy a home in Hamilton during the pandemic, the average house price in the The Toronto real estate market is experiencing a dynamic shift, presenting a nuanced picture for potential buyers and sellers. On the other hand, 1,026 new listings came onto the market in February 2025, just two more listings than the new listings in February 2024 and 5. We've made real estate data like average house prices, housing inventory, and days on market readily available to you. Get real estate facts on average house price, housing inventory, and average days on market. Apr 4, 2024 · The Canada Mortgage and Housing Corp. Royal LePage House Price Forecast. 15, 2025 (GLOBE NEWSWIRE) -- The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity and market turnaround having a greater impact in 2025 with the HPI fore-casted to rise 3. Ontario's real estate market underwent a significant recalibration in 2023. Nov 29, 2024 · Ontario’s real estate market has long been a fast-paced market, with soaring prices over the past decade driven by immigration, low interest rates, and limited housing supply. REM is independently owned and operated, and is not affiliated with any real estate association or board. The number of housing units sold in Ontario is projected to rise until 2025. 94% compared to March 2024. Meanwhile, the average price of resale homes continued to rise. Ontario and BC are the most expensive provinces in Canada to buy a house. The home price data we report is consistently refreshed, with the most recent coverage between March 05 - April 02. 7% month-over-month but down 26. The price of buying a home in Ontario dropped from its lofty heights over the past year, and the question for 2023 is whether the downward trend We've written a comprehensive report explaining the uncertainty level in the Canadian real estate market. With factors like inflation and interest rates at more favourable benchmarks, the Ontario housing market in 2025 is poised for even greater promise. While Ontario London and St. Feb 19, 2025 · Explore the future of Canada’s housing market based on the latest trends and indicators on new homes, resales and rentals. and Ontario The housing market situation varies considerably across the country and Three distinct phases hit Ontario’s housing market in 2023, all influenced by changes in the interest rates. With cooling inflation, lower interest rates, and steady demand, February could see continued price stabilisation and growth. ; The average selling price of a single-family home in Hamilton increased by 2. Jan 3, 2025 · A stronger second half of the year, spurred by dropping interest rates, helped boost London’s housing market, which ended 2024 with more than 8,000 homes sold for the first time in three years Nov 26, 2024 · Re/Max Canada’s 2025 housing market outlook report predicts that Toronto prices will remain essentially flat, with an increase of just 0. Calgary and most markets in Ontario 2024 housing starts forecast range vs. " Residential sales dropped by 22. Mar 19, 2025 · London Market Report Summary. Despite ongoing economic uncertainty and a high cost of living, RE/MAX Canada has released an optimistic forecast for Ontario’s real estate market in 2025. The average Ontario Ranch house price was $828K last month, up 29. Dec 11, 2024 · A Positive Outlook for Ontario’s Housing Market. Oct 15, 2024 · Ontario home sales are expected to jump by almost 10 per cent in 2025 due to pent up demand from buyers waiting for more interest rate cuts, potentially leading to “much stronger” momentum 3 days ago · Housing Market Charts. Mar 10, 2025 · Filed Under: Growth Markets, Housing Market, Real Estate Market Tagged With: Ontario Housing Market, Ontario Housing Market Forecast, Ontario Housing Prices About Marco Santarelli Marco Santarelli is an investor, author, Inc. Current Housing Market Overview in Ontario. Feb 20, 2025 · Ontario’s housing market has been characterized by extremes in recent years, and some new data paints perhaps the clearest picture yet of how the market has shifted. While detached homes in Metro Toronto remain a seller's market, granting sellers a degree of negotiating leverage, a substantial influx of inventory is undeniably altering the playing field. Technological advancements will further transform the market, making it more accessible and efficient. Dec 5, 2024 · We will also take a close look at the current real estate landscape, including key market statistics, which will help you make informed decisions about your homebuying journey. A sub-market can't trend differently from the region for very long. 858 new listings are 7. 5000 entrepreneur, and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow The Ontario housing market has been on an upward trajectory in the last four months, with the average home price surging by 9%, marking an approximate monthly increase of 2. The incumbent Progressive Conservative Party of Ontario’s (PC) proposal to encourage modular housing by creating housing innovation guides to help consumers navigate building processes and financing options will help bring more housing supply to market. On Wednesday, Teranet hosted its annual Market Insights Forum in Toronto to share its latest findings. Ontario's housing market had an average home price of $848,289 in February 2025, up 1. Welcome to the Housing Market Outlook (HMO) This publication provides forward-looking analysis of Canada’s housing markets. 4% compared to February 2024 and by 1. S. Durham Region Real Estate Market Report - monthly. President Donald Trump pulls the trigger on Feb. The average selling price of a home in London increased by 7. Six founding partners jointly developed it: the real estate boards of Calgary, Fraser Valley, Greater Montreal, Greater Vancouver, and Toronto and the Canadian Real Estate Association. , says the Canadian Real Estate Association. It was a year of the fear of higher for longer interest rates and rising long-term bond yields which gaves little hope for homebuyers hoping to buy a property in one The Ontario housing market is entering a phase of cautious optimism. 81K total residential transactions and 17. Elsewhere, 2025 quarterly price growth forecasts have been marked down to sub-trend levels in other parts of the country. It was a stabilisation period, and I firmly believe the market is now in a much stronger position. 08% month-over-month. for important housing market variables such as starts, prices and There’s no better tool to determine price trends in the housing market. 2% of all property transactions at its peak in 2022 before settling down to 23. The median list price of homes in St. However, external factors such as trade policies and economic shifts will continue to influence the market in the months ahead. A more active real estate market Jul 29, 2024 · Two years and multiple housing laws since the Ford government promised to build 1. See more real estate market trends for Ontario. Catharines, ON overall was $655,990 in February 2025, compared to $653,685 in January 2025, trending up by 0. Apr 18, 2024 · The Ontario housing market in March 2024 showed some subtle shifts, with moderate declines in monthly home sales and a rise in new and active residential listings, resulting in a growing inventory. Dec 12, 2024 · In their 2025 Housing Market Outlook Report, RE/MAX Canada reported that their brokers and agents in 81% of regions surveyed noted that "first-time homebuyers were the key demographic anticipated to drive market activity in 2025. The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry associations. Residential sales and active listings rose, while prices fell slightly. The HMO includes forecasts . uopstb xsj artns khcbp oqiy fwqlp iobj gqx kjn czs qzyp loccg wgjmr rfubp ivavr