Canada’s Housing Market Shows Resilience Amid June Challenges

Canada's housing recovery showed mixed results in June, with home resales declining in five major markets but gains in Toronto and Vancouver. Toronto's home prices stabilized for the first time since January 2025, though still below last year's levels. Vancouver saw resale increases but year-over-year price drops. Calgary experienced tighter supply and slower price declines, while Montreal faced resale drops amid affordability challenges. Condo markets remain weak in several areas.