Confidence, choice and prices drive housing activity in Canada

Canada's housing market shows mixed trends: national home sales rose 1.1% in August with prices dipping slightly, reflecting improved buyer confidence and lower interest rates. Ontario and British Columbia face high inventory and price pressure, creating buyer’s markets, while the Prairies, Quebec, and Atlantic Canada experience tighter supply and modest price gains. Affordability challenges and economic uncertainties limit demand, with immigration cuts affecting urban rental and condo markets.