Housing Market Update
Updated: January 16, 2025
Housing Market Update for December 2024
Canada’s existing housing sales continued to gather strength in November after increases in the three previous months, including a big jump in October. Early-year unevenness is now behind us. Seasonally adjusted national sales now sit at historically customary levels and their highest level since April 2022.
January 16, 2025 • 8-min read
About the Housing Market Update
The Housing Market Update describes current monthly resale and construction information for two dozen Canadian urban centres. It presents the factors underpinning housing demand, including interest rates, demographics, and incomes. Importantly, the report scales housing activity by a market’s size, enabling “like-for-like” comparisons, and presents data in interactive and easy-to-read charts. Real estate brokers and agents, home builders, housing policy experts, and general economic observers will find this report helpful.
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