Housing Market Update
Updated: November 25, 2025
Housing Market Update for November 2025
Canadian existing home sales edged up 0.9 per cent in October. The gain is the sixth in the past seven months, continuing an ascent toward typical pre-pandemic volumes. Conditions nonetheless remain uninspiring. October sales hovered 6 per cent below their seasonally adjusted 10-year average (which includes the COVID-era sales run-up) and 2.1 per cent below the average of the previous 20 Octobers.
November 25, 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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