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flag Canadian real estate forecast predicts a 9.3% drop in home sales due to economic concerns.

flag The Canadian Real Estate Association (CREA) has significantly downgraded its forecast for 2025, predicting a 9.3% drop in home sales and a slight decrease in the national average home price to $687,898, citing tariff uncertainty and economic concerns. flag Meanwhile, the Ontario Real Estate Association (OREA) advocates for factory-built housing and other bold solutions to address the province's housing crisis, aiming for 1.5 million new homes by 2031. flag However, a B.C. flag economist criticizes federal housing policies as insufficient to tackle the crisis, noting that while the direction is right, the policies do not match the scale of the problem.

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