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Canadian home prices fall in major cities, with a predicted 3% drop in national sales this year.
Canadian home prices have stabilized in some cities but show declines in others like Toronto and Vancouver, where prices fell 3% and 2.6% respectively.
Despite a 3.5% increase in home sales in June compared to last year, the Canadian Real Estate Association has revised its forecast, predicting a 3% decline in home sales in 2025 and a 1.7% drop in the national average home price to $677,368.
However, a recovery is anticipated in 2026 with a 6.3% increase in sales.
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Los precios de las viviendas canadienses caen en las principales ciudades, con una caída prevista del 3% en las ventas nacionales este año.