CREA forecasts an 8.6% rise in home sales across Canadian MLS Systems in 2025, driven by pent-up demand and low interest rates. Population growth and first-time buyers (aged 25–35) are key factors.

While supply shortages persist, demand could trigger higher sales, though price growth may remain modest. The national average home price is projected to rise 4.7% to $722,000.

The Prairies and Eastern provinces may see stronger price growth due to lower inventories and untapped potential, while a potential trade war with the U.S. remains a wildcard.
Experts emphasize the need for innovative housing solutions to address the supply gap and support a balanced market.