Canadian home resales forecast to fall 3.5% next year

 

 

Canadian home resales are forecast to fall 3.5% next year. Canadians are likely to hold off on buying homes for the rest of this year, according to a new report from the Royal Bank of Canada.

The report also shows that the trade war with US President Donald Trump has also affected the Canadian housing market. The report also says that home sales and prices have fallen across the country. About 467,100 older homes are expected to be resold in Canada this year. This is a 3.5% decrease compared to last year, according to the RBC report. The Bank of Canada says that this decrease occurred in the first six months of this year. The report also says that the slowdown in the housing market will hit the provinces of Ontario and British Columbia the hardest. However, the report also states that there are signs of a recovery as economic concerns subside. The report adds that there will be a rebound in the second half of 2025, paving the way for strong demand in 2026.

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