{"id":65281,"date":"2025-08-13T00:45:08","date_gmt":"2025-08-13T00:45:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/65281\/"},"modified":"2025-08-13T00:45:08","modified_gmt":"2025-08-13T00:45:08","slug":"home-resales-take-a-hit-in-2025-amidst-economic-uncertainty","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/65281\/","title":{"rendered":"Home resales take a hit in 2025 amidst economic uncertainty"},"content":{"rendered":"<p>Canada\u2019s sluggish home resale market is likely to stay that way for the rest of the year.<\/p>\n<p>That is according to <a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/canadianhousing\/special-housing-reports\/canadas-housing-market-forecast-update\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">RBC\u2019s latest market outlook<\/a>. <\/p>\n<p>One of Canada\u2019s largest banks projects home resales will decline 3.5 per cent in Canada to 467,000 units this year, largely concentrated in B.C. and Ontario.<\/p>\n<p>Home resales in B.C. are predicted to decrease by 4.6 per cent by the end of the year.<\/p>\n<p>Forecasters had initially predicted a more active market and slightly higher prices, largely due to interest rate cuts. But the trade war with the U.S. appears to have disrupted what looked like a recovery of the demand for resales.<\/p>\n<p>That trend is expected to look up.<\/p>\n<p>The report projects a 7.9 per cent rebound nationwide in 2026, with home resales reaching 504,100 units. That is still below the pre-pandemic five-year average of 511,000 units.<\/p>\n<p>But there is good news for B.C. The province is expected to rebound above the national average with a 10.8 per cent increase in home resales in 2026.<br \/>With this shift, it will become a buyers\u2019 market.<\/p>\n<p>Home prices across the province are expected to continue to experience a slight decrease in 2025, with an average price of $1,162,400. This is expected to remain relatively unchanged in 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"Canada\u2019s sluggish home resale market is likely to stay that way for the rest of the year. That&hellip;\n","protected":false},"author":2,"featured_media":65282,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[45,49,48,100],"class_list":["post-65281","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-ca","tag-canada","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/65281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=65281"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/65281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/65282"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=65281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=65281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=65281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}