Slight uptick in activity as fall housing market gets underway; price growth lags behind.

Canada’s most expensive cities record price declines, while growth slows in other major markets in Q3.

Press Release Highlights:

• The Greater Montreal Area’s aggregate home price increased 4.9% year over year, while the greater Toronto and Vancouver markets recorded declines of 3.5% and 3.1%, respectively, in the third quarter. 
• National year-end forecast adjusted downward due to price declines in greater regions of Toronto and Vancouver, with the aggregate price of a home now expected to increase a modest 1.0% in Q4 2025 over the same quarter last year.
• Royal LePage applauds federal government’s commitment to build more housing; warns that greater efforts are needed to materially boost supply long-term.