Dear Valued Subscriber

📌 In Today’s Newsletter:

• National Market Trends: Spring Market in Full Swing

• Regional Market Highlights

• Government Policy Updates Impacting Real Estate

• Emerging Trends to Watch

National Market Trends: Spring Market in Full Swing

The spring market has officially arrived, bringing a seasonal boost in activity despite ongoing affordability concerns. Here’s what’s happening:

• Sales Activity: Home sales have increased by 12% month-over-month in March 2025, though they remain 4% below March 2024 levels.

• Home Prices: The national average home price has reached $729,000, up 2% from February and 4.3% year-over-year.

• Inventory Levels: New listings have grown by 8% month-over-month, providing more options for buyers but still remaining below historical averages.

The market's momentum is being fueled by pent-up demand from buyers who held off during the winter months and a desire to lock in stable mortgage rates.

Regional Market Highlights

Greater Toronto Area (GTA)

• Sales are up 15% month-over-month, driven by increased buyer confidence and a rise in new listings.

• The average home price is now $1,115,000, reflecting a 3% increase from February.

• Condo sales have surged as buyers seek affordable options in the city core.

Vancouver

• The market is experiencing modest growth with a 2% month-over-month increase in home prices.

• Detached homes remain in short supply, while townhomes and condos are seeing consistent demand.

Calgary

• Sales have increased by 18% year-over-year, with prices up 6%.

• Affordability and job market strength continue to attract both local and out-of-province buyers.

Atlantic Canada

• Halifax remains a strong performer, with home prices up 7% year-over-year.

• Affordability and lifestyle appeal continue to draw buyers from larger, more expensive markets.

Government Policy Updates Impacting Real Estate

Several government initiatives are making waves this spring:

• Housing Supply Acceleration Fund: A $4 billion federal initiative is supporting municipalities in accelerating housing projects to alleviate supply shortages.

• Green Building Incentives: New federal tax credits are encouraging energy-efficient home upgrades and supporting sustainable construction.

• Immigration Impact: With Canada’s plan to welcome over 500,000 new immigrants annually, housing demand remains strong, particularly in major urban centers.

Emerging Trends to Watch

Several trends are shaping the Canadian real estate market in 2025:

• Co-Buying on the Rise: With affordability challenges persisting, more buyers are exploring co-ownership arrangements with family or friends.

• Rental Market Growth: As homeownership remains out of reach for many, demand for rental properties continues to climb.

• Tech Integration: From AI-powered property search tools to virtual home tours, real estate technology is rapidly transforming how buyers and sellers navigate the market.

• Secondary Markets Gaining Popularity: Cities like Winnipeg, Saskatoon, and Moncton are seeing increased interest from buyers seeking affordable alternatives to larger urban centers.

📌A Final Note

As the spring season unfolds, the Canadian real estate market presents both opportunities and challenges. Staying informed about the latest trends and government policies will be key to making sound decisions in the months ahead.

• Buyers: Take advantage of increased inventory and shop around for the best financing options.

• Sellers: Price competitively and highlight energy-efficient features to appeal to cost-conscious buyers.

• Investors: Explore opportunities in the growing rental market or consider secondary markets with strong appreciation potential.

Need personalized guidance on your next move? Book a consultation at cal.com/manassehhomes for expert advice.

See you next week