Is the Deep Freeze in Canada’s Housing Market Finally Thawing?

National home sales have increased for four straight months, though activity remains below normal levels and recovery patterns differ across regions.

Property listings remain elevated, sustaining buyer-friendly conditions despite modest increases in transactions and a slight annual decline in average prices.

Affordability has improved marginally as required household incomes have fallen in most markets, though costs remain out of reach for many.

Analysts see no imminent boom; weak labour conditions, trade tensions, and affordability challenges are expected to restrain growth despite stronger prospects in some regions.