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Tariff uncertainty foils 'slam dunk rebound year' for national home sales: CREA

CREA downgraded its 2025 forecast for home sales activity, according to an April 15, 2025, report.
Previous forecasts anticipated a resurgent market, driven by interest rate cuts and easing mortgage rules.
March saw a 9.3 per cent year-over-year drop in homes sold and a 4.8 per cent month-over-month sales decrease.
CREA's Shaun Cathcart stated the market has shifted to "treading water at best."
CREA now anticipates 482,673 residential property sales, nearly unchanged from 2024 and less than January's forecast, due to economic uncertainty.

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Tariff uncertainty foils ‘slam dunk rebound year’ for national home sales: CREA

The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2025, while the number of homes that changed hands across the country in March was down 9.3 per cent compared with a year ago.

12 days ago·Canada

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