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The biggest leap in the new supply in the record, which goes back to the 1980s
Published on February 18, 2025 • Last updated 18 hours ago • Read for 3 minutes
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Newly listed properties rose by 11 percent in January in January, with the largest seasonally adjusted monthly increase in the new offer in the late 1980s. Photo of the Canadian press
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According to the Canadian Real Estate Association (CREA), the uncertainty about tariffs and a potential trade war with the United States in the last week of January were the probable guilty that decreased in the last week of January. This weakness reduced the national sales by 3.3 percent compared to December, Crea said in his latest apartment report.
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At the same time, the newly listed properties in January rose by 11 percent month by 11 percent of the typically slow winter season-which “reflects the largest seasonally adjusted monthly increase in the new offer to record, which goes back to the late 1980s The one, the one who says in reports, apart from swings during the Covid 19 pandemic.
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“The time of this change in demand leaves little doubt about the cause – uncertainty in relation to tariffs,” said the senior economist from Crea, Shaun Cathcart, in a press release. “Together with a higher offer, this means that markets that have been tightening since last autumn suddenly are again in a softer price situation, especially in British Columbia and Ontario.”
The national average home award, which was not adjusted in the season, only increased 1.1 percent in January compared to the previous year to $ 670,064. According to the Crea, the National Composite MLS Home Price Index “hardly moved” due to the “persistent softness” in Ontario and British Columbia last year – although this was balanced by rising prices in Quebec, the prairies and on the east coast.
BC and Ontario are still the most expensive provinces to buy a house, but the average housing prices decreased by 3.8 percent in Ontario on Tario Monthly and 6.2 percent per month. In the meantime, the prices in Quebec rose by 7.3 percent. The prairies in Alberta, 0.7 percent in Saskatchewan and 0.3 percent in Manitoba, had a more modest price climber with 0.4 percent to 0.4 percent. Among the Atlantic provinces, Neufundland had the highest price increase of 5.8 percent with 5.8 percent in January.
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According to the CREA, the inventory is currently on a sweet spot between the buyer market and a seller market, whereby at the end of January 2025 there is 4.2 months of inventory. The long -term average is five months of inventory.
“Based on a standard deviation above and below this long -term average, the market of a seller would be under 3.6 months and the market of a buyer over 6.5 months,” says the report.
The decline in sales and the increase in the new offer caused the ratio of national sales to 49.3 percent. Cent).
In January, in January on all Canadian MLS systems that were offered for sale for all Canadian MLS systems, 12.7 percent increased. According to the CREA, however, this is still below the long -term average of 160,000 entries for this season.
While the chairman of Crea James Mabey expected real estate activities in spring, he said in a press release that the risk of a trade war with Canada's largest trading partner “A large dark cloud on the horizon for the real estate sector was an impact throughout the economy.
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However, lower prices and lower interest rates could be a blessing for some buyers. The Bank of Canada reduced its political interest rate in its first announcement from 2025 on January 29 by 25 basis points to three percent and is expected to continue cutting in 2025.
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“While the uncertainty about the economy and jobs undoubtedly keep some potential buyers on the side, a softer price environment in addition to lower interest rates will be an opportunity for others,” said Mabey.
• e -Mail: jswitzer@postmedia.com
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