If you’ve been keeping an eye on the Canadian housing market—or considering a move—you might be wondering what’s next for home prices.

To understand where the market may be heading, we can look at projections from prominent Canadian financial institutions and real estate boards.

The Key Takeaway? Prices Are Still Rising—Just at a Slower Pace

Major Canadian banks and the Canadian Real Estate Association (CREA) generally forecast continued, but moderated, growth in home prices. For example:

• RBC Economics projected a 2.2% increase in the national average home price in 2025 in a forecast from December 2024.

• TD Economics anticipated a more significant rebound in national average home prices, with a forecast of a 4.9% increase in 2025, as of their November 2024 outlook.

• CREA revised its forecast in March 2025, predicting a 2.5% increase in the national average home price for 2025.

These figures reflect a shift from the rapid growth seen over the past few years, particularly during the pandemic-driven boom. While the pace is moderating, home values are still climbing—just at a more sustainable rate.

What This Means for Buyers and Sellers

For Buyers

A slower pace of growth may bring more balance to the Canadian market. This could mean fewer intense bidding wars and more time to make thoughtful decisions. While prices aren’t going down significantly on a national level, buyers may find it a bit easier to compete than in previous years, especially as inventory levels improve in some regions.

For Sellers

It’s still a good time to list, but strategy matters. With home values continuing to rise, sellers who price appropriately and present their homes well can still attract strong offers. Today’s Canadian buyers are more selective, making preparation, staging, and effective marketing more important than ever.

The Market Is Adjusting—Not Crashing

What we’re seeing in the Canadian housing market is a healthy adjustment, not a downturn. The market is finding its balance, which is a positive sign for long-term stability and affordability. Factors like interest rate stability and a growing population continue to underpin demand.

Remember: Real Estate Is Local

While national trends provide a big-picture view, local market conditions ultimately drive your experience. For instance, major urban centres like Vancouver and Toronto often experience different dynamics than smaller cities or rural areas. If you're curious about what these changes mean in your neighbourhood, reach out for a personalized look at your local Canadian market.

Let’s Talk About the Elephant in the Room: Price.

You listed your home, popped the champagne… and then crickets. If your place has been sitting on the market longer than expected with little action, you’re definitely not the only one — and you’re far from stuck.

So, what gives?

Price Is the First Thing Buyers Notice (and Judge)

These days, buyers are sharp. They’re scrolling listings like pros, comparing features and crunching numbers. If your home’s been sitting for a while, people start to wonder: What’s the catch? Is there something wrong with it?

Even if your home is in great shape, in a sought-after area, and has killer photos — if it’s priced too high, buyers will swipe right past it without a second thought.

The Magic of a Well-Timed Price Tweak

Here’s the good news — you can turn things around. A strategic price drop can totally revive your listing. It shows buyers you’re serious, sparks fresh interest, and can even trigger those saved-search alerts that bring your home back onto their radar.

Sometimes, even a small adjustment is all it takes to create a big buzz.

Let’s Get You Back on Track

There’s no one-size-fits-all answer in real estate. The right price for your home depends on the market, your goals, and how quickly you want to sell.  It's important to trust your Realtor with this information and review the market data to make a smart decision.

As we settle into spring, the Nova Scotia real estate market is showing solid momentum. Whether you're thinking about buying, selling, or just watching the market, the latest stats from the Nova Scotia Association of REALTORS® (April 2025) give us a clear snapshot of what’s going on across the province.

April 2025 Highlights:

• Sales are up 3.9% year-over-year

• New listings rose by 3.8%, adding more selection for buyers

• Active inventory increased 9.7%

• Average home price is now $493,372, up 2.7%

• Months of inventory sits at 2.5 — still a strong seller’s market

These numbers point to a market that’s gaining pace, but with signs of balance starting to emerge.

For Buyers: More Choice, But Don’t Drag Your Feet

The bump in listings and inventory gives you more options, which is a welcome change. But keep in mind — prices are still climbing. If you find the right property, be ready to move. The best homes won’t sit for long.

For Sellers: You’ve Still Got the Advantage — For Now

It’s still a seller’s market, but buyers have more to choose from than they did a year ago. If you're thinking about listing, smart pricing and solid presentation are key. The days of “list it and they will come” are starting to fade.

Local Matters More Than Ever

These are province-wide trends — but your street, your neighbourhood, your town? That’s where the real insight is. Halifax isn’t the same as Bedford, and Sackville doesn’t behave like Dartmouth.

If you're curious about what your property is worth or how the market is shaping up near you, I’d be glad to walk you through it.

Reach out anytime — let’s talk about your next move.