Home prices rise in some cities, drop in others: How Canada's property market is shifting after the trade war
According to the statistics of the local real estate board, there was a modest increase in the number of transactions between May and June 2025 in several major markets, including Vancouver, Edmonton, Regina, Saskatoon, Toronto, and Halifax. The gains recorded, however, constitute a fraction of pullbacks earlier this year.
'When you look at various metrics, you know buyers now have much more of a stronger hand when negotiating prices,' CTV News quoted Robert Hogue, assistant chief economist for RBC, as saying.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Golfer Ollie Schniederjans Scores A Surprise Four-Shot Victory
Golf Asia
Read More
Undo
The MLS Home Price Index (HPI) dropped in Toronto, Vancouver, southern Ontario, and Lower Mainland markets, CTV News reported. Inventory in these markets has risen to historically high levels, and buyers are facing stretched affordability conditions.
'Markets in southern Ontario, as well as B.C., are soft; however, it looks like, over the last couple of months, the slide in activity appears to be now stabilizing, so things don't look like they're getting any softer from an activity perspective,' Hogue said.
Live Events
'But prices continue to fall in those markets. That's likely because of a stretch of affordability that's holding back a lot of buyers who can't get up prices in the current context, and the fact that those markets are heavily in favour of buyers. At this point, there's a lot of competition between sellers and less between buyers, so those markets are seeing price declines,' he added.
Meanwhile, in several other cities, the value of property continues to be on the higher side. These markets include the Prairies, Quebec, and the Atlantic region, supported by still tight (and, in some cases, very tight) supply-demand conditions. 'In other parts of the country, the situation is different,' said Hogue.
'We've seen some correction during the spring in the face of the trade war; that affected confidence across the board. But the level of activity, in most cases—I'm thinking in particular in the prairies, either in Saskatchewan or in Alberta—to a fair extent, not everywhere, but to a fair extent, the level of activity is still pretty robust. When you compare it to pre-pandemic levels, it's sort of the same situation in markets like Montreal, for example. Now we've seen a bit of a slowdown lately, but nonetheless, the level is still, I would argue, pretty comparable relative to the pre-pandemic level,' he added.
Buyers in Toronto have bargaining power
In Toronto, buyers have plenty of options, a situation not seen in the city in decades, as the number of homes for sale continues to surge. The trend favours buyers and gives them more time to make decisions and negotiate.
Toronto's MLS HPI in June 2025 was down 5.5 per cent (or more than $58,000) year over year and lower by 0.9 per cent from May, according to CTV News.
Condo apartments saw the largest drop, falling eight per cent because of an abundant supply, but every housing type experienced some loss in value.
Sellers are holding back in Montreal
According to RBC, Montreal's recovery has stalled this year because of the trade war. The bank estimates that resales dropped for the third consecutive month between May and June, falling by about two per cent. Still, resales are staying at levels that would have been considered strong before the pandemic.
Prices see downtrend in Vancouver
As far as Vancouver is concerned, the slide in resales in Vancouver is stabilizing, though prices remain firmly on a downward track. According to CTV News, Vancouver's MLS HPI declined 2.8 per cent from a year ago (2024), marking the fourth straight month of annual declines.
The supply and demand situation in the city is favouring the buyers, giving them control amid rising inventories. Active listings reached a 13-year high in June, yet home resales rose for the first time this year, up more than two per cent in May.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
43 minutes ago
- Time of India
Japan politics: PM Ishiba's coalition loses upper house majority; first time loss for LDP in both chambers since 1955
Japanese Prime Minister Shigeru Ishiba's ruling coalition has failed to retain its majority in the upper house of parliament, giving another significant blow to his government and fuelling further political uncertainty. According to public broadcaster NHK, the Liberal Democratic Party (LDP) and its junior partner Komeito fell short in Monday's pivotal election, securing only 47 seats with one still to be declared, three seats short of the 50 they needed to maintain control. The coalition, which already held 75 seats in the 248-member upper house, required 50 more to retain a simple majority of 125. Instead, it now finds itself a minority in both houses of parliament, following a similar loss in the lower house in October. It is the first time since the LDP's founding in 1955 that the party has lost its majority in both chambers. Despite the poor showing, Ishiba signalled his intention to stay on, warning that stepping down would create a political vacuum at a time when Japan faces serious challenges, including tariff threats from the United States. 'I will fulfill my responsibility as head of the No. 1 party and work for the country,' Ishiba said in a live interview with NHK, while admitting, 'It's a tough situation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Switch to UnionBank Rewards Card UnionBank Credit Card Apply Now Undo I take it humbly and sincerely.' The LDP, while still the largest party in the Diet, won just 39 seats, slightly better than the 32 projected by exit polls but still a disappointing result. Ishiba had hoped for a minimal victory, setting the benchmark at a simple majority, but acknowledged that the government's efforts to contain rising prices had not yet made an impact on many citizens. The election result does not pose an immediate threat to Ishiba's premiership, as the upper house cannot table a no-confidence vote. However, it significantly weakens his political position and could spark internal calls for him to resign or forge a new coalition, AP reported. Public frustration has been mounting amid soaring prices, stagnant wages and high social security costs. Economic dissatisfaction dominated voter concerns, alongside growing scrutiny of the government's tougher stance on foreign residents and visitors. A resurgent right-wing populist party also made gains during the campaign, further complicating the political landscape. Sunday's vote followed the coalition's earlier defeat in the lower house elections, which was blamed on past corruption scandals and the administration's failure to quickly address economic pressures. As a result, Ishiba's government has been forced into repeated concessions with the opposition to push legislation through the Diet. Economic anger Frustrated by rising prices, low wages, and heavy social security costs, voters turned against Prime Minister Shigeru Ishiba's coalition in the upper house election. The government lost support for failing to reduce living costs, especially for basics like rice, and for its stricter immigration policies that sparked public debate. Weak c oalition Sunday's upper house vote followed the ruling coalition's loss of a majority in the October lower house election. Prime Minister Shigeru Ishiba's administration, already tainted by past corruption scandals, has since had to rely on opposition support to pass legislation. The failure to implement effective economic relief only intensified public dissatisfaction. Further complicating the government's troubles, US President Donald Trump criticised the lack of progress in trade talks. Washington has expressed frustration over Japan's limited imports of American vehicles and rice, despite a domestic shortage of the staple grain. A looming 25% US tariff, set to take effect on 1 August, adds another layer of pressure on Ishiba, who had resisted compromise ahead of the election. With his coalition now in the minority, the likelihood of a breakthrough remains slim. Voters turn to other parties Voters increasingly turned to new populist forces. While Japan's eight main opposition parties failed to unify under a common agenda, emerging groups made strong gains. The right-wing Sanseito party, known for its hardline anti-foreigner stance and 'Japanese First' platform, surged from one to 14 seats. Their agenda includes anti-vaccine, anti-globalism rhetoric and support for traditional gender roles. The conservative Democratic Party for the People (DPP) also saw a significant rise, increasing its seat count from four to 17. DPP leader Yuichiro Tamaki said voters backed them 'as a new alternative'. Meanwhile, the centrist Constitutional Democratic Party of Japan (CDPJ) lagged behind.
Time of India
an hour ago
- Time of India
Wall Street wants to make private markets a little more public
There's a new darling on Wall Street : private markets . Because that's where the party is now. Companies are staying private for longer-the number of publicly traded companies has dropped by nearly half over the past three decades, with nearly 1,500 startups worldwide currently boasting a valuation of $1 billion or more-and, according to the global consultancy Bain & Company, private market assets have more than tripled since 2013. The firm expects them to grow twice as fast as public assets in the future, reaching $62 trillion globally by 2034. Explore courses from Top Institutes in Select a Course Category MCA Healthcare Product Management MBA CXO Data Science Artificial Intelligence Technology others Data Science Digital Marketing Finance Project Management healthcare Operations Management Others Leadership Management Public Policy Design Thinking Cybersecurity PGDM Degree Data Analytics Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Historically, private equity investments were accessible only to wealthy and experienced investors. But in recent years, interest has soared among the retail class. Fund managers, brokerage houses and savvy startups are racing to build new products that expand access to all, and the newly appointed chair of the Securities and Exchange Commission , Paul S. Atkins, has signalled he supports the goal. "This is just the beginning," said the senior vice president of Robinhood Crypto, Johann Kerbrat, who is leading Robinhood's efforts to make PE tradable on its platform. Live Events Washington appears to be on board. Investments in private companies have typically been reserved for " accredited investors "-people that earn more than $200,000 a year or have a net worth of at least $1 million. The requirement is meant to protect everyday investors from high-risk investments. "There's not a lot of clarity, you can't get your money out, and you might lose all your money," said Jonathan Foster, the CEO at Angeles Wealth Management. Atkins indicated in May he planned to expand private markets access for retail investors. " Financial innovation sometimes means getting out of the way of capital formation," he said. The White House is reportedly finalising an executive order allowing 401(k) retirement savings plans to invest in private equity, according to The Wall Street Journal. That would ease the legal concerns that have kept private equity out of the US defined contribution market, which has grown from $9.6 trillion in 2022 to $12.4 trillion in 2024. New firms specialise in a secondary market for private shares. Trading platforms such as Forge Global, Destiny, Augment, Hiive, and EquityZen act as middlemen between early employees of private companies looking to sell their shares and public investors hoping to put their money in the private entity. Forge, for example, currently offers investment opportunities in roughly 200 hotshot private companies such as SpaceX, OpenAI, Anthropic, Figma and Stripe-with nearly 2,000 companies on the firm's radar. While these platforms require investors to be accredited, they have made it easier to find private shares (sometimes without permission from the companies that issued them). In March, Forge lowered its minimum investment threshold to just $5,000. "We believe in broadening access to all investors," said the company's chief strategy officer, Howe Ng, adding that Forge's total trading volume for the first quarter of 2025 increased by 132% over the prior quarter, topping out at $692.4 million.
Time of India
an hour ago
- Time of India
Is RIL's strong profit growth sustainable amid rising capital expenditure?
ET Intelligence Group: Reliance Industries delivered a strong performance at the operating profit level for the June quarter driven by oil marketing, retail and digital services segments. Excluding the effect of one-time gain from the sale of investment in Asian Paints, the company reported 15% and 25% year-on-year growth in operating profit before depreciation and amortisation (Ebitda) and net profit for the quarter. A strong profit growth helped in retaining the net debt-Ebitda level at around 0.6, similar to that at the end of FY25 despite a capital expenditure of ₹29,875 crore for the quarter, up 4% year-on-year. Given this, the country's largest company by revenue and market capitalisation appears to be well placed to grow across the business segments. In the Oil-to-Chemicals (O2C) business, which has the largest share of 56.7% in RIL's consolidated top line, the Ebitda performance was impressive despite a muted 1.5% increase in top line. The Ebitda growth of 10.8% was driven by improved realisation for transportation fuels and higher volume growth of 34.2% in diesel and 38.6% in petrol year-on-year. Explore courses from Top Institutes in Select a Course Category Data Analytics PGDM Public Policy Healthcare Technology Data Science Data Science Leadership Degree healthcare MCA others Management Finance Operations Management Design Thinking Cybersecurity CXO Digital Marketing Others Artificial Intelligence Product Management MBA Project Management Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The company's telecom division, which forms over 13% of the consolidated revenue, continued to report traction in subscriber addition and average revenue per user (ARPU). The 5G user base crossed 210 million in the June quarter from 191 million at the end of March 2025. The ARPU improvement continued with the latest tally ₹208.8 from ₹206.2 in the prior quarter and ₹181.7 a year ago. Also, the sequential pace of customer addition at 9.9 million increased from 6.1 million in the previous quarter. As a result, the Jio Platform's revenue grew by 19% year-on-year to ₹35,032 crore while Ebitda rose by 24% to ₹18,135 crore. Agencies In the retail segment, which forms over 26% of the consolidated revenue, the store count increased by 388 to 19,592 in the June quarter. Net revenue grew by 11.3% year-on-year to ₹73,720 crore led by market leadership in grocery and fashion, despite temporary monsoon-related softness in electronics. The overall consolidated revenue grew by 6% to ₹2.7 lakh crore year-on-year while net profit including the investment gain rose by 76.5% to ₹30,783 crore. Under its new energy initiative, it has started the execution of power generation projects in Kutch and it is in the process of setting up a transmission line to Jamnagar, Gujarat. This will aid the company's green chemicals business. Live Events Motilal Oswal expects consolidated Ebitda and net profit to grow by 11% annually between FY25 and FY28. It has reiterated "buy" on the stock, marginally raising the target price to ₹1,700 from 1,685. The stock was last traded at ₹1,476.9 on Friday on the BSE.
