Real estate is local and that's never been more true than it is today.While national headlines can provide a snapshot of Canada's housing market, they rarely tell the full story of what's happening
Dated: December 23 2025
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Here’s a quick look at what you’ll find in this newsletter:
2025 Market Recap: Prices & Sales were flat! But there was One Big Market Change
2026 Market Projection: Continued to shift towards Buyers Market
Merry Christmas and Happy Holidays – A Heartfelt Thank You and Warm Holiday Wishes!
2025 looked very similar to 2024 with one major difference!
From a pricing and sales standpoint, the market was remarkably consistent.
Average price: essentially flat year over year at around $625,000
Median price: up roughly 1.2%, landing around $590,000
Number of sales: also very similar to last year, with less than a 1% difference
The one big change in 2025: Inventory
The most meaningful shift this year was how many homes were available, and how many didn’t sell. We measure that using Months of Inventory (MOI).
Here’s the comparison:
2024 average MOI: 2.87 months
2025 average MOI: 4.31 months
That represents roughly a 50% increase year over year.
Put simply:
In 2024, about 1 in 3 homes on the market would sell in any given month
In 2025, it was closer to 1 in 4
To put this into perspective, spring 2024 was an exceptionally hot seller’s market, with inventory as low as 1.74 months. By November 2025, inventory had climbed to 5.12 months nearly triple that level.
What this meant on the ground
This shift fundamentally changed the market dynamics. Buyers now have more time to consider their options and more homes to choose from, while sellers needed to price sharply and competitively from day one to stand out or they were left chasing the market. By the time they dropped their price, the average price has also gone down from the previous month.
In short:
2025 rewarded realism, punished optimism, and restored balance.
With prices essentially flat the in 2025, I expect similar stability in 2026 and I haven’t heard any economists predicting for any major shifts.
What they are predicting is a continued move towards a buyer’s market. This doesn’t mean prices tank. It simply means that buyers may have more options if the number of homes for sales continues to trend up.
For sellers, sharp pricing will become essential.
If you’re buying or selling, you can count on me for a realistic no fluff valuation. A big reason the sellers are listing to high is because their agents are afraid to disappoint them with their listing price so they take on a high-priced listing and hope maybe they can talk them down later. This leads to missed opportunities, longer timelines and unnecessary stress.
You can always count on me to give it to you straight! Every residential home I have listed in the last 10 + years has sold and my goal is always to help my client move forward with clarity and confidence.
If a move is on your radar in 2026, whether that’s buying, selling, or just understanding where you stand please don’t hesitate to reach out!
Thanks again for the trust you’ve placed in me over the years. I really appreciate it. And Wow I can’t believe I’m going into my 20th year in Real Estate.
Wishing you and your family a great holiday season and a great start to 2026.
Jason has been selling Real Estate with RealtySource since 2006! Jason began taking his Real Estate courses while completing his B.A. in Law at Carleton University. His understanding of contract law ....
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