Is now the moment for first-time buyers to get into the housing market?
- Nor Yu
- Aug 26
- 1 min read
Average Canadian home price dropped roughly $150,000 between February 2022 and July 2025
Canada’s major markets like Toronto and Vancouver are seeing lower prices, steady rates, and more supply, creating rare opportunities for first-time buyers.
Experts say buyers now have time to negotiate and explore options, but pent-up demand and slower construction could lead to future price increases.
Even with lower prices, affordability is still tough, as strong incomes and extra costs like taxes and fees remain big hurdles for many.
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