The Canadian housing market shows continued signs of cooling off as the New Housing Price Index (NHPI) reported a further decline for October 2025. The index fell to -0.4%, following September's -0.2% decrease, highlighting a steady downward trend over consecutive months.
Updated data released on November 21, 2025, indicates a month-over-month comparison reveals a significant drop, with October's figures marking an acceleration in the pricing decline compared to September. This represents growing challenges within the housing sector as builders and developers face faltering demand and shifts in market dynamics.
The new data deepens the conversation around the Canadian real estate market's health, reflecting increased caution among buyers and potentially foreshadowing broader economic implications if the trend continues. All eyes now look to the coming months, eager to discern whether the market finds stability or continues its downward trajectory.
