Key Points:

Home Sales:
September home sales increased both year-over-year and month-over-month.
Affordability Improvements:
In 2025, homebuyers have seen better affordability due to:
- Higher inventory levels, giving buyers more negotiating power and leading to lower selling prices.
- Lower borrowing costs, resulting in reduced average monthly mortgage payments.
Outlook for Late 2025:
- Affordability is expected to improve further in the last months of the year.
- The Bank of Canada may have room for one more interest rate cut.
- If monthly payments continue to fall, home sales will likely rise as pent-up demand is released.
Economic Impact:
- The housing market can play a key role in economic recovery.
- Historically, housing has been a leader in economic growth, providing regional economic spin-offs with each home sale and new housing construction.
- This could help offset the effects of ongoing trade disputes.

Quote from Jason Mercer:

“The housing sector has always been a leader in economic growth. Increased market activity can help drive recovery and stability.”