"One Minute" Housing Market Update - November 2025

The Bank of Canada dropped rates to 2.25%, bringing the prime rate to 4.45%, the lowest since mid-2022. Despite the cut, Canada’s economy is clearly slowing, and housing hasn’t caught a break.

Sales are well below averages, inventory is climbing, and we’re effectively in a recession.

What does this mean for prices, buyer demand, and what’s next for the market?