After a turbulent start to 2025, Ontario’s housing market continues to face pressure from high inventory levels, affordability challenges, and weakened buyer sentiment. RBC Economics now projects national home resales will decline by 3.5% this year , with much of that concentrated in Ontario and B.C. The anticipated post-rate-cut bounce has been slower to materialize, with the spring trade war temporarily disrupting the market. However, lower interest rates and easing uncertainty are beginning to draw buyers back in, signaling a slow but steady path to recovery. Looking ahead to 2026, RBC expects a 7.9% rebound in national home resales, reaching 504,100 transactions. While activity is expected to improve in Ontario, it will still lag behind the pre-pandemic five-year average of 511,000 units mostly due to affordability constraints, reduced immigration targets, and a softer labor market. Property values in Ontario are projected to see further downward pressure, with modest early-year gains in 2025 offset by price declines in late 2025 and into 2026. RBC forecasts a 0.7% national price increase in 2025 , followed by a 0.7% decline in 2026 , with Ontario and B.C. leading the drop due to oversupply and intense competition among sellers. Prices will vary significantly across the country . Balanced supply-demand conditions in the Prairies, Quebec, and parts of Atlantic Canada are expected to support modest price gains in 2025 and 2026. In contrast, Ontario and B.C. will continue to face challenges with imbalances in condo markets in Toronto and Vancouver likely spilling into other segments. Despite these challenges, improved affordability from lower mortgage rates and softer prices could unlock pent-up demand as conditions stabilize. While recovery may be uneven across regions, Ontario’s long-term fundamentals—population growth, urban demand, and economic diversification—remain strong. Buyers and sellers alike should prepare for a market that’s slowly regaining its footing but will take time to find true balance. Policy Interest Rate The Bank of Canada (BoC) paused the Policy Interest Rate on July 30, 2025, balancing the need to contain inflation with supporting economic growth. The next Interest Rate Announcement is set for Thursday September 4, 2025. The BoC’s Policy Interest Rate is currently set at 2.75%. Current Variable Mortgage Rate : 4.30% as of August 8, 2025 Current Prime Rate : 4.95% as of August 8, 2025 Policy Interest Rate : 2.75% as of August 8, 2025 Total Consumer Price Index : 1.9% Inflation as of June 2025 We aim to help you compare rates and terms to find the most suitable mortgage option based on your financial goals and preferences. Whether you’re looking for a short-term rate with flexibility or a long-term rate for stability, our goal is to simplifies your decision-making process.

The Guelph real estate market continues to show resilience, especially in the Detached home segment, which remains a key driver of local activity. While overall sales volume dipped—112 homes sold in July, down 11.1% from June and 17.9% year-over-year—pricing in Guelph has held relatively firm. The average sale price came in at $861,321, representing a 6.4% decline from the previous month but still up 2.3% compared to July 2024. Notably, new listings were down sharply, with only 234 properties hitting the market—33.7% fewer than the same time last year—contributing to tight supply and continued competition for well-priced Detached homes. Properties are also taking slightly longer to sell, averaging 27 days on market, which is up by a week compared to last year, but overall, the fundamentals of the market remain strong, especially as buyers look ahead to more favorable borrowing conditions. Property Segment highlights Detached homes : $880,083 (↓ 8.15% MoM | ↑ 2.06% YoY) Townhomes : $774,429 (↑ 2.27% MoM | ↓ 3.89% YoY) Condos : $597,310 (↑ 11.63% MoM | ↑ 10.85% YoY) While sales volume has cooled, prices are holding steady—or climbing—in several segments, especially condos. If you’re considering a move, a valuation, or just want to better understand what this means for your property or investment, I’m happy to connect. Watch the video below for a point of view tour of a 6-bedroom townhome near the University of Guelph!