Canada’s housing market remains in flux as 2025 unfolds. National average home prices have slipped 3.9% year-over-year to $679,866 in April, and sales are down 7.5% compared to last year. However, there are signs of stabilization and even opportunity in select regions and market segments.

First-time homebuyers in Canada can now save up to $50K on new homes under $1 million thanks to the 2025 GST rebate. Here's everything you need to know.