Early Spring Surge February Sets Record in Canada Housing Market
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In February 2025, the Canadian housing market experienced a significant downturn, with home sales plummeting by 9.8% compared to January, marking the steepest decline since May 2022. This drop also reflected a 10.4% decrease on a year-over-year basis. The downturn is largely attributed to economic uncertainties stemming from the onset of a trade war, which has deterred potential buyers. James Mabey, president of the Canadian Real Estate Association, noted that such uncertainties are causing individuals to reassess major financial decisions.
Despite the overall slowdown, certain periods present advantageous opportunities for sellers. An annual study by Realtor.com identified the week of April 13 to 19 as the optimal time to list homes. During this period, properties typically achieve higher prices, averaging an additional $4,800, receive 17.7% more views, and sell nine days faster on average. This timeframe aligns with peak seasonal pricing, heightened buyer demand, and reduced competition among listings, offering sellers a strategic window to maximize their returns.
Additionally, cultural events like Valentine's Day have been observed to influence the housing market. Referred to as the "Valentine's Day effect," this phenomenon sees couples taking steps toward cohabitation, leading to a surge in property sales. The holiday's emphasis on love and commitment often motivates couples to invest in a shared future, thereby boosting homebuying activities during this period. This trend underscores the interplay between societal events and real estate market dynamics.
Read the full article on: CTV NEWS
