November market update is here, bringing a fresh perspective on Canada’s housing market and the economic trends shaping borrowing and homeownership decisions as we move toward the end of 2025.
Supply Set to Shrink
Building permits for new single-family homes in Ontario and British Columbia have fallen to levels not seen since the 1980s. This sharp reduction in future supply could put upward pressure on home prices in key markets, creating opportunities for strategic investments.
Why This Matters for You:
With fewer new homes entering the market, existing homes become even more valuable. For women planning to buy or invest, understanding supply trends can help you make smarter decisions and anticipate future price movements.
Alberta Leads in Population Growth
Canada’s population continues to grow, albeit more slowly than in previous years. Alberta is leading the way with 2.5% annual growth last quarter, driving strong housing demand and creating opportunities for investors and homeowners alike.
Why This Matters for You:
Rising population in Alberta means ongoing demand for both rentals and ownership. Whether you’re considering an investment property or a first home, this province presents potential opportunities for growth and long-term value.
Unemployment on the Rise
The national unemployment rate has surpassed 7% for the first time since the pandemic. Regional differences are significant, making local market knowledge essential for those planning home purchases or investments.
Why This Matters for You:
Higher unemployment can impact affordability and rental stability in certain regions. Focus on markets with diverse employment and resilient industries to protect your investment and ensure stable housing options.
Consumers Expect High Inflation
Canadians are concerned about the rising cost of living, with most expecting inflation near 4% over the next year well above the Bank of Canada’s 1.3% target. This could influence mortgage affordability and consumer spending.
Why This Matters for You:
Expectations of sustained inflation suggest that interest rate relief may be gradual. Planning your financing carefully, and considering flexible lending options, will help you maintain control over your budget and mortgage payments.
Where Is Rebate Supply Increasing?
Nationally, homes listed for sale are up 7% compared to last September, with the largest increases in Alberta and Ontario. Meanwhile, supply in Manitoba and Saskatchewan continues to decline, highlighting regional variations and potential opportunities.
Why This Matters for You:
More listings in certain regions mean greater selection for buyers and investors. If you’re looking for undervalued opportunities, exploring Alberta and Ontario markets now could be a smart move before prices adjust upward.
Planning Your Next Move
Whether you’re buying, selling, or refinancing, staying informed helps you make confident financial decisions. While the housing market may feel unpredictable, having the right guidance ensures you can seize opportunities when they arise.
At Mortgage Mingle, we focus on empowering women to navigate the housing market with confidence. From pre-approvals to refinancing strategies, understanding your options puts you in control of your financial future.
Take control of your next move today.
Explore your options, plan your strategy, and step into homeownership or your next mortgage milestone with confidence.
Speak to a Mortgage Professional Today
