Real estate scams are targeting more victims than ever before, and they're becoming increasingly sophisticated. Canadians reported losing $638 million to fraud in 2024, with authorities warning that only 5–10% of incidents are reported at all¹. Even more concerning, Canadian lawyers, title insurers and regulators have flagged a rise in identity-based title and mortgage fraud during real estate closings, where large deposits and tight timelines create opportunities for criminals².

These aren't isolated incidents targeting the naïve or unprepared—they're professional operations that can fool experienced investors and savvy consumers alike. Scammers have adapted to modern technology and remote transactions, making their schemes harder to detect and more financially devastating than ever.

The shift to digital communications and remote closings has created new vulnerabilities that criminals actively exploit. Whether you're a first-time home buyer, seasoned investor, property owner, or renter, understanding these threats and knowing how to protect yourself is essential. From wire-transfer hijacking to fake listings, title theft, and impostor agents, real estate scams come in many forms. Here's how to recognize and protect yourself from the most common threats.

Wire Transfer Fraud: The Costliest Threat

Wire fraud strikes at closing when buyers are most vulnerable. Criminals hack or spoof emails from real estate professionals or law firms, then send fake wiring instructions directing your down payment to their accounts. The setup appears completely legitimate—the email looks official, uses proper terminology, and creates urgency around closing deadlines.

In Canada, deposits are typically handled through lawyers'/notaries' trust accounts, but that doesn't eliminate risk. CREA and Canadian practitioners warn that wire transfers are designed to be irreversible, and once funds leave your account, recovery is unlikely³. For many Canadian homebuyers, typical losses can reach six figures, representing their entire life savings and down payment.

Critical warning signs include:

• Last-minute wiring instruction changes labelled "urgent" or citing a "closing emergency"
• Email address anomalies with letters off or different domains (e.g., titlle-co.ca instead of title-co.ca)
• Pressure tactics demanding immediate action to avoid delays

Protection requires verification. Always confirm trust account details in person or by calling verified phone numbers found independently (not from the email thread). Many Canadian firms now include explicit wire-fraud warnings and require verbal confirmation of transfer instructions before funds are sent.

If fraud occurs, contact your bank immediately, then report to local police and the Canadian Anti-Fraud Centre (CAFC) without delay.

Rental Listing Scams: Too Good to Be True

Rental scams use fake listings or fraudulent "landlords" to collect upfront payments for properties that don't exist or aren't actually available. Scammers copy real listings with gorgeous photos and below-market rents to lure victims—especially in tight rental markets.

Urgency tactics can be persuasive. The emotional manipulation is deliberate—scammers create urgency by claiming multiple interested renters or limited availability. They often pose as property managers or landlords who are conveniently out of the province, overseas for work, or on missionary trips.

Red flags include:

• Unusually low rent for the area or property quality
• "Landlords" who claim they're out of the province/country and can't meet in person
• Upfront payment requests (e-transfer, wire, crypto, gift cards) before viewing or signing

Never send money for rentals you haven't verified. Insist on inspecting properties before paying anything and verify ownership via your provincial land registry. Use trusted channels and beware of pressure to "hold" the unit with a deposit.

Homeowners can also be targeted when scammers impersonate owners to illegally rent out vacant homes. If you own vacant property, monitor for fake rental ads using your address.

Title and Deed (Land Title) Fraud: Stealing Your Home

Title fraud involves criminals forging transfer documents and/or using stolen identities to take out mortgages or even sell your home without your knowledge. Vacant homes, investment properties, and mortgage-free homes are prime targets because fraud is less likely to be detected quickly.

One insurance investigator documented at least 30 homes sold through total title fraud in the Greater Toronto Area over an 18-month period⁵. In one documented case, an Etobicoke couple who moved overseas for work discovered criminals had fraudulently sold their home while they were abroad. The couple only learned about the sale months later when strangers were found living in their house⁶.

Warning signs include:

• Unusual mail, such as notices of new mortgages you didn't initiate
• Stopped property tax bills or deed/ownership notices you don't recognise
• Unexpected default, power-of-sale, or foreclosure notices

Protect yourself:

• Check your title periodically via your provincial land registry office and consider title insurance
• Set up title/activity alerts where available
• Guard your personal information carefully; identity theft is often the gateway to title fraud

Fake Buyers, Sellers, and Real Estate Professionals

Identity scams involve criminals impersonating transaction parties or real estate professionals.

Fake buyer scams target home sellers with attractive cash offers, then send bogus bank drafts/certified cheques for deposits, often overpaying and asking sellers to wire back the difference.

Seller impersonation has surged across Canada, with criminals posing as property owners to list and sell properties without authorization. Impostor agents/brokers create phoney profiles, sometimes stealing legitimate agents' names and photos. In May 2025, a Brampton man was charged with fraud for allegedly collecting nearly $170,000 in deposits from nine homebuyers for pre-construction homes he had no right to sell⁷.

Always verify identities and licences through your provincial regulator (e.g., RECO in Ontario, BCFSA/RECBC in BC, RECA in Alberta)⁹. Ask for government-issued photo ID and independently verify property ownership through the land registry.

Bait-and-Switch Schemes

These scams promise attractive deals, then switch to inferior terms once you're hooked.

Rental bait-and-switch advertises great properties that are suddenly "unavailable," then pushes less desirable alternatives at higher prices.

"We Buy Houses" schemes offer inflated purchase prices, then renegotiate last-minute or assign contracts to other buyers, often leaving sellers with well-below market outcomes.

Mortgage bait-and-switch promises unrealistic rates requiring upfront fees, then switches to higher rates. In Canada, claims that sidestep the federal mortgage stress test are red flags.

Trust your instincts when deals change suddenly or seem too good to be true. Get all offers in writing and avoid non-refundable upfront fees.

Best Practices: Your Defence Strategy (Canada)

Work with licensed professionals. Use reputable real estate agents, lawyers/notaries, and mortgage brokers. Verify licences with your provincial regulator.

Verify all identities. Ask for photo ID and confirm credentials independently. Meet in person when possible, and confirm trust account details by phone using a verified number.

Protect personal information. Use strong passwords, enable two-factor authentication, and never email sensitive financial data.

Avoid pressure tactics. Legitimate deals don't require bypassing verification safeguards or making instant deposits.

Use secure payment methods. Deposits should go to verified lawyer/notary or brokerage trust accounts. Avoid cash, gift cards, crypto, or e-transfers to individuals.

Monitor your property. Regularly check land title records and set up alerts or use title insurance where available.

Report suspected fraud. Contact your bank and local police, then report to the Canadian Anti-Fraud Centre (CAFC)⁸.

BOTTOM LINE

Real estate scams exploit trust and urgency, but the warning signs are consistent: bypassed safeguards, pressure tactics, unverified identities, and deals too good to be true. Protection comes from verification, patience, and working with experienced Canadian professionals who can spot red flags.

Whether you're buying, selling, or renting, take time to properly vet every aspect of your transaction. If something feels wrong, pause and investigate—it's better to lose a "great" deal than become a fraud victim.

Planning a real estate transaction in Canada? Let's discuss how to protect your investment while achieving your goals. An experienced Canadian agent can help you navigate the process safely and spot potential scams before they become costly problems.

Sources

1. Competition Bureau Canada - https://www.canada.ca/en/competition-bureau/news/2025/02/fraud-prevention-month-to-focus-on-impersonation-fraud-one-of-the-fastest-growing-forms-of-fraud.html
2. CityNews - https://www.ctvnews.ca/business/homeowners-realtors-should-take-steps-to-protect-against-title-fraud-experts-1.6810853
3. Canadian Real Estate Association - https://www.crea.ca/cafe/what-realtors-should-know-about-wire-transfer-fraud/?category=53794
4. Canada Mortgage and Housing Corporation - https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/rental-market-reports-major-centres
5. Maclean's - https://macleans.ca/economy/realestateeconomy/homeowner-scam-canada-total-title-fraud/
6. CBC News - https://www.cbc.ca/news/canada/toronto/couple-toronto-home-sold-says-system-failed-them-1.6726043
7. CBC News - https://www.cbc.ca/news/canada/toronto/brampton-man-charged-fraud-alleged-real-estate-deposit-scam-1.7531181
8. Financial Consumer Agency of Canada - https://www.canada.ca/en/financial-consumer-agency/services/real-estate-fraud.html
9. Richmond RCMP - https://voiceonline.com/richmond-rcmp-warn-public-about-rental-deposit-scams/

Real estate remains among Canada’s top choices for building long-term wealth. A recent survey found that 87% of Canadians feel more confident investing in real estate than in publicly traded stocks. This isn't just sentiment; 76% of the Canadian real estate investors surveyed own properties beyond their primary residence.¹

The truth is, real estate offers unique advantages that traditional investments can't match. A rental property provides multiple income streams, delivering monthly rent payments while simultaneously building equity and appreciating in value. Plus, leverage amplifies returns: Even if you put down 20%, you’ll benefit from 100% of the property's appreciation gains. Tax deductions on rental expenses can further boost profitability.³ 

When executed wisely, rental properties can deliver steady cash flow today and significant wealth tomorrow. But success starts with preparation—knowing how rentals make money, who is best suited to invest, what to look for, and where to start.

How Rental Properties Build Wealth

Great rental properties create wealth through three primary channels that work together to compound returns over time:

• Cash Flow represents net monthly income after expenses. The formula: Total rent minus all expenses (mortgage, taxes, insurance, maintenance, management fees, etc.). A duplex renting for $3,300 monthly with $2,700 in expenses generates $600 monthly positive cash flow—money for profit or reinvestment.
• Appreciation refers to property value increases over time. According to Canadian MoneySaver, nationally, the housing market has averaged 6% yearly appreciation since 1975.⁴ A 6% annual appreciation on a $400,000 house adds $24,000+ to your equity annually from market gains alone.
• Equity growth also occurs as mortgage payments reduce loan principal. Ideally, tenant rent effectively covers these payments, so tenants are purchasing the property for you incrementally. If $500 monthly goes toward principal, you gain $6,000 in equity annually.

The total return combines all three elements. While individual components might not create overnight wealth, together they compound impressively for patient investors.

Who Should Invest in Rentals?

Rental property investing isn’t for everyone. The most successful investors tend to share a few traits:

• Long-term wealth builders with financial stability and risk tolerance typically succeed. Investment properties require substantial down payments (minimum of 20% in Canada) plus cash reserves for maintenance and vacancies.² You need stable finances with emergency funds before investing, as real estate is illiquid.
• Detail-oriented, patient investors often find the greatest success navigating Canada's provincial regulations. Smart investors educate themselves about tax implications, landlord-tenant laws, and analyze numbers carefully.
• Hands-on, resourceful owners who can handle basic maintenance, repairs, and tenant management themselves also have an advantage. These investors can save thousands each year on property management and service fees, boosting overall returns.

If you align with these traits, rental property investing can be a powerful tool for building lasting wealth.

Where to Begin Your Investment Journey

The first step is to contact an investment-savvy real estate agent. We can be an invaluable partner in finding and securing great properties by offering:

• Access to MLS data and off-market deals that you can’t find on your own. We have extensive networks and can sometimes help you uncover properties before they are publicly listed.
• Expert market knowledge to help you choose the right property. We know which neighbourhoods, property types, and home features are the most desirable to renters in our area.
• Deal analysis assistance to maximize your returns. We can help you estimate cash flow, cap rates, and return on investment.
• Ongoing network support that extends beyond closing. We maintain networks of reliable contractors, property managers, investor-friendly lenders, and insurance brokers.

With the right guidance from day one, you can move forward with confidence and start building a portfolio that works for you.

Your Rental Property Evaluation Checklist

Not all rental properties offer equal investment potential. Smart investors use systematic criteria to identify truly great opportunities:

• Location & Market Analysis

Location determines everything—tenant quality, rental demand, and appreciation potential. Focus on areas with strong rental demand near employment centers, universities, or transit systems, ensuring steady tenant pools.

Research local vacancy rates carefully. High neighbourhood vacancy signals low demand, while low vacancy allows rent increases. Investigate safety and school quality—properties in low-crime areas with good schools attract stable, long-term tenants.⁵

Evaluate regional economic and immigration trends beyond immediate neighbourhoods. Growing employment opportunities drive housing demand. Research major employers that are expanding but avoid areas dependent on single industries. Check government infrastructure plans—new transit or development projects can boost values, but excessive new development might increase competition.⁵

• Financial Analysis

Perform detailed cash flow analysis for every potential property. Calculate expected rent and subtract all expenses: mortgage payments, property taxes, insurance, fees, management costs, maintenance reserves (budget 10% of rent), and vacancy allowances.

Run sensitivity analysis: What happens if rents drop 5% or expenses increase 10%? Great properties remain profitable under various conditions.

• Property Condition & Carrying Costs

Physical condition directly impacts returns. Older homes with outdated systems may require frequent, costly repairs. Schedule professional inspections focusing on major components: roof, foundation, electrical, plumbing, and HVAC systems.

Consider property layout—standard configurations like 3-bedroom/2-bathroom homes appeal to broader tenant bases than unusual layouts. Factor in capital expenditure timelines for major items needing replacement every 15-30 years.

Research property tax rates carefully, as they vary significantly by province and municipality, with some jurisdictions offering different rates for investment versus principal residence. Get insurance quotes before purchasing, especially for properties in disaster-prone areas requiring expensive additional coverage.

• Property Type Selection

For most investors, single-family homes or condominiums offer the best starting point. Single-family homes typically attract longer-term tenants who treat the property as their home, resulting in steadier income.⁵

Unless you’re planning to use your property as a short-term or vacation rental, avoid highly specialized properties like luxury mansions or tiny studios targeting niche markets with higher vacancy risks. “Bread and butter” 2-4 bedroom homes in middle-class neighbourhoods form successful long-term rental portfolio foundations.⁵

• Due Diligence Requirements

Verify all numbers independently. Research comparable rents for similar nearby properties, ensuring realistic projections.⁶ Check sales comparables to avoid overpaying. Schedule professional inspections and read reports thoroughly—unexpected problems can transform great deals into money pits.

Understand local landlord-tenant laws covering eviction processes and deposit rules. Consult professionals, as needed, for valuable guidance.

If this checklist seems overwhelming, don’t worry! We can help with each of these items. By following this checklist, we’ll separate high-performing rental opportunities from costly mistakes and position you for long-term success.

BOTTOM LINE

Great rental properties aren't found by chance—they're identified through systematic evaluation. Properties that build lasting wealth combine healthy cash flow, solid locations, sound physical condition, and strong growth potential.

Success requires patience, proper analysis, and the right team. While markets fluctuate, well-chosen properties consistently reward investors through income, appreciation, and equity growth, creating real wealth over time.

Ready to start building wealth through rental property investment? The fundamentals we’ve outlined provide your foundation, but local market expertise and deal analysis make the difference between mediocre and exceptional investments. Let's discuss how these principles apply to current opportunities in your target market.

Sources

1. Real Estate Magazine -
   https://realestatemagazine.ca/survey-shows-87-of-canadians-choose-real-estate-investing-over-stocks-for-extra-income-in-2024/
2. RBC -
   https://www.rbcroyalbank.com/mortgages/what-to-know-before-buying-a-rental-property.html
3. Government of Canada -
   https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/completing-form-t776-statement-real-estate-rentals/rental-expenses-you-deduct.html
4. Canadian MoneySaver -
   https://www.canadianmoneysaver.ca/articles/3842
5. Investopedia -
   https://www.investopedia.com/articles/mortgages-real-estate/08/buy-rental-property.asp

6. Investopedia - https://www.investopedia.com/articles/mortgages-real-estate/11/how-to-value-real-estate-rental.asp

As a homeowner, you’re likely diligent about the basics—mowing the lawn, touching up paint, and cleaning regularly. But what about the critical home maintenance tasks you don’t see every day?

Research shows that home maintenance frequently takes a backseat, even with the best intentions. In fact, a recent survey found that 60% of homeowners have postponed necessary maintenance or repairs, while 40% admit to paying for a major home repair that could have been avoided with better upkeep.¹

 Still, it’s not just about avoiding costly emergencies—it’s also about maximizing the return on your biggest investment. According to research by Thumbtack, homeowners who do put in the extra care are rewarded: Well-maintained homes sell for an average of 10% more.²

 Let’s explore 10 often overlooked home maintenance tasks and how they can save you thousands in long-term costs.

1. Gutter Cleaning: Your First Line of Protection

Clogged gutters can cause water to overflow and seep into your home’s foundation, attic, or siding. Left unchecked, this can lead to foundation damage, rot, and even flooding.

The real cost of neglect: While professional gutter cleaning averages $212, it’s far less than the potential repair bills.³ The average cost to repair a flooded basement, for example, is a whopping $43,000 according to the Government of Canada.⁴

Your action plan:

• Clean gutters at least twice annually—in spring and fall.
• Use a gutter scoop or hose to remove debris.
• Consider investing in gutter guards to reduce future clogs.

This small task prevents major structural damage and prolongs the life of your home’s exterior.

2. HVAC Filter Replacement: Small Task, Major Impact

A dirty HVAC filter reduces airflow, causes your system to work harder, and increases energy use. It can also lead to health concerns from trapped contaminants circulating in your home’s air.

The hidden costs: Natural Resources Canada confirms that routine maintenance, including replacing clogged filters, can reduce energy consumption by 10-20%.⁵ Neglected maintenance, on the other hand, can lead to higher utility bills and costly repairs.

Your maintenance routine:

• Replace filters every 1–3 months, depending on filter type, usage, and the number of pets in your home.
• Opt for MERV 8–13 filters for efficiency and air quality balance.
• Schedule annual professional servicing (around $100-$250) to catch hidden issues early.⁶

This simple task protects both your monthly utility bills and your HVAC system's lifespan.

3. Water Heater Flushing: Preventing Sediment Buildup

Over time, sediment accumulates in your water heater tank, reducing efficiency and shortening the unit's lifespan. Left unchecked, this buildup can cause leaks or complete tank failure.

The financial reality:  Regular flushing prevents early replacement and may be required to maintain your water heater’s warranty. You can do it yourself or hire a professional.⁷

Your annual process:

• Turn off power and water supply to the unit
• Attach a hose to the drain valve and empty the tank completely
• Check your anode rod; it may need to be replaced every 3–5 years.

This simple routine extends your water heater’s life and preserves energy efficiency.

4. Dryer Vent Cleaning: A Critical Safety Task

Lint-clogged dryer vents aren't just an efficiency problem—they're a common cause of house fires in Canada.⁸ They also force your dryer to work harder and longer for each load.

The cost factor: Professional cleaning averages $100-$200 nationally, while fire-related damage can run into the tens of thousands.⁹

Your safety protocol:

• Clean dryer vents every six months using a brush kit, or call in a professional.
• Replace plastic ducts with rigid metal ones, which resist lint clogs.
• Monitor drying times—longer than usual may signal a blockage.

This potentially life-saving task improves both safety and appliance efficiency.

5. Refrigerator Coil Cleaning: The 35% Energy Drain

Your refrigerator’s coils help expel heat. When coated in dust, they force the compressor to work harder, increasing energy bills and shortening appliance lifespan.

The efficiency impact: Dirty coils can increase energy use by up to 35% and, over time, can lead to costly repairs or replacement.¹⁰

Your simple solution:

• Check your manufacturer’s guidelines; many recommend cleaning every six months.
• Locate coils behind or at the bottom of the unit and use a vacuum or coil brush to remove dust and debris.
• Keep condenser fan areas unobstructed.

This $0 DIY task can trim your electricity bill—and prevent early breakdown.

6. Garage Door Lubrication: Prevents Costly Repairs

A squeaky garage door means friction—and friction leads to wear on moving parts, costly spring damage, and failed openers.

The mechanical reality:  A new garage door can cost around $2000, while a can of lubricant only costs about $10.¹¹

Your annual routine:

• Check the manufacturer’s guidelines to choose the right lubricant for your garage door.
• Prioritize safety: Ensure the door is fully closed and cut the electricity.
• Check for any signs of damage before proceeding, and call in a pro if needed.¹²

This simple task eliminates squeaks and avoids expensive repairs.

7. Sump Pump Testing: Your Basement's Guardian

Your sump pump quietly protects your basement from water damage—but it needs testing to ensure it works when you need it most.

The flood prevention factor: Sump pump failure during a storm can result in tens of thousands of dollars in cleanup costs.⁴

Your quarterly test:

• Pour water into the pit to ensure the float triggers the pump.
• Confirm pump and drainage are working correctly.
• Clean the inlet screen once per year to avoid clogs.

This 10-minute check gives peace of mind and avoids major flood damage.

8. Chimney Cleaning: Preventing House Fires

Creosote buildup in chimneys is a common cause of Canadian house fires in the fall and spring.¹³

The fire prevention imperative: Professional cleaning can cost a few hundred dollars, but it’s crucial for anyone burning wood. The cost of ignoring this task includes chimney repairs and fire damage that can devastate homes.¹⁴

Your annual safety check:

• Hire professionals for a thorough inspection and sweeping.
• Use only seasoned wood to reduce creosote buildup.
• Install a chimney cap to block debris and critters.

Professional chimney maintenance is a non-negotiable safety investment.

9. Roof Inspection: Protecting Your Shelter

Missing shingles, damaged flashing, or small leaks can quickly escalate into structural damage and mould problems if left unaddressed. Canada's harsh weather conditions make regular roof inspections particularly crucial.

The structural stakes: Roof inspections can cost a few hundred dollars, while full replacements typically cost $4-$7 per square foot for an asphalt shingle roof.¹⁵

Your inspection process:

• Twice per year, perform a DIY inspection for missing shingles, cracked flashing, and sagging areas.
• Check your attic for stains or leaks after rainfall.
• Consider a professional inspection every 1-2 years, depending on your risk factors.¹⁶

Early intervention prevents thousands in repairs and helps retain resale value.

10. Water Pressure Monitoring: Protecting Your Plumbing

Many homeowners never check their home’s water pressure, but levels above 80 psi can damage pipes, appliances, and fixtures throughout your home, leading to premature failures and leaks.

The pressure problem: Water pressure that’s too high can damage your pipes and lead to expensive repairs or flooding. Pressure that’s too low can impact the performance of your faucets and appliances.¹⁷

Your annual check:

• Use a water pressure gauge connected to an outdoor faucet.
• Ideal pressure: 40-60 psi. Install a regulator if it runs high.
• Monitor for sudden changes that could signal a plumbing issue.¹⁷

This small check helps you avoid hidden damage to your entire plumbing system.

Creating Your Home Maintenance Schedule

Rather than reacting to emergencies, create a proactive plan. Here's a maintenance chart that puts it all in one place:

BOTTOM LINE

Proactive home maintenance isn’t optional—it’s essential. The ten tasks above are often overlooked, but they’re critical to preserving your home’s safety, energy efficiency, and resale value.

Ultimately, your home is an investment. Consistent upkeep helps you avoid emergencies, save on utilities, and protect your equity for the long term.

Ready to create a tailored maintenance plan for your home? I can connect you with trusted local service pros and show you how proactive upkeep contributes to your home's market value. Let’s talk about keeping your home in peak condition—and protecting one of your most valuable investments.

Sources

1. Finance Buzz -
   https://financebuzz.com/homeowner-maintenance-repairs-survey
2. Thumbtack -
   https://blog.thumbtack.com/investing-in-home-maintenance-pays-off-yet-the-majority-of-homeowners-are-under-budgeting-84426995b6c5
3. Bark -
   https://www.bark.com/en/ca/gutter-cleaning-repairs/gutter-cleaning-cost/
4. Government of Canada -
   https://www.canada.ca/en/campaign/flood-ready/know-the-risks/cost-floods.html
5. Natural Resources Canada -
   https://natural-resources.canada.ca/energy-efficiency/energy-star/energy-efficiency-reference-guide-compressed-air#
6. FurnacePrices.ca -
   https://www.furnaceprices.ca/posts/annual-hvac-maintenance/
7. Home Depot -
   https://www.homedepot.com/c/ah/how-to-flush-a-water-heater/9ba683603be9fa5395fab901d7efffcd
8. CBC -
   https://www.cbc.ca/news/canada/nova-scotia/fire-hazard-clothes-dryer-1.4400429
9. 1CleanAir -
   https://1cleanair.ca/duct-cleaning/dryer-vent-cleaning/cost-canada/
10. U.S. Department of Energy -
    https://www.energy.gov/energysaver/purchasing-and-maintaining-refrigerators-and-freezers
11. NerdWallet -
    https://www.nerdwallet.com/ca/mortgages/garage-door-replacement-cost-in-canada
12. Lowes -
    https://www.lowes.com/n/how-to/how-to-lubricate-garage-door
13. Firefighting in Canada -
    https://www.firefightingincanada.com/trainers-corner-tactics-and-tips-for-chimney-fires/
14. Government of Canada -
    https://publications.gc.ca/site/archivee-archived.html?url=https://publications.gc.ca/collections/Collection/M144-93-1-2005E.pdf
15. NerdWallet -
    https://www.nerdwallet.com/ca/mortgages/roof-replacement-cost-in-canada
16. Angi -
    https://www.angi.com/articles/how-much-does-roof-inspection-cost.htm
17. The Spruce -
    https://www.thespruce.com/testing-water-pressure-in-your-home-2718692

Real Estate Market Update: What Mid-Year Indicators Mean for Your Next Move

 July 1st isn’t just Canada Day—it also serves as a pivotal checkpoint for assessing how 2025 has unfolded so far and what might be coming in the months ahead.

Canada’s real estate market remains shaped by economic uncertainty, fluctuating interest rates, and global trade tensions. However, a recent rise in existing home sales suggests a more positive shift may be underway.¹

Whether you’re considering buying a home, selling, or simply evaluating your next steps, understanding today’s market is essential. In this comprehensive market update, we examine four key factors influencing today's housing market and provide actionable strategies for navigating these evolving conditions.

MARKET REMAINS SUBDUED, BUT THERE ARE EARLY SIGNS OF RECOVERY

After declining in the first part of the year—primarily due to market uncertainty and an ongoing trade dispute with the U.S.—Canadian home sales rose 3.6% between April and May, marking the first monthly gain in national activity since November 2024, according to the Canadian Real Estate Association (CREA).^2,3 This subtle but significant uptick was largely driven by increased sales in Toronto, Calgary, and Ottawa.³

“May 2025 not only saw home sales move higher at the national level for the first time in more than six months, but prices at the national level also stopped falling,” said CREA Senior Economist Shaun Cathcart. “It’s only one month of data … but there is a sense that maybe the expected turnaround in housing activity this year was just delayed for a few months by the initial tariff chaos and uncertainty.”³

 What it means for you:  While it's too early to declare a full rebound, this shift could signal renewed momentum heading into the summer and fall. Buyers may want to act before prices begin to climb again, while sellers should be prepared for a potentially more competitive market in the months ahead. We can help you assess the right time to make a move.

FIXED MORTGAGE RATES OFFER SOME STABILITY

Heading into the second half of 2025, mortgage rates remain top-of-mind for many Canadians. A growing number are opting for fixed-rate mortgages over variable options, not because they’re dramatically cheaper—but because they offer predictability during an uncertain time.⁴

“We all hoped that rates would be a lot lower by now, but with Trump in office there’s just too much uncertainty,” notes Victor Tran, a mortgage and real estate expert with RATESDOTCA. “People don’t want to deal with that, and going for a fixed rate could be a safer bet.”⁴

Economists’ predictions are mixed as to whether the Bank of Canada will cut its overnight rate again before the end of the year. Persistent inflation, along with trade-related economic risks, may continue to limit the scope and speed of any reductions.⁵

What it means for you:  For buyers or homeowners considering refinancing, now is a critical time to speak with a mortgage advisor. Understanding your borrowing power and options can help you act with confidence. We’d be happy to refer you to a trusted mortgage professional in our network.

A RETURN TO BALANCED INVENTORY IN SOME AREAS

After several years of tight inventory conditions, Canada is slowly seeing a more robust supply of homes hit the market—though the story varies by region. There were 201,880 properties listed for sale in May, a 13.2% year-over-year increase, though still about 5% below the long-term average.³

With a national inventory of 4.9 months, Canada’s real estate market is currently balanced. This means there’s no strong tilt toward either buyers or sellers nationally, but significant regional differences remain.³ 

“If you’re looking to buy or sell a property heading into the second half 2025, you’ll need to understand how national trends are or are not playing out locally, so contact a REALTOR® in your area today,” advises CREA Chair Valérie Paquin.³

What it means for you:  Whether you’re house hunting or planning to list your home, local market conditions matter more than ever. Having a knowledgeable agent by your side can help you understand supply and demand in your area—and strategize accordingly. 

For buyers, we can help identify hidden gems and guide strong offers. For sellers, we can develop marketing strategies to move your home efficiently, even in a competitive landscape.

HOME PRICES PAUSE—BUT NOT ACROSS THE BOARD

Home prices nationally stabilized in May, with the MLS® Home Price Index down just 0.2% month-over-month—a notable slowdown after three consecutive months of 1% declines. However, prices are still down 3.5% from May 2024, and the national average sale price of $691,299 reflects a 1.8% year-over-year dip.³

However, the story differs among regions. According to the Royal Bank of Canada, high-priced markets like Southern Ontario and parts of British Columbia remain especially soft.⁶ 

Elsewhere in the country, price trends appear more stable. Prairie cities such as Edmonton, Saskatoon, and Regina, along with markets in Quebec and Atlantic Canada like Quebec City and St. John’s, have held up relatively well. While not entirely insulated from broader economic uncertainty, these areas have thus far avoided the steeper price corrections seen in the most expensive regions.⁶

What it means for you:  If you're a buyer with flexibility around property type and location, this shifting market could present valuable opportunities—particularly in areas seeing price corrections. 

For sellers, understanding local supply and demand is essential, and a tailored strategy may be needed to stand out. We're here to help you make sense of the data and navigate these conditions with confidence.

LET’S MAKE YOUR NEXT MOVE A SMART ONE

While national housing reports can give you a “big picture” outlook, much of real estate is local. And as local market experts, we know what's likely to impact sales and drive home values in your particular neighbourhood. 

For buyers, this could be the most favourable environment in years. For sellers, the right strategy, price, and timing are more important than ever. And for homeowners, understanding your property’s value in a shifting market can help with decisions about refinancing, renovating, or investing.

The best decision is an informed one, and that’s where a trusted real estate professional comes in. We have the local insight, negotiation skills, and market knowledge to help you succeed—whether you're buying your first home, selling your third, or simply weighing your next move. Reach out today to start a conversation about your goals and how the current market can work for you.

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1. RBC Economics -
    https://www.rbc.com/en/thought-leadership/economics/canadianhousing/monthly-housing-market-update/canadas-housing-market-finds-a-footing-in-may/
2. Global News -
    https://globalnews.ca/news/11181839/canada-home-sales-april/
3. Canadian Real Estate Association -
    https://stats.crea.ca/en-CA/
4. Canadian Mortgage Professional -
    https://www.mpamag.com/ca/mortgage-industry/industry-trends/dont-expect-canadian-mortgage-rates-to-see-a-big-decline-anytime-soon/537204
5. Yahoo! Finance -
    https://ca.finance.yahoo.com/news/what-will-the-bank-of-canada-do-next-economists-forecasts-are-all-over-the-place-155451996.html
6. Royal Bank of Canada -
    https://www.rbc.com/en/thought-leadership/economics/canadianhousing/special-housing-reports/early-signs-of-renewed-housing-market-confidence-emerge-in-canada/