According to RBC Economics, the Greater Toronto Area’s housing market recovery faced renewed headwinds in December 2025, capping off a “lackluster” year. Resales in Toronto fell for the fourth time in five months, remaining approximately 25% below pre-pandemic levels. Robert Hogue, assistant chief economist at RBC, cited persistent affordability challenges, economic uncertainty, and job market softness as key factors keeping potential homebuyers on the sidelines. Rising inventory and fierce seller competition are also contributing to downward price pressure. While interest rate cuts since mid-2024 have aimed to stimulate the market, their full impact is yet to be realized. Other major markets like Vancouver and Calgary are also experiencing similar pressures. For a deeper dive into the factors impacting the GTA and Canadian housing market, read the full article on mpamag.com.
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