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Bank of Canada Fails to Reignite the Housing Market, Says Rosenberg Research

BY MT Newswires | ECONOMIC | 12:17 PM EST

12:17 PM EST, 12/09/2025 (MT Newswires) -- The one question Rosenberg Research said it was constantly receiving from Canadian clients, as the Bank of Canada reignited its easing cycle, was whether this would trigger renewed inflation and speculative behavior in the housing market.

To date, no such thing has happened, stated Rosenberg Research. If anything, the central bank is pushing against the proverbial string.

Home sales in Toronto, for example, posted a huge 15.8% year-over-year decline in November, as the condo market has continued to implode, with activity down by 22%. Average prices have deflated by 6.4% year over year, and considering the level is still north of a million bucks, there is a lot more air to come out of this balloon, added Rosenberg. It also pointed out that the median after-tax income in Canada's biggest city is $85,000.

Vancouver isn't faring much better, with sales volumes slipping by 15.4% and average values down nearly 4.0%, according to Rosenberg.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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