The latest numbers show a different trend: New home sales have declined sharply across Canada

When the federal government released its 2025 Budget on November 4, one line on page 44 immediately stood out: “Home sales have risen in five of the past six months.”

For those of us in Canada’s housing industry, we found ourselves scratching our heads when we read this line, wondering how such a conclusion could have been reached. Because while it may sound encouraging, it does not reflect the reality unfolding in major urban centres across the country.

Third-party agencies have been tracking sales data for builders and to inform the public for decades. The latest numbers tell a very different story and show a severe downward trend. Year-to-date new home sales have declined sharply across Cana

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