The Canadian Real Estate Association (CREA) is reporting that home sales in February fell to the lowest level since November 2023 because of the tariff dispute between Canada and the U.S.A.
According to the CREA, “Sales activity recorded over Canadian MLS Systems dropped 9.8 per cent month-over-month in February 2025, marking the lowest level for home sales since November 2023, and the largest month-over-month decline in activity since May 2022.”
The association also reported that new listings dropped by 12.7 per cent month-over-month, reversing the unexpected surge seen in January across the country.
“The moment tariffs were first announced on January 20, a gap opened between home sales recorded this year and last. This trend continued to widen throughout February, leading to a significant, but hardly surprising, drop in monthly activity,” said Shaun Cathcart, CREA’s Senior Economist, the CREA’s March statistics package.
According to the Calgary Real Estate Board, the general Airdrie market in February declined in keeping with its long-term trends, with sales falling as inventory and new listings increased to levels usual for the month.
“Sales declined by nearly nine per cent, reaching 123 units, while new listings increased by nearly 23 per cent to 225 units. This drop in sales, combined with an increase in new listings, pushed inventories to over double the amount seen last year, rising to 345 homes.”
This led to months of supply pushing…
