Despite economic uncertainty, rate cut speculation, and a shaky job market, home prices are still on the rise in select Canadian cities. If you’re wondering where the real estate market remains red-hot in 2025, we’ve got the answer.
These cities are defying the national cooling trend and showing strong price appreciation, making them top spots for investors, upsizers, and long-term buyers.
📍 Why These Cities Are Still Surging
While some markets across Canada have slowed due to higher interest rates and inflation, others are benefiting from:
- Strong population growth
- Limited housing supply
- Increased investor interest
- Interprovincial migration
According to the Canadian Real Estate Association (CREA), national average prices have flattened, but a few key markets continue to post impressive year-over-year gains (CREA, 2025).
Top 5 Canadian Cities Where Home Prices Are Still Rising in 2025
1. Calgary, Alberta
🔥 Year-over-year price growth: +7.3%
Calgary continues to be a top performer thanks to affordability, a diversified job market, and incoming migration from Ontario and B.C. Detached homes and townhouses are especially in demand, with inventory levels near decade lows.
📈 Source: Calgary Real Estate Board (2025)
2. Moncton, New Brunswick
🔥 Year-over-year price growth: +6.8%
Atlantic Canada is still seeing record interest from remote workers and retirees, and Moncton tops the list. With a booming rental market and low cost of living, the city is punching above its weight in real estate gains.
📈 Source: Canadian Real Estate Association (2025)
3. Halifax, Nova Scotia
🔥 Year-over-year price growth: +6.1%
Halifax continues to thrive due to its coastal lifestyle appeal, growing university sector, and high immigration levels. Condo and multi-family unit prices are seeing the steepest increase.
📈 Source: Nova Scotia Association of Realtors (2025)
4. Saskatoon, Saskatchewan
🔥 Year-over-year price growth: +5.9%
Saskatoon is having a surprising moment. Driven by first-time homebuyers and investors, this city offers a rare blend of affordability and growth potential, especially in the pre-construction market.
📈 Source: Saskatchewan Realtors Association (2025)
5. Windsor, Ontario
🔥 Year-over-year price growth: +5.5%
Windsor remains one of Ontario’s most affordable cities, but that’s changing fast. Demand is up due to cross-border workers, new EV manufacturing jobs, and those priced out of the GTA migrating southwest.
📈 Source: Ontario Real Estate Association (2025)
📊 Bonus Market Movers to Watch
These cities didn’t make the top five but are seeing momentum:
- Regina, SK
- Saint John, NB
- St. John’s, NL
- Kamloops, BC
- Peterborough, ON
🤔 What This Means for Buyers & Investors
If you’re looking to buy or invest in 2025, these cities still offer:
- Upward price momentum
- Better affordability compared to major metros like Toronto or Vancouver
- Long-term growth potential due to demographic shifts
Real estate is always local- timing the market is tough, but buying in the right market can pay off big.
📚 References (APA Style)
- Calgary Real Estate Board. (2025). Monthly Housing Statistics – March 2025. https://www.creb.com
- Canadian Real Estate Association. (2025). MLS® Home Price Index – National Summary. https://www.crea.ca
- Nova Scotia Association of Realtors. (2025). Halifax Market Update – March 2025. https://www.nsrealtors.ca
- Ontario Real Estate Association. (2025). Windsor-Essex Housing Trends. https://www.orea.com
- Saskatchewan Realtors Association. (2025). Saskatoon Market Highlights Q1 2025. https://www.sra.ca
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