Canadian Home Prices Fall 16th Straight Month on Higher Rates

Canadian home prices fell for a 16th straight month as the global uncertainty spurred by war in the Middle East pushed mortgage rates up and helped keep buyers away.

The benchmark price fell 0.4% in March from February to C$659,100 ($480,000), continuing a string of losses that started at the end of 2024, data released Thursday by the Canadian Real Estate Association show. That’s the lowest level since March 2021.