Canada led a decline in global housing prices in 2025, according to new data from the Bank for International Settlements (BIS).
Real global house prices fell by 0.6% last year, with prices in Canada and China both recording 6% declines, the BIS reported.
The drop in Canadian home prices ran counter to the trend in the advanced economies generally, which saw prices rise by 0.4% overall, led by stronger prices in Europe.
For countries in the euro area, prices rose by 3% last year. In the rest of Europe, prices were up 1.2%, the BIS said.
For emerging market economies, prices were down 1.4% for the year, especially in Asia, which saw prices decline by 3.2%.
That weakness was partly offset by price gains in Latin America (up 2.6%), emerging Europe (4%), and Africa (1.4%), the BIS said.
Looking at longer-term trends, the BIS reported that real global house prices are up by almost 3% since the onset of the pandemic at the end of 2019.
However, for Canada, prices are down by 7% over that period — and prices in China are off by 20%, it noted.
Since the global financial crisis in 2009, real property prices are up 20% on a worldwide basis, the BIS said.