<div id="readability-page-1">06:53 AM EST, 01/16/2026 (MT Newswires) -- Canadian home prices continue to drift lower as the market reverts back to income, interest rate and cash flow fundamentals, said Bank of Montreal (BMO).All markets are different, but national prices finished 2025 down 4.0% from the prior year, noted the bank.From three years ago, prices have fallen 1.4% annualized, the starting point of which was already almost a year into the downturn. From five years ago (starting point during the run-up), prices are now up a modest 2.2% annualized, pointed out BMO.While positive, BMO recalled that inflation over that period has run at 3.7% annualized, leaving real home prices contracting.In fact, in real terms, home prices are now roughly unchanged from where they were nine years ago, added the bank.There is a generation right now realizing that real estate can be a massive wealth creator, but it can also lock in capital and suck up cash flow for prolonged periods, according to BMO.Hence the lack of urgency of new buyers to get into the market right now, and the lack of investor interest. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

蒙特利尔银行

蒙特利尔银行报告称，由于负担能力问题和利率上升，加拿大房价正在下降。2025 年全国房价下降了 4.0%，三年内年化降幅为 1.4%。尽管五年内房价上涨了 2.2%，但 3.7% 的通货膨胀导致实际房价收缩。目前，房价与九年前相似，这使得新买家犹豫不决，并减少了投资者对市场的兴趣

蒙特利尔银行指出，由于可负担性问题和利率对需求的压力，加拿大的房价正在逐渐下滑