In the North American resale housing market, all-cash transactions have surged to a record level over the past two decades. Across major cities in the United States and Canada, a sizable portion of apartment purchases in the secondary market are now settled without financing. By early 2025, market observers noted cash-heavy activity in resale units across urban hubs.
“The primary driver behind this shift is the burden of mortgage financing at current rates. The ongoing cost of debt represents a long-term obligation for most buyers, so many choose to pay cash whenever possible. Yet for those who can move quickly, the market remains favorable: private sellers and developers are adjusting terms and offering more attractive conditions to prevent demand stagnation.”
Industry analysts say discounts of roughly 2-3% are appearing, though they may be temporary. Sellers are increasingly willing to negotiate—many are prepared to provide about 1.5-2% off asking prices as inventory moves. If central bank policy rates ease toward mid-single digits, prices could rise by several percent, translating to differences of a few thousand to tens of thousands of dollars for buyers depending on the city and property type.
Today, cash purchases reduce exposure to high financing costs and give buyers the chance to secure real estate under more favorable terms as market conditions evolve in the near future.
Early 2025 data for major North American markets show that resale condo sizes and pricing vary widely by city. Typical units in sought-after neighborhoods often measure around 750 to 900 square feet, with price per square foot varying substantially based on location and building amenities.
Renovation and repair costs in 2025 remain a factor for buyers, influencing total investment decisions and project budgeting across different markets.