Particle.news
Download on the App Store
6 ARTICLES
·
last mo.

Canada’s Housing Market Logs Fourth Consecutive Sales Increase as Prices Steady

Modest price corrections have drawn sidelined buyers back; a typical early-September burst of new listings now looms as the decisive test of the market’s upturn.

The Toronto Regional Real Estate Board will be reporting its home sales figures on Wednesday. A West-end Toronto home for sale is shown in this July 15, 2023 file photo. THE CANADIAN PRESS/Graeme Roy
A sold-over-asking sign is shown in front of a home in Toronto on May 18, 2025. The Canadian Real Estate Association says home sales in July rose 6.6 per cent compared with a year ago, continuing an upward trend after the market had slowed in previous months.
The Canadian Real Estate Association says home sales in July rose 6.6 per cent compared with a year ago, continuing an upward trend after the market had slowed in previous months. A real estate sign is shown in Vaughan, Ont., on Thursday Sept. 12, 2024. THE CANADIAN PRESS/Paige Taylor White

Overview

  • Canadian home sales rose 3.8% in July compared with June, marking the fourth consecutive monthly gain and extending the rebound to an 11.2% cumulative rise since March.
  • Transactions were 6.6% higher than a year earlier even as the national average sale price stabilized at $672,784, reflecting just a 0.6% annual increase.
  • The Greater Toronto Area powered the upswing with transactions up 35.5% since March while pricier markets such as Vancouver and Calgary continue to post year-over-year price declines.
  • Active listings climbed 10.1% year-over-year to about 202,500 at the end of July, lifting months of inventory to 4.4 and holding the sales-to-new-listings ratio near the balanced threshold of 52%.
  • Analysts warn that the expected early-September surge in new listings will test whether recent gains driven by modest price adjustments can be sustained.