Overview
- National transactions in October totaled 42,068, down 4.3% from a year earlier, while rising 0.9% from September for the sixth increase in seven months.
- The actual national average sale price was $690,195, a 1.1% decline from October 2024.
- CREA’s home price index rose 0.2% month over month but remained 3% lower than a year ago, reflecting a gradual, uneven price backdrop.
- New listings fell 1.4% from September, yet active listings reached 189,000, up 7.2% from a year earlier, indicating more inventory than last year.
- Month-to-month gains were concentrated in British Columbia, Alberta and Quebec, while Ontario, Saskatchewan and Manitoba posted declines, and TD cautioned the recovery remains modest.