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3mo ago

June Housing Inventories Surge as Sales Diverge Across Canadian Markets

Elevated listings coupled with price declines are giving buyers leverage toward more balanced markets.

Vancouver-area home sales decreased 9.8 per cent in June but the city's real estate board says that figure could signal a potential recovery after larger year-over-year activity declines in previous months. A Harbour Air seaplane takes off past condo towers in downtown Vancouver, on Thursday, July 25, 2024. THE CANADIAN PRESS/Darryl Dyck
A 'Sold' sign is seen out front of a home in Toronto's west end on Tuesday, June 17, 2025. (Cole Burston/The Globe and Mail)
The Calgary Real Estate Board says home sales in the city decreased 16.5 per cent in June compared with last year as higher levels of new listings led to inventory gain. Internationally renowned graffiti artist Mirko Reisser's creation of the world's tallest mural is seen through high-rises in Calgary, Alta., Tuesday, June 28, 2022.THE CANADIAN PRESS/Jeff McIntosh
Greater Toronto Area-home sales ticked 2.4 per cent lower in June compared with a year earlier as 6,243 properties changed hands, while new listings rose. Real estate signage is shown in Oakville, Ont., west of Toronto on Saturday, May 11, 2024. THE CANADIAN PRESS/Richard Buchan

Overview

  • Calgary home sales fell 16.5% year over year in June as new listings drove inventory up 83.2% to 6,941 units, matching 2021 levels.
  • Vancouver-area sales declined 9.8% from June 2024, but that drop was about half of May’s, and active listings climbed 23.8% to 17,561, with the composite benchmark price down 2.8%.
  • Toronto recorded its third straight month of seasonally adjusted sales growth, with activity rising 8.1% in June as active listings surged 34% year over year and the home price index fell 5.6% to $978,200.
  • Greater Toronto Area listings rose 7.7% to 19,839 last month while sales dipped 2.4% to 6,243 transactions, average selling prices dropped 5.4% to $1,101,691 and the composite benchmark price fell 5.5%.
  • London-area transactions climbed nearly 10% to 745 homes in June—the market’s first year-over-year gain of 2025—though year-to-date sales still trail last year’s levels.