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AUGUST 2025 CREA statistics and Quarterly forecast

August 2025 CREA statistics

Canadian Home Sales Post Best August in Four Years

The number of home sales recorded over Canadian MLS® Systems edged up 1.1% on a month-over-month basis in August 2025. It was the best month of August for sales since 2021, and the fifth straight monthly increase in activity, making for a cumulative 12.5% since March.

Unlike in recent months, when gains were led overwhelmingly by the Greater Toronto Area (GTA), sales in the GTA were down slightly in August, but this was more than offset by higher
sales in Montreal, Greater Vancouver and Ottawa.

“Activity has continued to gradually pick up steam over the last five months, but the experience from a year ago suggests that trend could accelerate this fall,” said Shaun Cathcart, CREA’s Senior Economist. “Part of what drives sales at different points in the year is the availability of a lot of fresh property listings for buyers to buy. For the fall market, that always happens right at the beginning of September, and this year was no exception. If last year is any kind of guide, then there is the potential that sales could really pick up in the next month or so depending on how many buyers are drawn off the sidelines, particularly if we see a September rate cut by the Bank of Canada.”

August Highlights:
  • National home sales were up 1.1% month-over-month.
  • Actual (not seasonally adjusted) monthly activity came in 1.9% above August 2024.
  • The number of newly listed properties climbed 2.6% on a month-over-month basis.
  • The MLS® Home Price Index (HPI) was little changed (-0.1%) month-over-month and was down 3.4% on a year-over-year basis.
  • The actual (not seasonally adjusted) national average sale price rose 1.8% on a year-over-year basis.
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