Fourth Quarter Housing Data Hints at Home Sales Rebound for 2025

With much of the early fall surge of supply having now been picked over, home sales activity recorded over Canadian MLS^® Systems dipped in December 2024. 

Sales were down 5.8% compared to November, but still stand 13% above where they were in May, just before the first interest rate cut by the Bank of Canada in early June.

The fourth quarter of 2024 saw sales up 10% from the third quarter and stood among the stronger quarters for activity in the last 20 years, not accounting for the pandemic.

Access the December 2024 stats PDF.