JULY 2025 CREA statistics and Quarterly forecast
Canadian Home Sales Continue to Climb in July, National Benchmark Price Remains Steady
The number of home sales recorded over Canadian MLS® Systems climbed 3.8% on a month-over-month basis in July 2025. Building on gains recorded over the previous three months, transactions are now up a cumulative 11.2% since March.
The July increase in home sales was again led overwhelmingly by the Greater Toronto Area (GTA), where transactions, while still historically low, have now rebounded a cumulative 35.5% since March.
“With sales posting a fourth consecutive increase in July, and almost 4% at that, the long-anticipated post-inflation crisis pickup in housing seems to have finally arrived,” said Shaun Cathcart, CREA’s Senior Economist. “Looking ahead a little bit, it will be interesting to see how buyers react to the burst of new supply that typically shows up in the first half of September.”
July Highlights:
The July increase in home sales was again led overwhelmingly by the Greater Toronto Area (GTA), where transactions, while still historically low, have now rebounded a cumulative 35.5% since March.
“With sales posting a fourth consecutive increase in July, and almost 4% at that, the long-anticipated post-inflation crisis pickup in housing seems to have finally arrived,” said Shaun Cathcart, CREA’s Senior Economist. “Looking ahead a little bit, it will be interesting to see how buyers react to the burst of new supply that typically shows up in the first half of September.”
July Highlights:
- National home sales were up 3.8% month-over-month.
- Actual (not seasonally adjusted) monthly activity came in 6.6% above July 2024.
- The number of newly listed properties was unchanged (+0.1%) on a month-over-month basis.
- The MLS® Home Price Index (HPI) was unchanged month-over-month and was down 3.4% on a year-over-year basis.
- The actual (not seasonally adjusted) national average sale price edged up 0.6% on a year-over-year basis.
Access the July 2025 stats PDF.
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