June 2025 CREA statistics and Quarterly forecast

Canadian Home Sales Up Again in June, National Prices Holding Steady

The number of home sales recorded over Canadian MLS® Systems rose 2.8% on a month-over-month basis in June 2025, building on the 3.5% gain recorded in May.

Over the past two months, the recovery in sales activity was led overwhelmingly by the Greater Toronto Area (GTA), where transactions, while remaining historically low, have rebounded a cumulative 17.3% since April.

“At the national level, June was pretty close to a carbon copy of May, with sales up about 3% on a month-over-month basis and prices once again holding steady,” said Shaun Cathcart, CREA’s Senior Economist. “It’s another month of data suggesting the anticipated rebound in Canadian housing markets may have only been delayed by a few months, following a chaotic start to the year; although with the latest 35% tariff threat, we’re not out of the woods yet.”

June Highlights:

• National home sales were up 2.8% month-over-month.
  Actual (not seasonally adjusted) monthly activity came in 3.5% above June 2024.
• The number of newly listed properties fell 2.9% on a month-over-month basis.
• The MLS® Home Price Index (HPI) was almost unchanged (-0.2%) month-over-month and was down 3.7% on a year-over-year basis.
• The actual (not seasonally adjusted) national average sale price was down 1.3% on a year-over-year basis.

Access the June 2025 stats PDF.

CREA Updates Resale Housing Market Forecast Amid Continuing Economic Uncertainty

The Canadian Real Estate Association (CREA) has updated its 2025 and 2026 forecasts for home sales activity and average home prices via the Multiple Listing Service® (MLS®) Systems operated by Canadian real estate boards and associations. 

In CREA’s April forecast, the expectation was flat sales and average home prices at the national level in 2025 compared to 2024. It was a significant revision to January’s forecast of a recovery year, as the threat of steep tariffs from the United States had become reality and had to be incorporated into the outlook.

For this most recent forecast, revisions are much smaller. Sales and average home prices are now forecast to post small declines in 2025 compared to 2024, as the tariff chaos and uncertainty that drove so many buyers back to the sidelines earlier this year ended up taking a larger bite out of activity in British Columbia, Alberta, and Ontario than was expected three months ago.

Access the July 2025 forecast PDF.