July 24, 2025
Even though home sales picked up for the second straight month in June, the Canadian Real Estate Association (CREA) is now forecasting a 3% drop in sales for the year compared to 2024.
The latest housing data shows the number of Canadian home sales rose 2.8% on a month-over-month basis in June, led by the Greater Toronto Area’s resurgence that has seen home sales climb 17.4% cumulatively since April.
“At the overall national level, June was kind of a carbon copy of May in a lot of ways,” said CREA’s Senior Economist Shaun Cathcart in the latest CREA Housing Market Report (watch below), “which is good, because it means sales were up again and prices held steady again, as opposed to falling.”
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