The Canadian Real Estate Association (CREA) released their July 2025 Housing Market report today. The report shows that the number of home sales recorded over Canadian MLS systems, climbed by 3.8% on a month-over-month basis.
The increase is being largely led by the Greater Toronto Area (GTA), where transactions have rebounded a total of 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.
Here are some of the key highlights from CREA’s July report:
- National home sales were up 3.8% month-over-month.
- Home sales have rebounded a total of 35.5% since March in the GTA
- Actual (not seasonally adjusted) monthly activity came in 6.6% above July 2024.
- The number of newly listed properties was up +0.1% on a month-over-month basis.
- The MLS® Home Price Index (HPI) was unchanged month-over-month
- The actual (not seasonally adjusted) national average sale price edged up 0.6% on a year-over-year basis.
If you have any questions about the report or what is happening in the Market, please let me know. I’m always happy to help.