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:

• 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.

https://stats.crea.ca/en-CA/