In September 2025, Canadian home sales rose 5.2% yearly, reaching 39,700 transactions, the busiest September since 2021.
CREA upgraded its 2025 forecast, now expecting 473,093 homes to sell nationally, ↓ 1.1% yearly.
The national avg home price ↑ 0.7% yearly to $676K, though CREA predicts a slight 1.4% drop for 2025.
Despite improved sales, affordability remains a challenge, and market activity slowed 1.7% MoM, ending 5 consecutive monthly increases.
CREA anticipates further momentum in Q4 and a 7.7% rebound in home sales for 2026, with the national avg price rising to $698K.