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Canadian Home Sales Surge 3.8% Amid Recovery Signs

8/16/2025

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Summary

Story summary

Canadian home sales increased by 3.8% in July, totaling 40,228 transactions.
Ontario experienced the highest sales, with 14,464 homes sold, a 7.7% rise from June.
CREA indicates this growth may suggest a recovery following the inflation crisis.
The national average home price rose to $672,784, reflecting a 0.6% year-over-year increase.

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Story summary

Canadian home sales increased by 3.8% in July, totaling 40,228 transactions.
Ontario experienced the highest sales, with 14,464 homes sold, a 7.7% rise from June.
CREA indicates this growth may suggest a recovery following the inflation crisis.
The national average home price rose to $672,784, reflecting a 0.6% year-over-year increase.