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Canada Home Sales Plunge 10.7% Amid Price Cuts

12/16/2025

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Summary

Story summary

National home sales in Canada declined 10.7% in November to 33,895 transactions.
The average sale price remained at $682,219, down 2% year over year.
CREA senior economist Shaun Cathcart said some sellers are lowering prices to close deals before year-end.
Oversupply in British Columbia and Ontario may continue to suppress prices, while new listings fell 1.6% to 173,000.

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Story summary

National home sales in Canada declined 10.7% in November to 33,895 transactions.
The average sale price remained at $682,219, down 2% year over year.
CREA senior economist Shaun Cathcart said some sellers are lowering prices to close deals before year-end.
Oversupply in British Columbia and Ontario may continue to suppress prices, while new listings fell 1.6% to 173,000.