In July, home sales in Canada saw a decrease compared to the same period last year but showed a slight increase from the previous month, as reported by the Canadian Real Estate Association (CREA). Total home sales for the month reached 43,578, marking a 5.3% decline year-over-year. However, on a seasonally adjusted basis, there was a 0.5% rise in activity compared to June 2026.
According to CREA’s senior economist Shaun Cathcart, beneath the national figures, real estate markets across the country are gradually moving towards a more balanced state. The average selling price of a home in Canada in July was $674,819, reflecting a modest 0.2% increase from the previous year.
CREA also noted a 1.6% decrease in new listings in July compared to the previous month.
