In July, Canadian home sales declined compared to the previous year but showed a slight increase from June, reports the Canadian Real Estate Association (CREA). Total home sales for the month reached 43,578, marking a 5.3% decrease year-over-year. However, on a seasonally adjusted basis, there was a 0.5% uptick compared to June 2026.
CREA’s senior economist, Shaun Cathcart, noted that beneath the national figures, real estate markets across Canada are gradually moving towards equilibrium. The average selling price of a home in July stood at $674,819, showing a modest 0.2% rise compared to the previous year.
New listings in July saw a 1.6% decrease from the previous month, according to CREA’s data analysis.