Home sales for the month of July showed a decrease compared to the same period last year, but saw a slight increase from the previous month, as reported by the Canadian Real Estate Association (CREA). The total number of home sales in July was 43,578, marking a 5.3% decline from the previous year. However, when seasonally adjusted, there was a 0.5% rise in activity compared to June 2026.
CREA’s senior economist, Shaun Cathcart, noted that beneath the national headline figures, real estate markets across the country are gradually moving towards a more balanced state. The national average selling price of a home in July was $674,819, showing a modest 0.2% increase year over year.
In terms of new listings, CREA reported a 1.6% decrease in July compared to the previous month. This data suggests ongoing shifts in the Canadian housing market landscape.
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