The sale of Canadian home increased by 3.8%in July, because prices remained stable

This year, Canadian housing sale rose by 3.8 percent in July for the fourth consecutive month, because house prices throughout the country remained stable.

According to the Canadian Real Estate Association (CREA) there were 40,228 sales after removing seasonal influences. That has risen from 3.8 percent compared to 38,737 turnover in June.

The increase in sales in July was again overwhelming by the Greater Toronto area, where transactions for home sales, although still historically low, have recovered a cumulative 35.5 percent since March, Crea said.

In July Ontario saw the largest increase in turnover, with 14,464 houses sold on a seasonal basis, an increase of 7.7 percent of 13,479 per month earlier.

Crea senior economist Shaun Cathcart said that the increase in sales in the past four months can be a signal that the long-awaited pick-up in the sale after the inflation crisis has finally arrived.

“Looking a bit ahead, it will be interesting to see how buyers react to the eruption of new offer that usually appears in the first half of September,” he said in a release on Friday.

There were 202,500 property mentioned at the end of July 2025 for sale, an increase of 10.1 percent compared to a year earlier, according to Crea. That is in line with the long -term average before that time of year, the association said in its report.

At the same time, the national average house price (non-seasonal adjusted) was $ 672,784 in July, only 0.6 percent higher than A year before.

“The activity continues to collect the transition from spring to the summer market, which is the opposite of a normal year, but this has not been a normal year,” said Crea chairman Valérie Paquin in a release.

“We usually see an eruption of new offers at the beginning of September to start the autumn market, but it seems that buyers are returning to the market more and more.”