The Canadian Real Estate Association says home sales in July rose 6.6 per cent compared with a year ago, continuing an upward trend after the market had slowed in previous months.
A total of 45,973 homes changed hands last month, up from 43,122 in July 2024.
Home sales rose 3.8 per cent on a month-over-month basis from June, with transactions up a cumulative 11.2 per cent since March.
"With sales posting a fourth consecutive increase in July, and almost four per cent at that, the long-anticipated post-inflation crisis pickup in housing seems to have finally arrived,” said CREA senior economist Shaun Cathcart in a press release.
“Looking ahead a little bit, it will be interesting to see how buyers react to the burst of new supply that typically shows up in the first half of September."
The association said the bump in sales activity was led overwhelmingly by the Greater Toronto Area, where transactions have now rebounded a cumulative 35.5 per cent since March.
Meanwhile, new listings were up 0.1 per cent month-over-month.
There were 202,500 properties listed for sale across Canada at the end of July, up 10.1 per cent from a year earlier and in line with the long-term average for that time of the year.
The actual national average sale price of a home sold in July was $672,784, up 0.6 per cent from a year ago.
CREA's own home price index, which aims to represent the sale of typical homes, was unchanged between June and July 2025.
This report by The Canadian Press was first published Aug. 15, 2025.
Sammy Hudes, The Canadian Press
