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Canadian Home Sales Rise 2.8% in June
CANADA, JUL 15 – CREA forecasts a 3% decline in 2025 home sales to 469,503 units due to economic uncertainty but expects a 6.3% rebound in 2026 as markets recover from tariff impacts.
- Canadian home sales increased by 2.8% in June compared to May on a seasonally adjusted basis, as reported by the Canadian Real Estate Association .
- The CREA indicated that home sales in June rose 3.5% compared to last year, showing signs of recovery in the housing market.
- Despite a recovery, the CREA downgraded its home sales forecast for 2025 for the second time this year.
- June’s national average sale price decreased by 1.3% from the previous year to $691,643.
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‘A downturn that is really starting to wreak havoc:’ New condo sales in GTHA continue decline as developers cancel more projects
The Greater Toronto and Hamilton Area new condominium market saw just 502 sales in the last quarter, prompting one real estate analysis firm to speak out about what it says is a “downturn that is really starting to wreak havoc.”
·Canada
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Coverage Details
Total News Sources43
Leaning Left19Leaning Right1Center9Last UpdatedBias Distribution66% Left
Bias Distribution
- 66% of the sources lean Left
66% Left
L 66%
C 31%
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