Home sales in Canada increased 2.8% on a monthly basis in June 2025, building on the 3.5% gain recorded in May, according to CREA.

The Greater Toronto Area led the recovery in sales activity where transactions, while remaining historically low, have rebounded a cumulative 17.3% since April.

Shaun Cathcart, CREA’s Senior Economist, said: “At the national level, June was pretty close to a carbon copy of May, with sales up about 3% on a month-over-month basis and prices once again holding steady.

“It’s another month of data suggesting the anticipated rebound in Canadian housing markets may have only been delayed by a few months, following a chaotic start to the year; although with the latest 35% tariff threat, we’re not out of the woods yet.”

New supply declined by 2.9% in June, with sales up and new listings down, the national sales-to-new-listings ratio rose to 50.1%, up from 47.3% in May. The long-term average for the national sales-to-new listings ratio is 54.9%, with readings between 45% and 65% generally consistent with balanced housing market conditions.

There were 206,435 properties listed for sale on Canadian MLS® Systems at the end of June 2025, up 11.4% year-over-year and just 1% below the long-term average for that time of the year.

Valérie Paquin, CREA Chair, said: “Most housing markets continued to turn a corner in June, although market conditions still vary considerably depending on where you are in Canada.”