By Sammy Hudes
The affiliation mentioned there have been 40,257 dwelling gross sales throughout the nation final month, up 1.9% from 39,522 in August 2024.
House gross sales additionally rose 1.1% on a month-over-month foundation, marking the fifth straight month-to-month improve. Transactions have risen a cumulative 12.5% since March.
Not like in current months when beneficial properties have been led overwhelmingly by the Better Toronto Space, gross sales in that area have been down barely month-over-month in August. However the affiliation mentioned this was greater than offset by larger gross sales in Montreal, Better Vancouver and Ottawa.
CREA senior economist Shaun Cathcart mentioned the upward pattern in exercise might speed up this fall because the season often brings a surge of recent provide.
“A part of what drives gross sales at totally different factors within the 12 months is the provision of a variety of contemporary property listings for consumers to purchase. For the autumn market, that at all times occurs proper in the beginning of September, and this 12 months was no exception,” he mentioned in a press launch.
“If final 12 months is any type of information, then there’s the potential that gross sales might actually choose up within the subsequent month or so relying on what number of consumers are drawn off the sidelines, notably if we see a September charge minimize by the Financial institution of Canada.”
The central financial institution is ready to announce its newest rate of interest determination on Wednesday. Monetary markets count on the Financial institution of Canada to chop its coverage charge by 1 / 4 level to 2.5%, ending a streak of three consecutive holds.
There’s been “muted momentum” as of late in Atlantic Canada, mentioned Halifax-based dealer Matt Honsberger, who famous the area skilled a downturn earlier within the 12 months because of uncertainty associated to tariffs.
Honsberger, president and proprietor of Royal LePage Atlantic, referred to the Maritime housing market as a “kiddie-coaster” when put next with the bigger swings of Toronto’s roller-coaster market. He mentioned Atlantic Canada has seen “a lot much less vital” ups and downs from the U.S.-Canada commerce battle.
“We have been in fact affected by tariffs. Folks simply develop into unsure and if you’re unsure you don’t make an enormous buy, so we positively anticipated a busier spring than we acquired,” mentioned Honsberger.
“However at this level within the 12 months given all the pieces that’s gone on, to be barely forward of the place we have been this time final 12 months when it comes to the variety of trades, I believe we’ll all take it. Hopefully we’ll proceed to construct momentum into subsequent 12 months as folks get increasingly more comfy with the geopolitical surroundings.”
CREA mentioned new listings have been up 2.6% month-over-month nationally in August. There have been 195,453 properties listed on the market throughout Canada on the finish of August, up 8.8% from a 12 months earlier.
The precise nationwide common sale worth of a house offered in August was $664,078, up 1.8% from a 12 months in the past.
CREA’s own residence worth index, which goals to signify the sale of typical houses, ticked 0.1 per cent decrease between July and August 2025.
TD economist Rishi Sondhi mentioned bettering demand ought to contribute to continued progress of common dwelling costs.
He mentioned provide and demand circumstances are nonetheless “comparatively tight” throughout a number of provinces.
“In distinction, market balances favour consumers in B.C. and Ontario,” Sondhi mentioned in a word.
“Nonetheless, common dwelling costs in these markets have been lifted by the outperformance of dearer housing in current months, and we assume this pattern will proceed in coming months.”
Honsberger mentioned regardless of renewed demand, it’s vital that sellers worth their properties appropriately because the market isn’t but seeing all-out bidding wars.
“What we’re listening to from purchasers is that sellers nonetheless need to doubtlessly overprice their property slightly bit and consumers are simply saying, ‘I’m not . I’ll simply wait it out,’” he mentioned.
“It’s nonetheless a wholesome market … When you put it on on the proper worth now, it is best to count on some degree of exercise, and it is best to in all probability count on to promote it in an inexpensive period of time.”
Visited 583 occasions, 583 go to(s) at present
Dashboard financial information financial indicators dwelling costs dwelling gross sales actual property actual property market sammy hudes shaun cathcart The Canadian Press
Final modified: September 15, 2025
