By Sammy Hudes
Last month, 40,257 home sales nationwide were sold, up from 39,522 in August 2024.
Home sales also grew 1.1% per month, marking the fifth consecutive monthly increase. Trading has risen 12.5% since March.
Unlike most of the Toronto area’s revenues in recent months, sales in the region fell by a month in August. But the association said it was offset by higher sales in Montreal, Greater Vancouver and Ottawa.
CREA senior economist Shaun Cathcart said the upward trend in activity could accelerate as this season often brings new supply surges.
“Part of the reason for sales in the year is to buy a lot of fresh property listings for buyers to buy. For the fall market, this always happens in early September, and this year is no exception,” he said in the release.
“If last year was any kind of guide, then there is potential for the next month or so, depending on the scenarios that attract how many buyers are, especially if we see Canadian banks cut their tax rates in September.”
The central bank is scheduled to announce its latest interest rate decision on Wednesday. Financial markets expect Canadian banks to lower their policy interest rates by 2.5%, ending their three consecutive wins.
New listings for August grew 2.6% per month, Crea said. At the end of August, 195,453 properties were listed in Canada, an increase of 8.8% from the same period last year.
The actual national average selling price of homes for sale in August was $664,078, up 1.8% from the same period last year.
CREA’s own home price index is designed to represent sales of typical homes, down 0.1% between July and August 2025
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Dashboard Economic Data Economic Indicators House Prices House Sales Real Estate Real Estate Market Sammy Hudes Shaun Cathcart Canadian Press
Last modified: September 15, 2025
