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National home sales last month were 42,068, down 4.3% from October 2024.
But home sales rose 0.9% month-on-month, the sixth such increase in the past seven months.
“After a brief pause in September, home sales across Canada picked up again in October, rejoining a trend seen since April,” CREA senior economist Shaun Cathcart said in a release.
“With interest rates currently at almost stimulus levels, the housing market is expected to continue to become more active into 2026, although this may be tempered by ongoing economic uncertainty.”
TD economist Rishi Sondhi noted that higher sequential activity was driven by higher sales in British Columbia, Alberta and Quebec, while sales declined in Ontario, Saskatchewan and Manitoba.
He said the “recovery narrative” that dominates Canada’s housing discussion remains intact.
“That said, sales levels remain relatively low, so we would hardly call the recovery strong,” Sandy said in a note.
“Looking ahead, we see sales continuing to move higher on the back of pent-up demand and some improvement in the job market next year.”
The actual national average sales price of homes in October was $690,195, down 1.1% year-over-year.
CREA’s own house price index, which is designed to represent sales of a typical home, edged up 0.2% between September and October 2025, but was down 3% year-on-year.
“This improving demand backdrop, supported by a tight supply-demand balance across much of the country, should keep Canada’s average home price positive,” Sondhi said.
“In contrast, the market balance favors buyers in British Columbia and Ontario, which should dampen price growth in those markets in the coming months.”
The association said the number of new listings fell 1.4% month-on-month.
As of the end of October, there were 189,000 properties for sale across Canada, a year-over-year increase of 7.2%.
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Canadian Real Estate Association crea Dashboard Economic Data Economic Indicators House Price Data Home Sales Real Estate Market Sean Cathcart The Canadian Press
Last modified: November 17, 2025
