🏠 Canadian Housing Market Highlights – June 2025

📈 Sales & Listings

• National home sales rose by 2.8% month‑over‑month in June, continuing a rebound following May’s 3.5% increase stats.crea.ca+1CREA Statistics+1.

• Sales were up 3.5% year‑over‑year (actual, not seasonally adjusted) from June 2024 CREA+2stats.crea.ca+2CREA Statistics+2.

• New listings declined by 2.9% compared with May en.wikipedia.org+11stats.crea.ca+11CREA Statistics+11.

📊 Market Balance & Inventory

• With sales up and listings down, the sales-to-new-listings ratio rose to 50.1%, improving from May’s 47.3%. The long-term balanced-market average is 54.9%, suggesting markets are close to equilibrium stats.crea.ca+1CREA Statistics+1.

• There were 206,435 active listings at end‑June, an 11.4% increase year‑over‑year, yet still just 1% below the long-term average for this time of year stats.crea.ca+1CREA Statistics+1.

• Months of inventory nationally stood at about 4.7, slightly below the long‑term average of 5 months—indicating neither a strong seller’s nor buyer’s market overall CREA+3stats.crea.ca+3CREA Statistics+3.

💰 Prices & Trends

• The MLS® Home Price Index (HPI) was nearly flat, dipping only 0.2% from May to June, and was down 3.7% year‑over‑year CREA Statistics+9stats.crea.ca+9CREA Statistics+9.

• The national average sale price in June stood at $691,643, a 1.3% decrease from June 2024 CREA Statistics+2stats.crea.ca+2CREA Statistics+2.

🧭 Regional Activity & Forecast

• Growth over the past two months has been led by the Greater Toronto Area, where sales are up around 17.3% since April, though still historically low overall stats.crea.ca+1CREA Statistics+1.

• CREA officials noted that the rebound in activity may have been delayed rather than derailed—though external risks like tariffs still pose downside risk mortgagedesigns.ca+2stats.crea.ca+2CREA+2.

🔍 Commentary & Outlook

• Market appears to be stabilizing: June’s data closely mirrors May’s recovery patterns—steady sales and little change in prices.

• Balanced conditions: With the sales-to-new-links ratio nearing balanced territory and inventory just under the norm, neither buyer nor seller conditions dominate nationwide.

• Cautiously optimistic: CREA suggests pent-up demand, modest interest‑rate relief, and economic resilience could support a summer–fall resurgence—unless further shocks like trade or tariff escalations emerge stats.crea.ca+1CREA Statistics+1.

📅 What’s Next?

• CREA’s next national stats release is scheduled for August 15, 2025 CREA+2stats.crea.ca+2CREA Statistics+2.

• Its quarterly forecast update will appear on October 15, 2025 CREA.