In July, Canadian home sales declined compared to the previous year but showed a slight increase from the previous month, as reported by the Canadian Real Estate Association (CREA). Total home sales for the month reached 43,578, marking a 5.3% decrease year over year. However, when seasonally adjusted, activity rose by 0.5% compared to June 2026.
CREA’s senior economist, Shaun Cathcart, noted that beneath the national headline figures, real estate markets across the country are generally moving towards a more balanced state. The average sale price of a home in July was $674,819, reflecting a modest 0.2% increase from the previous year.
New listings in July experienced a 1.6% decrease compared to the previous month, according to CREA’s data.