{"id":38934,"date":"2025-09-15T12:16:29","date_gmt":"2025-09-15T16:16:29","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=38934"},"modified":"2025-09-15T12:16:30","modified_gmt":"2025-09-15T16:16:30","slug":"crea-september-2025","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/crea-september-2025\/","title":{"rendered":"August Brings Another Step Forward for Canada\u2019s Housing Recovery: CREA"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Canada\u2019s housing market kept its recovery streak alive in August 2025. Buyers and sellers continued to return, with 40,257 homes changing hands\u2014a 1.9% increase from last year. It marked the fifth month in a row of growth, pushing national sales activity up 12.5% since March and reinforcing the sense that the market is steadily finding its balance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While the Greater Toronto Area posted a modest decline, momentum was driven by stronger results in <a href=\"https:\/\/www.zoocasa.com\/area-listings\/montreal-qc-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Montreal<\/a>,<a href=\"https:\/\/www.zoocasa.com\/vancouver-bc-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\"> Greater Vancouver<\/a>, and <a href=\"https:\/\/www.zoocasa.com\/ottawa-on-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Ottawa<\/a>, signaling a shift in leadership away from Canada\u2019s largest market. Sales activity continued its steady climb, new listings gave buyers more options, and prices held firm after earlier declines. All signs point to a housing market finding its rhythm again, easing the uncertainty that\u2019s defined the past few years for buyers and sellers alike.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Related: <a href=\"https:\/\/www.zoocasa.com\/blog\/toronto-condo-market-crashing\/\" target=\"_blank\" rel=\"noreferrer noopener\">Crash or Correction? The Truth About Toronto\u2019s Condo Market <\/a><\/strong><\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1400\" height=\"1944\" src=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/09\/CREA-august-2025.png\" alt=\"\" class=\"wp-image-38936\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/09\/CREA-august-2025.png 1400w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/09\/CREA-august-2025-216x300.png 216w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/09\/CREA-august-2025-737x1024.png 737w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/09\/CREA-august-2025-768x1066.png 768w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2025\/09\/CREA-august-2025-1106x1536.png 1106w\" sizes=\"auto, (max-width: 1400px) 100vw, 1400px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>New Listings Expand Buyer Choice<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Housing supply eased in August as seasonally-adjusted new listings increased 2.6% to 79,527. Because listings fell faster than sales, the sales-to-new listings ratio edged down slightly to 51.2% from 52% in July. This was the first decline since March but still comfortably within the balanced range of 45% to 65%, and close to the long-term average of 54.9%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At month\u2019s end, there were 195,453 active listings across Canadian MLS Systems, an 8.8% increase from a year earlier, aligning with typical seasonal levels. Regionally, the strongest supply growth came from Trois-Rivi\u00e8res CMA (32.7%), <a href=\"https:\/\/www.zoocasa.com\/hamilton-on-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Hamilton-<\/a><a href=\"https:\/\/www.zoocasa.com\/burlington-on-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Burlington<\/a> (20%), Montreal CMA (17.8%), and Saguenay (16.8%). On the other hand, Sherbrooke CMA saw an 11.9% decline, while several Prairie markets also posted decreases, highlighting uneven inventory growth across the country.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Related: <a href=\"https:\/\/www.zoocasa.com\/blog\/capital-gains-tax-in-canada\/\" target=\"_blank\" rel=\"noreferrer noopener\">Selling Your Home in Canada? Here\u2019s How Capital Gains Tax Works <\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Fraser Valley Market Loses Heat&nbsp;<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">National sales growth hid sharp differences across regions. <a href=\"https:\/\/www.zoocasa.com\/fraser-valley-f-bc-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Fraser Valley<\/a> saw the steepest decline in August, with sales dropping 13.% year-over-year, followed by <a href=\"https:\/\/www.zoocasa.com\/calgary-ab-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Calgary<\/a> (-11.7%) and <a href=\"https:\/\/www.zoocasa.com\/regina-sk-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Regina<\/a> (-5.9%). Meanwhile, other markets surged. Hamilton led the gains with a 21.5% increase, signaling renewed buyer interest in Southern Ontario, while <a href=\"https:\/\/www.zoocasa.com\/saint-john-nb-real-estate\" target=\"_blank\" rel=\"noreferrer noopener\">Saint John<\/a> rose 13.7%, highlighting the strength of Atlantic Canada\u2019s more affordable housing markets. These contrasting results show that affordability and supply continue to be the main forces shaping outcomes across the country.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Prices Hold Steady as Market Firms<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Prices stabilized further in August, signaling firmer conditions. The MLS Home Price Index (HPI) slipped just 0.1% month-over-month and was 3.4% below year-ago levels, though annual declines have narrowed steadily since the first quarter. Meanwhile, the national average sale price rose 1.8% year-over-year to $664,078. Inventory also tightened slightly, with 4.4 months of supply, the lowest since January and just below the long-term average of five months. These figures suggest a gradual firming in market conditions without triggering the rapid price gains of past cycles.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Related: <a href=\"https:\/\/www.zoocasa.com\/blog\/if-canadian-cities-were-zodiac-signs\/\" target=\"_blank\" rel=\"noreferrer noopener\">If Canadian Cities Were Zodiac Signs, Which Would They Be? <\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Momentum Builds Into Fall<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Looking ahead, market momentum could strengthen further. CREA\u2019s Senior Economist Shaun Cathcart noted, \u201cActivity has continued to gradually pick up steam over the last five months, but the experience from a year ago suggests that trend could accelerate this fall.\u201d Early September traditionally brings a surge of new listings, and this year followed that trend with a wave of properties hitting the market after Labour Day. If combined with a potential Bank of Canada rate cut, this influx of supply could draw more buyers back into the market, setting up a busier close to 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Curious what this could mean for your plans to buy and sell? A local agent can walk you through your options. <a href=\"https:\/\/www.zoocasa.com\/search\" target=\"_blank\" rel=\"noreferrer noopener\">Start your search today.<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s housing market kept its recovery streak alive in August 2025. Buyers and sellers continued to return, with 40,257 homes changing hands\u2014a 1.9% increase from last year. It marked the fifth month in a row of growth, pushing national sales activity up 12.5% since March and reinforcing the sense that the market is steadily finding [&hellip;]<\/p>\n","protected":false},"author":157,"featured_media":38935,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard"},"jnews_primary_category":[],"footnotes":""},"categories":[1114],"tags":[],"class_list":["post-38934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-affordability-reports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Step Forward for Canada\u2019s Housing Recovery: CREA<\/title>\n<meta name=\"description\" content=\"CREA reports stronger results in Montreal, Greater Vancouver, and Ottawa, despite dip in GTA sales in August 2025.\" \/>\n<meta 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