Toronto/CMEDIA: Marking reportedly a six monthly gains in the number of home sales recorded over Canadian MLS® Systems in the last seven months edged up 0.9% on a month-over-month basis in Oct 2025.
“After a brief pause in September, home sales across Canada picked back up again in October, rejoining the trend in place since April,” said Shaun Cathcart, The Canadian Real Estate Association (CREA)’s Senior Economist. “With interest rates now almost in stimulative territory, housing markets are expected to continue to become more active heading into 2026, although this is likely to be tempered by ongoing economic uncertainty.”
While sales boosts in B.C., Alberta and Quebec was led by the increase in month-over-month activity, Ontario, Saskatchewan and Manitoba experienced sales dip, noted TD economist Rishi Sondhi.
He said the “recovery narrative” dominating Canadian housing discourse remains firmly intact… sales levels are still relatively low,” Sondhi said in a note.“Moving forward, we see sales continuing to grind higher, supported by pent-up demand, and some improvement in job markets next year.”
With a decline of 1.4% month-over-month in the new supply the number of properties listed for sale at the end of October 2025 were 7189,000 up 7.2% from a year earlier
“As we head into the quiet winter season, we continue to see clues that underlying demand for housing is picking up steam,” said Valérie Paquin, CREA Chair. “All eyes will be on next year’s spring market to see if all that pent-up demand will finally come off the sidelines in a big way. If you want to be a part of that 2026 market, contact a local REALTOR® and start planning today.”
Between Sep and Oct, the National Composite Home Price Index (HPI) edged up 0.2% compared to Oct 2024
The non-seasonally adjusted national average home price was $690,195 in Oct 2025, down 1.1% from October 2024.
