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National Statistics

Canadian Home Sales Showing Signs of Stabilization in June

Ottawa, ON, July 14, 2023 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up again on a month-over-month basis in May 2023.

Highlights:

  • National home sales edged up 1.5% month-over-month in June.
  • Actual (not seasonally adjusted) monthly activity came in 4.7% above June 2022.
  • The number of newly listed properties rose 5.9% month-over-month.
  • The MLS® Home Price Index (HPI) climbed 2% month-over-month but was still down 4.5% year-over-year.
  • The actual (not seasonally adjusted) national average sale price posted a 6.7% year-over-year increase in June.
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MONTHLY HOUSING MARKET REPORT