In July, the Canadian Real Estate Association (CREA) reported a decrease in home sales compared to the previous year, but a slight increase from the previous month. The total number of home sales for the month was 43,578, marking a 5.3% decline year-over-year. However, on a seasonally adjusted basis, 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 trending towards a more balanced state. The average selling price of a home in July was $674,819, showing a 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 analysis.