Monday, October 6, 2025

Canadian Home Sales Down For Third Straight Month in June

Home sales across Canada slumped for the third consecutive month in June, as the real estate market cooled off from the historically accelerated pace that started at the beginning of the year.

According to the Canadian Real Estate Association, home sales across the country fell 8.4% in June, marking a significant slowdown since real estate activity hit a record-high peak in March. Despite the decline, however, housing sales are still up 13.6% from year-ago levels, and June’s transactions still hit a new high for that month.

Home prices also slowed from their record-breaking growth that began in January. The MLS Home Price Index increased only 0.9% in June, with the decelerating trend being primarily noted across the single-family housing sector. The national average home price stood at around $679,000, which is 25.9% higher from June 2020.

The number of newly listed homes declined a modest 0.7% last month, while the national sales-to-new listings ratio slumped to 69.2% in June— the lowest since August of last year. CREA reported that there was 2.3 months worth of inventory across the country at the end of June, which is up from the 2.1 months of inventory in the previous month.


Information for this briefing was found via the CREA. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

Toronto Housing Market Slumps From Record Highs in July

Canada’s largest housing market is beginning to show signs of cooling off, as sales levels...

Friday, August 6, 2021, 11:19:00 AM

Canadian Housing Starts Continue on Positive Trend for 2 Consecutive Months Despite Pandemic

It appears that various sectors of Canada’s economy are showing signs of a rebound following...

Tuesday, August 11, 2020, 07:33:07 PM

Canadian Housing Starts Slump in August as Construction Continues to Slow

The pace of housing starts across Canada slowed in August, as new construction continues to...

Friday, September 17, 2021, 02:42:00 PM

Lumber Prices Soar 250% as Pandemic Pushes Home-Building Higher

Lumber prices have surged by almost 250% since April 2020, significantly threatening housing affordability across...

Saturday, May 1, 2021, 05:01:00 PM

Colliers Canada Survey Reveals 16% of Commercial Tenants Were Unable to Pay May Rent

Colliers International, a Canadian-based global commercial real estate organization, has released recent data regarding the...

Tuesday, June 9, 2020, 05:12:00 PM