CREA cuts 2025 forecast again but says home sales are rebounding from ‘chaotic start’

by Fergal Smith

Canadian home sales rose 2.8 per cent June from May, while the national average selling price was down 1.3 per cent on the year.

For the second time this year, the Canadian Real Estate Association has downgraded its forecast for home sales in 2025, even as it reported the number of homes changing hands across the country in June rose 3.5 per cent compared with a year ago.

The association said Canadian home sales last month also increased 2.8 per cent compared with May on a seasonally adjusted basis.

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