Ottawa, ON – June 16, 2025
Canadian home sales rose 3.6% in May 2025 over April, marking the first monthly increase since November 2024. Gains were primarily driven by markets in the Greater Toronto Area, Calgary, and Ottawa.
Key Stats – May 2025:
Home Sales: Up 3.6% month-over-month
New Listings: Up 3.1% month-over-month
MLS® HPI: Down slightly by 0.2% from April; down 3.5% year-over-year
Average Sale Price: $691,299 (down 1.8% YoY)
Sales-to-New Listings Ratio: 47% (near balanced market)
Inventory: 4.9 months (aligned with long-term average)
Total Active Listings: 201,880 (13.2% higher than last year but 5% below the norm)