The group stated house gross sales final month totalled 37,504, down 6.9% from August 2025.
On a seasonally adjusted foundation, exercise fell 0.7% in contrast with July of this yr.
Total, gross sales exercise and worth tendencies had been largely unchanged for a fourth consecutive month, CREA senior economist Shaun Cathcart stated in a information launch.
“What has modified is the broader financial surroundings, with the Financial institution of Canada just lately warning of rising inflation dangers, together with doubts concerning the sturdiness of latest financial progress,” he stated.
“For debtors, fastened mortgage charges have already elevated on increased bond yields. In the meantime, on the variable fee facet, a fee hike isn’t solely again on the desk for this yr however already priced in by markets. This contemporary spherical of incoming headwinds is predicted to dampen the prospects for additional housing market momentum heading into 2027.”
Nationwide house gross sales worth sees a modest rise
The nationwide common sale worth of a house offered in August was $668,219, up 0.6% on a year-over-year foundation.
CREA’s house worth index, which goals to symbolize the sale of typical properties, was steady between July and August. The index was down 3% on a year-over-year foundation.
BMO senior economist Robert Kavcic stated the figures describe a “smooth” market by historic requirements however “not fully tapped out.”
“In fact, it actually depends upon what regional market you’re in,” he stated in a word, mentioning Canada’s largest markets — southern Ontario and far of B.C. — are nonetheless lagging.
“All in, that is nonetheless a really steady/flat/subdued market on the nationwide stage.”
New house listings up after three-month decline
CREA stated new listings in August had been up 3.3% month-over-month, ending a streak of three straight declines earlier in the summertime.
There have been just below 200,000 properties listed on the market throughout Canada on the finish of August, up 1.4% from a yr earlier and according to the long-term common for that point of yr.
The affiliation stated the uptick in stock was broad primarily based throughout Canada’s largest markets and most obvious towards the top of the month, suggesting sellers hoped to get an early begin to the autumn market.
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