Canada's Canada Home Price Index Lower on The Month, Year, Says CREA

07:11 AM EDT, 09/15/2025 (MT Newswires) -- The Canadian Real Estate Association (CREA) on Monday released statistics on the country's home sales for August.

In summary: National home sales were up 1.1% month-over-month; Actual (not seasonally adjusted) monthly activity came in 1.9% above August 2024; The number of newly listed properties climbed 2.6% on a month-over-month basis; The MLS Home Price Index (HPI) was little changed (-0.1%) month-over-month and was down 3.4% on a year-over-year basis; The actual (not seasonally adjusted) national average sale price rose 1.8% on a year-over-year basis.

There were 195,453 properties listed for sale on all Canadian MLS Systems at the end of August, up 8.8% from a year earlier but right in line with the long-term average for that time of the year, noted CREA in a statement.

There were 4.4 months of inventory on a national basis at the end of August, the lowest level since January. The long-term average for this measure of market balance is five months of inventory. Based on one standard deviation above and below that long-term average, a seller's market would be below 3.6 months and a buyer's market would be above 6.4 months.

The National Composite MLS HPI was again almost unchanged (-0.1%) between July and August 2025, it added. Following declines in Q1 of the year, the national benchmark price has been mostly stable since April.

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