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

06:07 AM EST, 11/17/2025 (MT Newswires) -- The Canadian Real Estate Association (CREA) on Monday released statistics on the country's home sales for October.

In summary: National home sales climbed 0.9% month-over-month; Actual (not seasonally adjusted) monthly activity came in 4.3% below October 2024; The number of newly listed properties declined 1.4% on a month-over-month basis; The MLS Home Price Index (HPI) edged up 0.2% month-over-month but was down 3% on a year-over-year basis; The actual (not seasonally adjusted) national average sale price was down 1.1% on a year-over-year basis.

There were 189,000 properties listed for sale on all Canadian MLS Systems at the end of October, up 7.2% from a year earlier but very close to 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 October, basically unchanged from July, August and September and 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 non-seasonally adjusted national average home price was $690,195 in October, down 1.1% from October 2024, added CREA.

"With interest rates now almost in stimulative territory, housing markets are expected to continue to become more active heading into 2026, although this is likely to be tempered by ongoing economic uncertainty," noted Shaun Cathcart, CREA's Senior Economist, in the statement.

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