CREA Says Canada's December Home Price Index Lower on The Month, Year; Sees Higer Sales Into Spring

06:44 AM EST, 01/15/2026 (MT Newswires) -- The Canadian Real Estate Association (CREA) on Tuesday released statistics on the country's home sales for December.

In summary: National home sales declined 2.7% month -over-month; actual (not seasonally adjusted) monthly activity came in 4.5% below December 2024; the number of newly listed properties dropped 2% on a month-over-month basis; the MLS Home Price Index (HPI) dipped 0.3% month-over-month and was down 4% on a year-over-year basis; The actual (not seasonally adjusted) national average sale price was virtually unchanged ( -0.1%) on a year-over-year basis.

There were 133,495 properties listed for sale on all Canadian MLS Systems at the end of December 2025, up 7.4% from a year earlier but 9.9% below the long -term average for that time of year, noted CREA in a statement.

There were 4.5 months of inventory on a national basis at the end of December 2025, up slightly from 4.4 months where the measure had been since August. The long-term average for this measure of market balance is five months of inventory. Based on the measure of 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 $673,335 in December 2025, virtually unchanged (-0.1%) from the prior December, added CREA.

"We continue to expect sales to move higher again as we get closer to the spring, rejoining the upward trend that was observed throughout the spring, summer, and early fall of last year," according to Shaun Cathcart, CREA's senior economist.

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