The Canadian Real Estate Association says it expects national home sales to rebound leading up to this year’s spring market after activity slowed to wrap up 2025.
The number of residential properties that changed hands across Canada in December was 4.5% lower than the same month a year earlier, as home sales also declined 2.7% on a seasonally adjusted basis from November.
Overall, there were 470,314 transactions in 2025, a decrease of 1.9% from 2024, which the association attributed in part to a “tariff-induced flight of buyers back to the sidelines” in the first quarter of the year, which was later followed by a mid-year rally and a stall to cap off the year.
The national average sale price of a home in December was $673,335, which was just 0.1% lower than December 2024.
The association says new listings were down 2% month-over-month, marking the fourth straight monthly drop.
There were 133,495 properties listed for sale across Canada at the end of December, up 7.4% from a year earlier but 9.9% below the long-term average for that time of the year.