{"id":25979,"date":"2025-06-23T10:10:59","date_gmt":"2025-06-23T17:10:59","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=25979"},"modified":"2025-06-16T09:22:49","modified_gmt":"2025-06-16T16:22:49","slug":"crea-national-activity-up-m-m-while-prices-hold-steady-in-may","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2025\/06\/crea-national-activity-up-m-m-while-prices-hold-steady-in-may\/","title":{"rendered":"CREA National Activity Up M\/M, While Prices Hold Steady in May"},"content":{"rendered":"<p style=\"text-align: justify;\">Ottawa, ON June 16, 2025 \u2013 The number of home sales recorded over Canadian MLS\u00ae Systems climbed 3.6% between April and May 2025, marking the first gain in activity since last November.<\/p>\n<p style=\"text-align: justify;\">The monthly increase was led by the Greater Toronto Area (GTA), Calgary, and Ottawa.<\/p>\n<p style=\"text-align: justify;\">\u201cMay 2025 not only saw home sales move higher at the national level for the first time in more than six months, but prices at the national level also stopped falling,\u201d said Shaun Cathcart, CREA\u2019s Senior Economist. \u201cIt\u2019s only one month of data, and one car doesn\u2019t make a parade, but there is a sense that maybe the expected turnaround in housing activity this year was just delayed for a few months by the initial tariff chaos and uncertainty.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>May Highlights :<\/strong><\/p>\n<p style=\"text-align: justify;\"><em>\u2022 National home sales were up 3.6% month-over-month.<\/em><br \/>\n<em>\u2022 Actual (not seasonally adjusted) monthly activity came in 4.3% below May 2024.<\/em><br \/>\n<em>\u2022 The number of newly listed properties rose 3.1% on a month-over-month basis.<\/em><br \/>\n<em>\u2022 The MLS\u00ae Home Price Index (HPI) was almost unchanged (-0.2%) month-over-month and was down 3.5% on a year-over-year basis.<\/em><br \/>\n<em>\u2022 The actual (not seasonally adjusted) national average sale price was down 1.8% on a year-over-year basis.<\/em><\/p>\n<p style=\"text-align: justify;\">New supply rose by 3.1% month-over-month in May. Given a similar increase in sales activity, the national sales-to-new listings ratio was 47%, almost unchanged from 46.8% in April. The long-term average for the national sales-to-new listings ratio is 54.9%, with readings between 45% and 65% generally consistent with balanced housing market conditions.<\/p>\n<p style=\"text-align: justify;\">There were 201,880 properties listed for sale on all Canadian MLS\u00ae Systems at the end of May 2025, up 13.2% from a year earlier but remaining about 5% below the long-term average of around 211,500 listings for the month.<\/p>\n<p style=\"text-align: justify;\">\u201cMay saw an increased number of new listings hitting the market early in the month, followed by a higher number of transactions in the second half of the month, so overall more sellers and buyers compared to April,\u201d said Val\u00e9rie Paquin, CREA Chair. \u201cIt seems like this may carry over into June as well. If you\u2019re looking to buy or sell a property heading into the second half 2025, you\u2019ll need to understand how national trends are or are not playing out locally, so contact a REALTOR\u00ae in your area today.\u201d<\/p>\n<p style=\"text-align: justify;\">There were 4.9 months of inventory on a national basis at the end of May 2025, near the long-term average of five months of inventory. Based on one standard deviation above and below that long-term average, a seller\u2019s market would be below 3.6 months and a buyer\u2019s market would be above 6.4 months.<\/p>\n<p style=\"text-align: justify;\">The National Composite MLS\u00ae Home Price Index (HPI) was relatively unchanged (-0.2%) from April to May 2025. The pause follows on the heels of three straight month-over- month declines of closer to 1%. The non-seasonally adjusted National Composite MLS\u00ae HPI was down 3.5% compared to May 2024.<\/p>\n<p style=\"text-align: justify;\">The non-seasonally adjusted national average home price was $691,299 in May 2025, down 1.8% from May 2024.<\/p>\n<p><a href=\"https:\/\/stats.crea.ca\/en-CA\/\" target=\"_blank\" rel=\"noopener\">Canadian Home Sales Rise While Prices Hold Steady in May<\/a> by CREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ottawa, ON June 16, 2025 \u2013 The number of home sales recorded over Canadian MLS\u00ae Systems climbed 3.6% between April and May 2025, marking the first gain in activity since &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2025\/06\/crea-national-activity-up-m-m-while-prices-hold-steady-in-may\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-25979","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CREA National Activity Up M\/M, While Prices Hold Steady in May &#8226; 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