{"id":26435,"date":"2025-09-16T10:10:22","date_gmt":"2025-09-16T17:10:22","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=26435"},"modified":"2025-09-16T08:27:17","modified_gmt":"2025-09-16T15:27:17","slug":"national-housing-market-recorded-the-most-sales-for-august-in-4-years","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2025\/09\/national-housing-market-recorded-the-most-sales-for-august-in-4-years\/","title":{"rendered":"National Housing Market Recorded The Most Sales for August in 4-Years"},"content":{"rendered":"<p style=\"text-align: justify;\">Ottawa, ON September 15, 2025 \u2013 The number of home sales recorded over Canadian MLS\u00ae Systems edged up 1.1% on a month-over-month basis in August 2025. It was the best month of August for sales since 2021, and the fifth straight monthly increase in activity, making for a cumulative 12.5% since March.<\/p>\n<p style=\"text-align: justify;\">Unlike in recent months, when gains were led overwhelmingly by the Greater Toronto Area (GTA), sales in the GTA were down slightly in August, but this was more than offset by higher sales in Montreal, Greater Vancouver and Ottawa.<\/p>\n<p style=\"text-align: justify;\">\u201cActivity has continued to gradually pick up steam over the last five months, but the experience from a year ago suggests that trend could accelerate this fall,\u201d said Shaun Cathcart, CREA\u2019s Senior Economist. \u201cPart of what drives sales at different points in the year is the availability of a lot of fresh property listings for buyers to buy. For the fall market, that always happens right at the beginning of September, and this year was no exception. If last year is any kind of guide, then there is the potential that sales could really pick up in the next month or so depending on how many buyers are drawn off the sidelines, particularly if we see a September rate cut by the Bank of Canada.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>August Highlights :<\/strong><\/p>\n<p style=\"text-align: justify;\"><em>\u2022 National home sales were up 1.1% month-over-month.<\/em><br \/>\n<em>\u2022 Actual (not seasonally adjusted) monthly activity came in 1.9% above August 2024.<\/em><br \/>\n<em>\u2022 The number of newly listed properties climbed 2.6% on a month-over-month basis.<\/em><br \/>\n<em>\u2022 The MLS\u00ae Home Price Index (HPI) was little changed (-0.1%) month-over-month and was down 3.4% on a year-over-year basis.<\/em><br \/>\n<em>\u2022 The actual (not seasonally adjusted) national average sale price rose 1.8% on a year-over-year basis.<\/em><\/p>\n<p style=\"text-align: justify;\">New supply rose 2.6% month-over-month in August. With the increase in new listings outpacing the increase in sales in August, the sales-to-new listings ratio eased for the first time since March, falling to 51.2% compared to 52% in July. The long-term average for the national sales-to-new listings ratio is 54.9%, with readings roughly between 45% and 65% generally consistent with balanced housing market conditions.<\/p>\n<p style=\"text-align: justify;\">There were 195,453 properties listed for sale on all Canadian MLS\u00ae Systems at the end of August 2025, up 8.8% from a year earlier but right in line with the long-term average for that time of the year.<\/p>\n<p style=\"text-align: justify;\">\u201cAugust continued the trend of rising sales in many markets across the country, and while momentum slowed compared to July, much of that is simply a reflection of the time of year,\u201d said Val\u00e9rie Paquin, CREA Chair. \u201cNow that we are on the other side of Labour Day, new listings are flooding onto the market. If you\u2019re looking to sell a property this fall, or are hoping to purchase one, reach out to a REALTOR\u00ae in your area today.\u201d<\/p>\n<p style=\"text-align: justify;\">There were 4.4 months of inventory on a national basis at the end of August 2025, 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\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 again almost unchanged (-0.1%) between July and August 2025. Following declines in the first quarter of the year, the national benchmark price has been mostly stable since April.<\/p>\n<p style=\"text-align: justify;\">The non-seasonally adjusted National Composite MLS\u00ae HPI was down 3.4% compared to August 2024. Based on the extent to which prices fell off beginning in the fall of 2024, look for year-over-year declines to continue to shrink in the months ahead.<\/p>\n<p style=\"text-align: justify;\">The non-seasonally adjusted national average home price was $664,078 in August 2025, up 1.8% from August 2024.<\/p>\n<p><a href=\"https:\/\/stats.crea.ca\/en-CA\/\" target=\"_blank\" rel=\"noopener\">Canadian Home Sales Post Best August in Four Years<\/a> by CREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ottawa, ON September 15, 2025 \u2013 The number of home sales recorded over Canadian MLS\u00ae Systems edged up 1.1% on a month-over-month basis in August 2025. It was the best &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2025\/09\/national-housing-market-recorded-the-most-sales-for-august-in-4-years\/\">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-26435","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>National Housing Market Recorded The Most Sales for August in 4-Years &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2025\/09\/national-housing-market-recorded-the-most-sales-for-august-in-4-years\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"National Housing Market Recorded The Most Sales for August in 4-Years &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Ottawa, ON September 15, 2025 \u2013 The number of home sales recorded over Canadian MLS\u00ae Systems edged up 1.1% on a month-over-month basis in August 2025. 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