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Canada’s housing market gained momentum in June with a second month of rising sales and prices stabilizing nationally. CREA’s latest figures reveal very different stories across the country, as Coldwell Banker Canada notes strong Prairie and Atlantic markets while parts of Ontario continue to lag.
In June 2025, national home sales rose for the second month in a row as more buyers returned to the market. The Canadian Real Estate Association reports that home sales recorded through MLS climbed 2.8% in June compared to May. That followed a 3.5% gain in May, marking two straight months of recovery after a sluggish spring. Compared with June 2024, sales were up 3.5%, the first year-over-year increase in many months and a clear sign that the market is moving in a healthier direction.
Highlights for June 2025 across Canada:
- Home sales rose 2.8% over May and were up 3.5% compared with last June.
- New listings fell 2.9%, which tightened supply.
- The MLS Home Price Index slipped only 0.2% from May and was down 3.7% from a year ago, the smallest decline in months.
- The average home price was $691,643 in June, down 1.3% from last year.
- Inventory stood at just over 206,000 homes, equal to 4.7 months of supply, which is about 11% more than a year ago.
CREA’s Senior Economist, Shaun Cathcart, described June as “pretty close to a carbon copy of May,” with sales up about 3% month over month and prices holding steady.
Karim Kennedy, Chief Executive Officer of Coldwell Banker Canada, says these numbers match what his teams are seeing on the ground. “This is the type of market where experience really matters. Canadians are returning to real estate with caution, and they are looking for expert local guidance. Our agents are seeing that shift every day,” he explained, emphasizing the importance of regional insight.
Regional trends tell very different stories
National statistics can hide sharp differences between regions. Ontario, particularly Southern Ontario and the Greater Toronto Area, is only slowly recovering. Sales in the GTA have increased 17.3% since April as buyers who waited through the spring begin to re-enter the market. Even with that momentum, large inventories and affordability challenges are putting light downward pressure on prices. Benchmark prices in Guelph, Niagara and London slipped between 1% and 2.5% in June compared with May. Toronto’s benchmark price fell by almost 1% in June. These are markets that saw very steep price increases during the pandemic and are now adjusting to more normal levels, creating opportunities for patient buyers.
Markets in the Prairies, Quebec and Atlantic Canada are telling a very different story. Property values in Saskatchewan, Manitoba, Quebec and much of Atlantic Canada remain resilient because supply is tighter and demand is still strong. Saskatchewan’s market is a standout performer. Home sales in the province reached 1,768 units in June, the third-highest June on record and 6% higher than a year ago. Prices there are at record levels, with the benchmark price hitting $370,700 in June, about 8% higher than last year. Regina and Saskatoon both posted benchmark price gains of between seven and 8% over the past year, while Quebec City surged by 16%. Several Atlantic Canada markets, including Halifax and Saint John, also saw double‑digit annual price gains.
“It is easy to read a national headline and think the whole country is moving in one direction,” Kennedy noted. “The truth is very different. What is happening in Saskatoon is not the same as what is happening in Toronto. That is why local expertise is so valuable.”
A balanced market heading into the second half of the year
Experts are cautiously optimistic about the second half of 2025. The Bank of Canada’s interest rate policy and broader economic trends will continue to shape the market, but the data suggests that a delayed spring rebound is now taking hold. CREA’s chair, Valérie Paquin, noted that most markets are turning a corner even though conditions still vary widely across the country.
Coldwell Banker Canada encourages buyers and sellers to take advantage of balanced conditions while leaning on experienced local agents for insights.
The overall outlook for 2025 is one of gradual recovery. Sales are improving, prices have levelled off nationally, and confidence is returning. Every market has its own story, and that is why local insight and trusted advice are more important than ever.
About Coldwell Banker Canada
Founded in 1906, Coldwell Banker is the most established residential real estate franchise system in North America. The brand expanded into Canada in 1989 and has since built a legacy of serving the real estate needs of Canadians from coast to coast. In 2021, Coldwell Banker Canada was acquired by Canadian entrepreneurs Steve Houle and Karim Kennedy, who are dedicated to growing the brand’s presence nationally. For more information, visit coldwellbanker.ca/franchising.
