Summary
This report provides an analysis of Canada's housing market as of July 2025. It highlights the gradual improvement in home sales momentum across various Canadian markets, particularly in Toronto, where a notable increase in resales was reported. The report indicates that while confidence is rebuilding, challenges remain in affordability, especially in areas with high inventory. The MLS Home Price Index has shown a decline in major markets like Toronto and Vancouver, while prices in the Prairies and Atlantic regions remain more stable. The report also details the dynamics in Montreal and Calgary, noting stagnant recovery in Montreal and increased supply in Calgary due to new construction. Overall, the report suggests a potential broad market recovery, although diverging price trends are expected to continue. The document includes various statistics and insights into market conditions, sales-to-new listings ratios, and active listings across different regions.
