A total of 470,314 home sales were recorded over Canadian MLS Systems units in 2025, a decrease of 1.9% from 2024.
According to data from the Canadian Rea Estate Association (CREA), last year’s sales were framed by “a tariff-induced flight of buyers back to the sidelines in the first quarter, followed by a decent sales rally mid-year, and a bit of a stall to finish off 2025.” There were 133,495 properties listed for sale on all Canadian MLS Systems at the end of December, up 7.4% from one year earlier but 9.9% below the long-term average for that time of year.
CREA has also updated its forecast with the prediction that 494,512 residential properties are expected to trade hands via Canadian MLS Systems this year, an increase of 5.1% from 2025. CREA expects the national gain will be driven largely by British Columbia and Ontario.
CREA added the national average home price is forecast to rise by 2.8% on an annual basis to $698,881 in 2026, with smaller increases in British Columbia, Alberta, Ontario, and Nova Scotia, and with larger gains in other provinces, particularly Saskatchewan, Quebec, and Newfoundland and Labrador. In 2027, CREA is forecasting national home sales to climb a further 3.5% to 511,966, again led by British Columbia and Ontario, with most other provinces settling into growth in the low single digits.
The national average home price is forecast to edge up by 2.3% from 2026 to $714,991 in 2027, with slightly larger gains in Saskatchewan and Quebec, and other provinces in the 1%-2.5% range. This would mark the seventh straight year that the national average home price has hovered close to the $700,000 range.
