Canadian home sales are on the rise again

Canadian home sellers received an early Christmas present this month when the Canadian Real Estate Association (CREA) reported that – after a long and very slow summer – it looks like home sales in Canada may finally be on the rise again.

Residential sales increased nearly one per cent month-over-month

According to CREA’s latest Housing Report, a total of 485,076 homes were sold across Canada in October 2025 through the MLS® online listing service. This represents a 0.9% increase over September. It also marks the sixth month-over-month increase in home sales over the past seven months.

Nationally, at the end of October, 189,000 properties were listed for sale on all Canadian MLS® Systems – up  around 7.2% compared to the year before.

Adding to the good news, CREA Senior Economist Shaun Cathcart hinted that this slow but steady growth in sales will likely continue to climb in the months ahead, stating that “with interest rates now almost in stimulative territory, housing markets are expected to continue to become more active heading into 2026.”

What does it mean for local markets?

Locally, B.C. markets are still struggling to rebound from the sales slump earlier this year. But even in the Lower Mainland, there’s good reason for optimism.

For one thing, some parts of Greater Vancouver and the surrounding regions have already started making a comeback. In the Fraser Valley, for example, home sales in October were up 17% month-over-month compared to September.

That same month, the British Columbia Real Estate Association (BCREA) reported that residential home sales rose 4.4% in the province compared to September 2024. In its Housing Forecast for the Fourth Quarter of 2025, BCREA also predicted that both home sales and prices should return to more balanced levels in the New Year.

As BCREA Chief Economist Brendon Ogmundson noted, while the performances of both the economy and the housing market in British Columbia have been relatively disappointing this year, “we expect a strong hand-off to 2026 as activity closes out 2025 on an upswing.”

BCREA also listed several of the reasons behind its prediction, including signs of loosening monetary policy out of Ottawa, a gradually receding focus on U.S. tariffs and the prospects of a trade war, fewer worries about inflation and continued rate cuts from the Bank of Canada, including a possible further rate cut to as low as 2% by early 2026.

What does it mean for you?

Of course, no one has a crystal ball, so only time will tell if this is just a temporary upward blip or the beginning of a lasting recovery.

But if you’ve been thinking about buying, selling or listing your home and want to find out what the latest numbers mean for you, give us a call or drop us an email to schedule a free consultation and we’ll do our best to answer any questions you might have!