Street Calls of the Week
Investing.com -- Canadian home sales decreased 1.7% in September compared to August, breaking a five-month streak of consecutive increases that began in April, according to data released Thursday by the Canadian Real Estate Association (CREA).
The decline in sales activity was primarily seen in Greater Vancouver, Calgary, Edmonton, Ottawa, and Montreal regions. These decreases outweighed gains observed in the Greater Toronto area and Winnipeg.
Despite the monthly drop, sales activity showed a 5.2% increase compared to September 2024 on an unadjusted annual basis.
CREA’s Home Price Index edged down 0.1% month-over-month, while the unadjusted HPI showed a more significant 3.4% decline on an annual basis.
In its latest forecast, CREA projects that home sales will decrease 1.1% in 2025 compared to 2024, before rebounding with a 7.7% increase in 2026. Average home prices are expected to fall 1.4% annually in 2025, followed by a 3.2% rise next year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.