Canadian Existing-Home Sales Fall in December
Home Sales in Canada End 2025 Quietly
On Thursday, the Canadian Real Estate Association (CREA) reported that existing-home sales recorded over Canadian MLS Systems fell 2.7% in December 2025.
As of the end of December, there were 133,495 properties listed for sale, up 7.4% from a year earlier but 9.9% below the long-term average for that time of year. CREA noted that inventories have been trending lower since May 2025 due to a midyear rally in demand, suggesting active listings could return to year-over-year declines as the spring market approaches.
New listings declined 2.0% in December, marking the fourth consecutive monthly drop. With sales falling slightly more than new listings, the national sales-to-new listings ratio eased to 52.3%, compared with 52.7% in November.
There were 4.5 months of inventory on a national basis at the end of the month, up slightly from 4.4 months, where the measure had held since August. The long-term average for market balance is 5 months of inventory.
The non-seasonally adjusted national average home price was CA$673,335, down 0.1% from December 2024.
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