Seeing four consecutive months of rising Canadian home sales is a positive signal for anyone following our market closely. In July, we experienced a 0.2% increase in the average sale price, reaching $674,819, while new listings dropped by 1.6%. With inventory now sitting at 4.7 months, it’s a picture of balance—not too hot, not too cold.
From my experience working with buyers and sellers over the years, I know how much these numbers matter when you’re making decisions, whether it’s your first home or your next investment. Stable prices and tightening supply often mean competition is shifting, so understanding these trends can give you the confidence to move forward. I always strive to interpret these changes through the lens of what matters most for you, ensuring you have the insights you need to achieve your real estate goals.
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