RSS

Are Canadian Home Sales Going Up in 2025? May Market Update

Are Canadian Home Sales Going Up in 2025? May Market Update

May 2025 saw the first month-over-month increase in Canadian home sales since November 2024, marking a 3.6 % rise from April as national buyer confidence regained traction after several months of hesitation. Key markets stirring the rebound include Toronto, Calgary, Ottawa—and promising ripples are showing here in Edmonton.

What the CREA Report Tells Us

  • National rebound: May marked a 3.6 % rise in seasonally adjusted home sales—the first uptick since last November—while new listings climbed 3.1 % month-over-month.

  • Market context: Though sales are still around 4 to 4.3 % below last May, this momentum suggests pent-up demand is finally emerging.

  • Pricing trends: The MLS® Home Price Index dipped only 0.2 % month-over-month. The national average sale price hovered near $691,300—down about 1.8 % compared to May 2024.

  • Market outlook: While this is “just one good month,” it may mark the beginning of a delayed rebound.

Spotlight on Edmonton

While the CREA article focused on national data, Edmonton’s market remains strong and encouraging:

  • May 2025 Edmonton stats:

    • Average sold price in the Capital Region reached approximately $464,277, up 5.2 % year-over-year.

    • Benchmark prices set new records around $439,100, reflecting a 9.8 % annual increase.

    • Sales volume increased 9.5 % month-over-month, with nearly 3,000 properties sold.

    • The sales-to-new-listings ratio remains near 60 %, signaling a solid seller’s market that is gradually moving toward balance.

  • Segment performance:

    • Detached homes averaged $579,000, up 6.1 % year-over-year.

    • Condominiums averaged $214,000, up 3.5 %.

    • Townhouses came in around $307,000, up 4.1 %.

    • Inventory is still tight, and months of supply remain low—supporting stable price growth.

Why This Matters for Edmonton Buyers & Sellers

  • Buyers: With buyer confidence returning across the country and prices inching up locally, it’s a smart time to move before interest-rate relief brings more competition.

  • Sellers: Strong demand, low supply, and rising benchmarks make this an excellent time to list.

  • Investors and first-time buyers: Edmonton remains one of the most affordable major cities in Canada, offering excellent value and long-term potential.\

Your Trusted Edmonton REALTOR®
Nooran Ostadeian
REALTOR® | RE/MAX Elite Windermere
📍 Serving Edmonton & Surrounding Areas

📧 Email: Nooran@RealtyEdmonton.ca
📞 Direct: 780-953-0723
🏢 Office: 304 Windermere Blvd, Edmonton, Alberta, T6W 2P2
🔗 RealtyEdmonton.ca

Data last updated on July 26, 2025 at 11:30 AM (UTC).
Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.