Canadian home sales continued summer climb in July

The Canada housing market 2025 is starting to feel a little more lively. According to the Canadian Real Estate Association (CREA), July marked the fourth straight month of sales growth. We’re not back to the record highs of a few years ago, but the steady climb since spring suggests the market is finding its footing again. 

In BC, July brought encouraging signs, with over 7,000 homes sold across the province (up from last year) and active listings growing at a more moderate pace, which points to healthier balance in many areas. Outside of the Lower Mainland, places like Victoria, the Interior, and even Northern communities are showing tighter conditions, with some regions seeing double-digit price gains thanks to strong local demand and better affordability. While Vancouver and the Fraser Valley are still leaning toward a buyers’ market, other areas are holding steady or moving up. The average price in BC came in just under $950,000, and most regions outside Vancouver actually saw year-over-year increases

As we head into September, we usually see a wave of new listings hit the market, so it will be interesting to see how buyers respond. I’ll keep an eye on the latest Canadian real estate trends for you, but for now, the summer story is one of steady growth and renewed confidence.