November home sales in Canada down almost 11 per cent annually

25-Dec-2025

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National home sales fell 10.7 per cent in November compared with the same month last year as the Canadian Real Estate Association says activity has veered into a holding pattern heading into 2026.

The association said 33,895 properties changed hands across the country last month, as home sales also ticked 0.6 per cent lower from October on a seasonally adjusted basis.

The actual national average sale price of a home sold in November was $682,219, down two per cent from a year earlier.

CREA senior economist Shaun Cathcart said some sellers are making price concessions in order to get deals done before the end of 2025 following a mid-year rally.

“That said, the Bank of Canada’s clear signal that rates are now about as good as they’re likely going to get is the green light many fixed-rate borrowers have no doubt been waiting for, so we remain of the view that activity will continue to pick up next year,” he said in a press release.