Annual home sales down 4.3% in May, but activity up on monthly basis

The Canadian Real Estate Association says home sales in May fell 4.3 per cent compared with a year ago, but activity picked up when compared to the previous month.

Home sales rose 3.6 per cent from April, marking the first month-over-month increase at the national level in more than six months.

CREA senior economist Shaun Cathcart says that after buyers sat on the sidelines for much of 2025 so far, there is a sense "maybe the expected turnaround in housing activity this year was just delayed for a few months by the initial tariff chaos and uncertainty."

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