Home prices up for the first time in seven months: National Bank

Canada’s home prices appeared to be on an upward trajectory in August, for the first time in 2025, with the Teranet-National Bank composite index reporting a 0.4 per cent increase from July. 

The small gain comes as the number of transactions on the resale market continued to rise for the fifth consecutive month, noted senior economist Daren King.

He said the “very soft” market conditions in Ontario tightened somewhat with the recent spike in activity, allowing prices to rise during the month in Toronto, Hamilton, and Ottawa-Gatineau.