The Canadian Real Estate Association (CREA) recently released national sales statistics for March of 2025.
Canadian home sales fell on a month-over-month basis once again in March 2025, as rising tariff turmoil and uncertainty is keeping home buyers on the sidelines.
Sales activity recorded over Canadian MLS® Systems sank 4.8% month-over-month in March 2025. Along with declines in each of the three previous months, national home sales are now down 20% from their recent high recorded last November.
“Up until this point, declining home sales have mostly been about tariff uncertainty. Going forward, the Canadian housing space will also have to contend with the actual economic fallout. In short order we’ve gone from a slam dunk rebound year to treading water at best,” said Shaun Cathcart, CREA’s Senior Economist.
March Highlights:
• National home sales fell 4.8% month-over-month.
• Actual (not seasonally adjusted) monthly activity came in 9.3% below March 2024.
• The number of newly listed properties moved 3% higher on a month-over-month basis.
• The MLS® Home Price Index (HPI) declined 1% month-over-month and was down 2.1% on a year-over-year basis.
• The actual (not seasonally adjusted) national average sale price was down 3.7% on a year-over-year basis.
Read the recently released national sales statistics for March of 2025.
UPDATE - CREA’s Residential Market Forecast for 2025.
I’m always happy to answer your Saskatoon real estate questions. Reach out by voice or text at 306-900-4161 or email me at norm at teamfisher.com
Norm Fisher
Royal LePage Saskatoon Real Estate
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