Canadian Real Estate Association (CREA) data show home sales in July are down 5.3% compared with the same month last year. The figures also indicate a modest increase compared with the previous month, suggesting activity is not falling uniformly.
Both outlets describe the same overall pattern: year-over-year sales decline alongside small month-over-month improvement. The emphasis differs slightly by outlet. One report focuses on the year-over-year drop, while the other highlights that CREA characterizes the market as becoming more balanced, implying supply and demand are adjusting rather than worsening across the board. Together, the reporting points to a softer annual comparison but some stabilization from one month to the next.
While neither source provides additional breakdowns (such as by region, price, or property type), both attribute the changes to CREA’s monthly national sales data and frame the month as part of a broader trend toward balance in Canada’s housing market.
