Canadian home sales in May decline compared with the same month a year earlier, according to data cited by the Canadian Real Estate Association (CREA). The reports state that sales total 47,014 in May, representing a 5.1 per cent drop versus May 2025. While year-over-year activity is lower, CREA says there is improvement in how the market is moving from one month to the next. CREA describes “meaningful upward momentum” month-over-month for the first time this year, indicating that recent monthly results are trending upward even as they remain below the year-ago level.
Multiple outlets covering the same CREA release present the same central figures: May sales are down 5.1 per cent year over year, and CREA points to a positive month-to-month change as a sign of building momentum. City News Toronto also notes a monthly increase of 5.5 per cent. Overall, the coverage emphasizes the contrast between a weaker comparison to last year and a potential near-term stabilization or recovery based on the month-over-month measure.
