Home sales and prices were down year-over-year in October but edged up from September as Canada’s housing market continues to gradually recover from trade war-induced shocks in early 2025, the Canadian Real Estate Association (CREA) said Monday.

In its latest housing market report, CREA said 42,068 homes changed hands across the country in October, up 0.9 per cent from the previous month but down 4.3 per cent compared to last year.

Shaun Cathcart, senior economist at CREA, said sales activity is “moving in the right direction,” albeit slowly due to persistent tariff-related economic uncertainty.

“The market really burst to life last October in this very narrow window of time between when rates had come down but we weren’t in a trade war yet. So, we’re down a little bit from that,” he sa

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