Ottawa, ON January 15, 2025 – With much of the early fall surge of supply having now been picked over, home sales activity recorded over Canadian MLS® Systems dipped in December 2024.

December Highlights:
• National home sales fell 5.8% month-over-month.
• Actual (not seasonally adjusted) monthly activity came in 19.2% above December 2023.
• The number of newly listed properties dipped 1.7% month-over-month.
• The MLS® Home Price Index (HPI) climbed 0.3% month-over-month and was only down 0.2% on a year-over-year basis.
• The actual (not seasonally adjusted) national average sale price was up 2.5% on a year-over-year basis.