OTTAWA — The Canadian Real Estate Association has upgraded its forecast for home sales in 2025, saying it now expects a softer decline this year as activity continues to rebound.

It comes as September home sales rose 5.2 per cent from a year ago, marking the most activity for the month since 2021.

There were 39,700 home sales across the country last month, up from 37,721 in September 2024.

The uptick is unsurprising, said Brendon Cowans, a sales representative for Toronto-based brokerage Property.ca, who said September’s interest rate cut has led to improved sentiment.

“I’m seeing slightly more activity, bidding wars are coming back in certain segments,” Cowans said.

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