08:28 AM EDT, 09/15/2025 (MT Newswires) -- Scotiabank said it has more evidence of traction on the interest sensitives in Canada in a lagging response to rate cuts after the Canadian Real Estate Association (CREA) released August's data on Monday.

Canada registered a fourth consecutive monthly gain in seasonally adjusted existing home sales during August (+1.1% month-over-month SA). New listings were up 2.6% month-over-month SA.

The sales-to-new-listings ratio fell to 51.2%. Months supply fell to 4.4 for the lowest since January and remains below the long-term average of about 5.0 months, which places the market roughly in balanced territory, stated the bank.

Prices were little changed (-0.1% m/m SA) but down 3.4% y/y.