Canadian Home Sales Fall in September as Mortgage Rates Increase, CREA Says

Canadian home sales forecast downgraded again for 2026 by CREA

Expects sales of 444,530 by year-end, down 5.2% from 2025 and a 1.4% decline from earlier estimates

Canadian home sales fall in September as mortgage rates increase, CREA says

By Promit Mukherjee OTTAWA, Oct 16 (Reuters) - Canadian home sales extended their decline in September, after a drop in August, as ​higher mortgage rates and expectations of a ‌Bank of Canada rate hike dampened activity, the Canadian Real Estate Associ...

Canadian Home Sales Pull Back in September

OTTAWA, Ontario, Oct. 16, 2026 (GLOBE NEWSWIRE) -- The number of home sales recorded over Canadian MLS® Systems fell by 2.3% month-over-month in September 2026.

Canadian Real Estate Association revises home sales forecast down again as sales fall in September

The potential for rate hikes by the Bank of Canada and already-increasing fixed-rate mortgages are weighing on prospective buyers, according to CREA, leading the association to revise down its forecast for 2026. Those factors were already showing up in September, when home sales fell 7.7 per cent compared to the same month a year prior.