Canadian home sales rise in June, prices unchanged from prior month
The association now expects 463,336 sales this year as higher mortgage rates and a weaker first half continue to weigh on the market.
- The Canadian Real Estate Association downgraded its 2026 home sales forecast to 463,336 properties, a 1.4% decline from 2025, reversing its April prediction of growth.
- This revision reflects a weak first half of the year, with high interest rates, inflation, and a quicker-than-expected population drop in Canada weighing on the housing market.
- June data showed national sales edged up 0.5% month-over-month, with the national average home price reaching $696,078, up 0.5% from the same month last year.
- Senior Economist Shaun Cathcart said "It's a market that's only just finding its footing," as the national sales-to-new listings ratio tightened to 50.2% in June.
- CREA Chair Garry Bhaura expects the stage is set for a busier fall market, as the association anticipates the second half of the year will be more active than the first.
17 Articles
17 Articles
The Canadian Real Estate Association (CAI) has again reduced its residential sales forecast for 2026, despite a slight increase in the number of properties sold in June.
Canadian home sales rise in June, prices unchanged from prior month
Canadian home sales posted a modest increase in June following a robust jump the previous month, and prices remained unchanged, data from the Canadian Real Estate Association showed on Wednesday.
The Toronto Star
CREA now expects home sales decline in 2026 as it lowers forecast again
The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2026 again, despite a small uptick in the number of homes that changed hands in June.
CREA downgrades housing market forecast again as June home sales edge up
Rising inflation and fears that interest rates would rise weighed on the housing market earlier this year, prompting CREA to revise its 2026 home sales forecast down. At the same time, the number of homes sold in June rose compared to the month before.
Cambridge Times
Canadian Home Sales Continue to Climb in June
OTTAWA, Ontario, July 15, 2026 (GLOBE NEWSWIRE) -- The number of home sales recorded over Canadian MLS® Systems edged up a further 0.5% on a month-over-month basis in June 2026. This builds on the 5.5% jump recorded in May and…
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