The Canadian Real Estate Association reports that home sales in July were down 5.3% compared to the previous year, although they saw a slight month-over-month increase, indicating a more balanced market.

The Canadian Real Estate Association (CREA) has lowered its housing market forecast for 2026, citing an 'oil shock,' a jump in fixed mortgage rates, and weaker-than-expected sales in the first quarter.

The Canadian Real Estate Association (CREA) has again lowered its 2026 housing market forecast due to inflation and interest rate concerns, despite a slight increase in June home sales.

According to the Canadian Real Estate Association, Canada's national home sales slightly decreased in February from the previous month, with the benchmark home price falling 4.8 percent compared to last year.

Canadian home sales in May were down 5.1% year-over-year, but the Canadian Real Estate Association (CREA) notes a positive momentum with a 5.5% increase on a seasonally adjusted basis compared to April.

The Canadian Real Estate Association (CREA) has attributed a slowdown in housing sales during January to a significant snowstorm in Ontario.