CREA Downgrades Canadian Housing Market Forecast

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.

15 Jul, 09:00 — 15 Jul, 09:00

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cbcHigh34d ago

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.

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CREA Downgrades Canadian Housing Market Forecast

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CREA downgrades housing market forecast again as June home sales edge up

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