Canadian Home Sales Show Positive Momentum in June 2026

📅 5 days ago 🏷️ Canadian Real Estate Association

Home sales across Canada demonstrated a slight increase in June 2026, indicating a positive trend in the housing market as mortgage rates stabilize and home prices begin to recover.

In June 2026, the Canadian housing market exhibited signs of recovery, according to Shaun Cathcart, the Senior Economist at the Canadian Real Estate Association (CREA). Following a slow start in May, various metrics for the housing market have started to show improvement. Cathcart noted that fixed mortgage rates have decreased from their peak in April, and the likelihood of further rate hikes from the Bank of Canada has diminished significantly compared to previous months. This situation is beneficial for borrowers looking to enter the housing market.
Moreover, home prices, which had been on a downward trend in several markets, have stabilized, encouraging potential buyers who had been hesitant to make a move. CREA anticipates that the second half of 2026 will see a more vigorous market activity, comparable to what is expected in 2024 and 2025.
In terms of specific statistics from June, national home sales increased by 0.5% month-over-month. When compared to June 2025, sales activity was actually up by 0.9%. However, the number of new listings saw a decrease of 1.3% month-over-month, indicating a tightening inventory. The sales-to-new listings ratio climbed to 50.2%, surpassing 50% for the first time this year, which is a critical threshold that suggests a more balanced market. Historically, a ratio between 45% and 65% is indicative of balanced conditions in the housing market.
Garry Bhaura, the Chair of CREA, commented on the recent trends, indicating a return of certainty regarding interest rates and home values, coupled with a growing number of buyers entering the market. He suggested that while there might be a brief lull in activity during the summer months, the market is poised for increased activity in the fall, particularly after the Labour Day holiday. This period typically allows buyers and sellers the time needed to prepare for transactions.
At the end of June 2026, a total of 208,578 properties were available for sale across all Canadian MLS® Systems, reflecting a modest increase of 0.6% from the previous year and slightly above the long-term average for this time of year. The national inventory remained at 4.8 months, unchanged from May, marking the lowest level recorded thus far in 2026. This figure is slightly below the long-term average of five months, with a sellers’ market defined as having inventory below 3.6 months and a buyers’ market characterized by inventory above 6.4 months.
The National Composite MLS® Home Price Index (HPI) remained stable from May to June, marking the first month without a decline since January 2025. Year-over-year, the index was down by 3.6%, the smallest decline noticed since last October. Regionally, home prices in British Columbia, Alberta, and Ontario continue to show decreases on a year-over-year basis, although these declines are beginning to moderate as prices stabilize. Nova Scotia experienced its first year-over-year price drop in over three years, as the market began to cool.
The non-seasonally adjusted national average home price in June 2026 reached $696,078, an increase of 0.5% compared to the same month last year. CREA is scheduled to release its next set of statistics on August 18, 2026, providing further insights into the ongoing developments in the housing market. It is important to note that the data combines information from both major markets and national sales, and CREA emphasizes that average pricing trends may not accurately reflect the diverse pricing dynamics across different neighborhoods.
For more information, individuals can reach out to Pierre Leduc, Media Relations at CREA, via phone or email.

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