Canada’s housing markets split along regional lines in August
New listings fell 14% year-over-year, a steeper decline than the 2.1% year-over-year drop in sales, keeping a floor under prices despite softer demand.
Ottawa offered a brighter note, edging above year-ago price levels for the first time since November 2025.
Montreal saw new listings climb an estimated 7.1% seasonally adjusted from July, extending the city’s gradual inventory build throughout 2026, though poor affordability continues to suppress resale volumes.
Toronto’s condo downturn continues. GTA condo sales fell 2.6% in August while average prices dropped 3.6%, according to TRREB.
🔗 Read more: https://t.co/gZccHaUVlG#RealEstate #TorontoRealEstate #CondoMarket #MortgageIndustry
— Canadian Mortgage Professional Magazine (@CMPmagazine) September 4, 2026
Vancouver bounces back, but weakness lingers
Vancouver posted August’s relative bright spot, with resales rising an estimated 8.5% seasonally adjusted from July, more than reversing a 4.5% decline the previous month.
New listings surged 12% month-over-month, pushing the sales-to-new listings ratio back into buyer-friendly territory.
