Canadian home sales slip in August
National transactions remained roughly 12% below the decade-long average, according to RBC Economics, a gap that underscored how much ground still needed to be recovered despite four straight months of gains in Canada’s housing market
“Sales activity and price trends were largely unchanged for a fourth consecutive month in August,” said Shaun Cathcart, CREA’s senior economist.
“What has changed is the broader economic environment, with the Bank of Canada recently warning of rising inflation risks, along with doubts about the durability of recent economic growth.”
Canada’s Consumer Price Index (CPI) held at 3% year over year in August for a second consecutive month, Statistics Canada reported Monday. That’s a steady headline that may already be outdated by the time the BoC meets for its October 28 rate decision.
Avery Shenfeld of CIBC Capital Markets says the Bank of Canada faces a very different set of economic conditions than the U.S., arguing that policymakers can afford to remain patient despite growing expectations of Federal Reserve rate hikes.https://t.co/0ufm9YV95E?
— Canadian Mortgage Professional Magazine (@CMPmagazine) September 15, 2026
New listings climb as sellers eye the fall
Supply conditions shifted in August. New listings across Canadian MLS systems rose 3.3% month over month, reversing three consecutive monthly declines and reflecting what CREA chair Garry Bhaura described as sellers moving early to capture the fall market.
