Buyers edge back in as detached sales rise across key markets
“There’s no question that buyers are cautiously optimistic, taking advantage of pricing that is off peak pandemic levels,” said Don Kottick, president of REMAX Canada.
“Before we call it a ‘recovery,’ it’s worth remembering that the rebound remains narrow, selective and far from guaranteed. Detached housing may be finding its footing, but affordability, confidence and potential shadow inventory remain wild cards in its comeback.”
Greater Toronto Area home sales climbed 9.4% year over year in June 2026, with tightening inventory and improving affordability prompting the Toronto Regional Real Estate Board (TRREB) to forecast renewed price growth before year’s end.https://t.co/BsGlwmmtad
— Canadian Mortgage Professional Magazine (@CMPmagazine) July 7, 2026
Fraser Valley leads the pack
The Fraser Valley was the report’s standout region, with detached sales rising across all six communities examined — Abbotsford, Mission, White Rock/South Surrey, Langley, Delta North and the City of Surrey — four of which posted double-digit gains.
Greater Vancouver followed, with 59% of communities (10 of 17) recording an uptick in transactions. New Westminster led all markets nationally, with sales climbing 58.1% year over year.
Toronto’s 416 area code also showed momentum, with 60% of markets (21 of 35) logging increased detached buying activity.
