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Canadian home sales fall in August as economic uncertainty grows
New listings rose 3.3% as the Canadian Real Estate Association said rising mortgage rates are expected to curb further market momentum.
- On Tuesday, the Canadian Real Estate Association reported that Canadian home sales fell 0.7% in August as economic uncertainty and increased mortgage rates weighed on activity.
- Rising bond yields and inflation risks have led the Bank of Canada to contemplate rate hikes, with investors pricing in a roughly 60% chance of a benchmark rate increase as soon as October.
- While sales fell, new listings rebounded 3.3% in August, reversing three straight monthly declines, while the national average home price reached $668,219, up 0.6% year-over-year.
- The national sales-to-new listings ratio slipped to 49.1%, moving further below the long-term average of 54.7%, as CREA's Senior Economist Shaun Cathcart noted that sales activity remained largely unchanged for a fourth consecutive month.
- Fresh economic headwinds are expected to dampen housing market momentum heading into 2027, according to the CREA, despite prices remaining largely unchanged month-to-month since the spring.
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13 Articles
13 Articles
Canadian home sales fall in August as economic uncertainty grows
·London, United Kingdom
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The Toronto Star+4 Reposted by 4 other sources
Canadian Home Sales Slide Down Slightly in August
OTTAWA, Ontario, Sept. 15, 2026 (GLOBE NEWSWIRE) -- The number of home sales recorded over Canadian MLS® Systems decreased by 0.7% on a month-over-month basis in August 2026. Monthly activity
·Toronto, Canada
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Winnipeg Free Press+3 Reposted by 3 other sources
August home sales down 6.9% as economic headwinds threaten market momentum: CREA
The Canadian Real Estate Association says home sales in August were down compared with a year ago as a fresh round of economic challenges threaten to dampen housing market momentum for the remainder of the year.
·Winnipeg, Canada
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Total News Sources13
Leaning Left5Leaning Right2Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 30%
R 20%
Factuality
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