10/08/2026
Canadian Home Sales Slide 6.9% Yearly
Home sales across Canada dipped by about 1% month-over-month and nearly 7% compared to last year in mid-Q3, reflecting the impact of economic uncertainty and higher mortgage costs on our market. Prices held steady month-over-month, but were down roughly 3% year-over-year. Interestingly, after several months of decline, newly listed properties rose by about 3%. The sales-to-new listings ratio slipped to approximately 49%, further below the long-term average of 55%, suggesting a bit more breathing room for buyers. With inflation risks and questions surrounding recent economic growth, the background for real estate continues to evolve, especially as higher bond yields have nudged fixed mortgage rates upward. At this point, financial markets were factoring in a 60% chance of a rate hike in early Q4, with over a full percentage point of tightening anticipated by 2027. As someone who combines a finance background with a deep commitment to making your real estate experience smooth and enjoyable, I’m always focused on translating these market shifts into clear, practical guidance for your next move.