"After a brief pause in September, home sales across Canada picked back up again in October, rejoining the trend in place since April,"
"With interest rates now almost in stimulative territory, housing markets are expected to continue to become more active heading into 2026, although this is likely to be tempered by ongoing economic uncertainty."
"That said, sales levels are still relatively low, so we'd be hard pressed to call the recovery robust,"
"Moving forward, we see sales continuing to grind higher, supported by pent-up demand, and some improvement in job markets next year."
There were 42,068 home sales across Canada in October, down 4.3% from October 2024 but up 0.9% month-over-month, marking the sixth increase in seven months. Sales increases were led by B.C., Alberta and Quebec, while Ontario, Saskatchewan and Manitoba recorded declines. Interest rates are approaching stimulative territory, supporting expectations of more active housing markets into 2026 despite economic uncertainty. The actual national average sale price in October was $690,195, down 1.1% year-over-year. CREA's home price index rose 0.2% month-over-month but fell 3% year-over-year. Tight supply-demand balances support price growth in many regions, while B.C. and Ontario currently favour buyers.
Read at www.cbc.ca
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