10/14/2026
Canadian Home Sales Slide 6.9% Yearly
With Canadian home sales down about 7% compared to last year and slipping 1% month-over-month in mid-Q3, it’s clear that economic uncertainty and higher mortgage costs are shaping the market. The national price index held steady from the previous month but dipped roughly 3% year-over-year, while newly listed homes bounced back by 3% after several months of decline. The sales-to-new listings ratio has softened further to around 49%, below the long-term average of 55%. Economists point to rising inflation risks and concerns about growth, alongside higher bond yields pushing fixed mortgage rates up. Around this time, markets anticipated a 60% chance of a rate hike in early Q4, with more tightening projected ahead. As someone committed to helping you achieve your real estate goals, I keep a close eye on these shifts so you can make confident, informed decisions—backed by local knowledge and the trusted CENTURY 21 brand.