Canada · 19 d ago
Dillan Payne · CC BY-SA 4.0 · Wikimedia Commons
Home sales fall across Canada as the realtors' association cuts its forecast again
Home sales in September, year over year
-7.7 %
National home sales fell 7.7 per cent in September from a year earlier, and 2.3 per cent from August, according to the Canadian Real Estate Association (CREA).
July forecast
-1.4%
October forecast
-5.2%
CREA now expects 444,530 homes to be sold in 2026, a 5.2 per cent drop from 2025. In July it expected a 1.4 per cent decline, and this is its third downgrade in a row.
Surajram Kumaravel · CC BY-SA 4.0 · Wikimedia Commons
In British Columbia, just over 5,250 homes sold in September, down about 9 per cent from a year earlier. The average price fell 2.4 per cent to just over $924,000.
Matti Blume · CC BY-SA 4.0 · Wikimedia Commons
Montreal-area sales fell 11.6 per cent to 3,082, yet sellers "remain in a strong negotiating position" across Quebec, the provincial brokers' association said. The median single-family price rose 0.5 per cent to $635,000.
"This was hardly surprising given the latest jump in fixed mortgage rates, and with the Bank of Canada now widely expected to follow with a rate hike before the end of the year."
— Shaun Cathcart, CREA senior economist
