Major Markets Lose Momentum Canada’s housing market remained relatively balanced in July 2026, as buyers stayed cautious despite improved borrowing conditions. Sales and new listings slowed across major markets, while prices continued to soften in several regions. In the Greater Toronto Area, sales fell 0.9% year-on-year, while new listings dropped a much sharper 17.8%. The average selling price declined 4.5% to C$1,003,956, although reduced supply has begun increasing competition among buyers. Metro Vancouver also slowed, with home sales falling 9.8% year-on-year to 2,061 transactions. New listings declined 11.5%, while the composite benchmark price fell 6.2% year-on-year to C$1,088,800. Apartment sales recorded the largest drop, down 17.8%.  Quebec Shows a Different Pattern Quebec also experienced softer transaction activity, with total sales down 6% year-on-year in July. However, active listings increased 19%, giving buyers more choice. Price trends were more mixed. The median price for single-family homes increased 3% to C$505,000, while plex properties recorded an 8% increase to C$690,000. Condominium activity was weaker, with sales falling 16% and median prices edging down 1%. The figures highlight how Canada’s housing adjustment is increasingly varying by region and property type. Outlook Canada’s market is likely to remain balanced but selective in the near term. Toronto and Vancouver may continue facing price pressure as demand adjusts, although tighter new supply could provide some support. For buyers and investors, opportunities will increasingly depend on local inventory, property type and pricing, rather than broad national market trends. The contents of this article were contributed by Yousaf Iqbal, Head of IQI Canada. Download to see insights from other country marketsDownload

Canada’s Housing Market Regains Momentum Canada’s housing market strengthened in June 2026 as lower borrowing costs, improving affordability and growing consumer confidence encouraged more buyers to return. The recovery was particularly visible in Toronto and Vancouver, where sales increased while the supply of newly listed homes declined. This combination points to improving demand, although market conditions remain different across provinces and property types.  Toronto and Vancouver Lead the Recovery The Greater Toronto Area recorded 6,770 home sales, representing a 9.4% year-on-year increase. At the same time, new listings fell 12.9%, while active listings declined 13.5%. Toronto’s average home price reached $1,058,658, down 3.9% year-on-year. This suggests buyers are returning to the market, but price sensitivity continues to shape purchasing decisions. Metro Vancouver also recorded renewed momentum. Residential sales rose 9.6% year-on-year to 2,390 transactions, while new listings decreased 6.0%. Demand strengthened across detached homes, townhouses and apartments. Apartments generated the highest number of sales at 1,103 transactions, with a benchmark price of $695,200. Quebec presented a more mixed picture. Total residential sales declined 4% year-on-year to 8,492, while active listings increased 18%. However, median prices remained resilient, with single-family homes rising 3% to $515,000and condominiums increasing 1% to $409,500. Outlook Canada’s housing recovery is likely to remain gradual and regionally uneven. Toronto and Vancouver may continue benefiting from stronger buyer confidence and tighter new supply. However, buyers are expected to remain selective, especially where affordability remains challenging. Markets with balanced pricing, improving financing conditions and limited inventory should be better positioned to maintain momentum through the second half of 2026. Download to see insights from other country marketsDownload

Canada Housing Market Shows Improving Stability Canada’s housing market continued to stabilise in May 2026, with buyer activity gradually strengthening across many regions. Lower borrowing costs, improving affordability and stronger homebuyer confidence supported greater market participation during the spring season. Nationally, conditions remained relatively balanced. Inventory levels continued to give buyers ample choice, while home prices generally stayed below year-ago levels. This helped keep affordability in focus and prevented competition from rising too quickly. However, tightening supply in selected markets and improving sales activity suggest that Canada’s housing market may be moving closer to equilibrium. Toronto Gains Momentum, Vancouver Remains Balanced The Greater Toronto Area showed stronger momentum in May. Home sales increased 6.3% year-on-year to 6,583 transactions, while new listings fell 18.9% compared with May 2025. Even as market conditions tightened, buyers still benefited from softer pricing. The MLS® HPI Composite benchmarkwas down 6.7% year-on-year, while the average selling price reached $1,069,700, down 4.6% from a year earlier. In Metro Vancouver, the market remained more balanced. Residential sales totalled 2,150 transactions, down 3.5% year-on-year, while new listings declined 7.6%. Inventory remained elevated, with active listings more than 34% above the region’s 10-year average. The benchmark price for all residential properties stood at $1,100,700, down 6.2% year-on-year, giving buyers more selection and keeping price growth contained. Outlook Canada’s housing market is expected to move toward steadier conditions in the coming months. If buyer demand continues to recover and supply tightens further in key cities, price declines may moderate. For buyers, the current market still offers choice and negotiating room. For sellers, improving activity is positive, but realistic pricing remains essential. Download to see insights from other country marketsDownload