December sales ↓ 16% MoM; inventory tightened as new listings fell 42.5% MoM.
Average home price: $408,300, ↑ 3.2% YoY; single-family homes ↑ 4.8% YoY.
Condos: prices ↑ 1.4% YoY but remain market's soft spot; sales and prices eased.
Sales-to-new-listings ratio: 106% in December, indicating a sellers market.
Market enters 2026 balanced; detached and townhouse segments expected to outperform condos until supply absorbed.
December sales ↓ 16% MoM; inventory tightened as new listings ↓ 42.5% MoM.
Detached and townhouse prices ↑ MoM and YoY; condos saw price and sales declines.
Avg. home price: $408,300 (+3.2% YoY); single-family: $490,700 (+4.8% YoY); condo: $196,600 (+1.4% YoY).
Sales-to-new-listings ratio: 106% in December, indicating a sellers market.
Market enters 2026 balanced; detached and townhouse segments expected to outperform condos until supply absorbed.
December sales ↓ 16% MoM; inventory tightened as new listings ↓ 42.5% MoM.
Detached and townhouse prices ↑ MoM and
What’s in Store for Canada’s Housing Market in 2026?
Home sales are expected to rebound modestly in 2026, with national transactions forecast to rise about 5%, led mainly by
