The Canadian Actual Property Affiliation says residence gross sales in Might had been down in contrast with a 12 months in the past, however there was “significant upward momentum” month-over-month for the primary time this 12 months.
The group says residence gross sales in Might totalled 47,014, down 5.1 per cent from Might 2025.
Nevertheless, exercise was up 5.5 per cent on a seasonally adjusted foundation in contrast with April this 12 months.
Shaun Cathcart, CREA’s senior economist, says situations have been enhancing beneath the floor for a while, as expectations of each sellers and consumers are more and more aligned which helps costs stabilize.
The nationwide common sale worth of a house bought in Might was $702,079, up 1.5 per cent on a year-over-year foundation, and the very best it’s been in two years.
CREA says new listings for Might had been down one per cent on a month-over-month foundation.
This report by The Canadian Press was first revealed June 16, 2026.
Sammy Hudes, The Canadian Press
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