The Canadian Actual Property Affiliation says residence gross sales continued transferring at a gradual tempo in February however exercise began to select up close to the tip of the month.
The variety of properties that modified fingers all through the nation was 8.1 per cent decrease than February 2025, whereas gross sales additionally fell 1.3 per cent month-over-month on a seasonally adjusted foundation.
Regardless of a quiet begin to the yr, CREA senior economist Shaun Cathcart says the affiliation nonetheless expects pent-up demand from first-time consumers will translate to gross sales in 2026, with the caveat that “some will little doubt proceed to carry off for a backside in costs in some Ontario and British Columbia markets.”
The nationwide common sale worth in February ticked 0.2 per cent decrease from a yr in the past to $663,828.
The variety of newly listed properties fell 3.9 per cent month-over-month, erasing the soar recorded in January.
CREA says there have been 151,850 properties listed on the market on all Canadian MLS techniques on the finish of February, up 3.7 per cent from a yr earlier however 12.3 per cent under the long-term common for that point of yr.
This report by The Canadian Press was first revealed March 17, 2026.
Sammy Hudes, The Canadian Press