Esther Bongok Lee

The number of home sales recorded over Canadian MLS® Systems edged up a further 0.5% on a month-over-month basis in June 2026. This builds on the 5.5% jump recorded in May and the 0.9% increase in April, placing national activity some 7% above where it stood in March.

“June’s housing numbers continued to build momentum following the late start to the year in May, with virtually every metric moving in the right direction,” said Shaun Cathcart, CREA’s Senior Economist. “Looking ahead, fixed mortgage rates have eased from their peak in April, and rate hikes from the Bank of Canada this year are much less likely than they were just a month ago. This is good news for borrowers. Additionally, home prices are no longer falling in most of the markets where they were previously, which had likely been keeping a lot of buyers waiting on the sidelines. As such, we continue to expect the second half of the year to be quite a bit more active than the first half, similar to sales activity in 2024 and 2025.”

June Highlights:

• National home sales edged up 0.5% month-over-month.
• Actual (not seasonally adjusted) monthly activity came in 0.9% above June 2025.
• The number of newly listed properties declined 1.3% on a month-over-month basis.
• The MLS® Home Price Index (HPI) was unchanged month-over-month and was down 3.6% on a year-over-year basis.
• The actual (not seasonally adjusted) national average sale price was up 0.5% on a year-over-year basis in June 2026.

https://www.crea.ca/media-hub/news/canadian-home-sales-activity-little-changed-in-march-2-2-2/