• Home sales decreased by 1.7% from August to September at the national level, the first contraction following five consecutive monthly increases.
• On the supply side, new listings edged down 0.8% from August to September, the first decline in three months.
• Active listings decreased by 1.7% in September, the third contraction in four months as cancelled listings continue to be elevated.
• Market conditions remained unchanged during the month and continue to indicate a balanced market compared to the historical average. Still, the balanced market conditions at the national level largely reflect soft conditions in Ontario and B.C., while markets in all other provinces continue to favour sellers.
• Housing starts rose by 34.7K from 244.5K in August to 279.2K in September (seasonally adjusted and annualized). This increase offsets some of the 48.6K decline seen in August and brings starts above consensus expectation of 257.5K. Starts rose in urban areas (+34.9K to 254.3K), while they remained essentially unchanged in rural areas (-0.2K to 24.9K). In urban centres, the gain stemmed mainly from the multi-unit segment (+34.0K to 213.3K), while the increase in the single-detached segment was more muted (+0.9K to 41.0K).
• The Teranet–National Bank Composite National House Price Index rose by 0.2% from August to September after seasonal adjustment. Six of the 11 CMAs included in the index saw increases: Montreal (+2.4%), Quebec City (1.3%), Hamilton (+1.3%), Halifax (+1.1%), Vancouver (+0.1%) and Ottawa-Gatineau (+0.1%). Conversely, prices declined in Winnipeg (-1.2%), Calgary (-0.8%), Toronto (-0.3%) and Edmonton (-0.1%), while they remained stable in Victoria.

https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-market.pdf