The Canadian Real Estate Association (CREA) has released its July 2026 data, confirming a reassuring shift across the housing landscape: markets are steadily returning to a balanced state.
Key Highlights
- Market Equilibrium: Beneath top-line figures, CREA economists note that markets across the country are moving back toward a healthy balance between buyers and sellers.
- Month-over-Month Gain: On a seasonally adjusted basis, home sales rose 0.5% compared to June, pointing to calm, sustained activity rather than a frenzy.
- Controlled Supply: New listings dipped 1.6% month-over-month, keeping inventory steady without overwhelming the market.
- Stable Valuations: The national average sale price held virtually flat at $674,819—up just 0.2% year-over-year.
What This Means for You
A balanced market takes away the extreme volatility of past cycles. Buyers gain the time needed for thorough due diligence, while sellers benefit from predictable pricing conditions.
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P.S.: Before you start shopping for your next home, try out the new interactive mortgage calculators on our site to run your numbers.
Source: CBC, August 18, 2026
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