Canadian home sales post first ‘meaningful’ gain in 2026, CREA says (opens original article in a new tab)

Canadian home sales rose 5.5% in May, marking the first significant gain of 2026 according to CREA, with prices stabilizing and market conditions tightening.

• Canadian home sales increased 5.5% in May compared to April
• Home prices stabilized with a 0.1% monthly decline to $657,000
• Market conditions tightened with a sales-to-new-listings ratio of 49.2%
• Ontario drove the majority of the sales increase