Canadian home sales inch higher

Canadian home sales rose 0.5% in June 2026, marking three consecutive months of gains and lifting activity 7% above March levels. The national average home price increased 0.5% year-over-year to $696,078. Fixed mortgage rates eased, stabilizing prices in many markets. However, annual sales forecasts were revised down by 1.4% due to a weak first half and rate-driven market drag. Inventory tightened, signaling balanced conditions.