Canadian Existing-Home Sales Fall in January
Canadian Home Sales Begin 2026 on Ice as Snow Buries Central Canada
On Wednesday, the Canadian Real Estate Association (CREA) reported that existing-home sales recorded over Canadian MLS Systems fell 2.7% in January.
As of the end of January, 140,680 properties were listed for sale, up 4.5% from a year earlier but 11.4% below the long-term average for this time of year.
New listings rose 7.3%, similar to January 2025, as sellers appeared eager to start the year.
There were 4.9 months of inventory nationally at the end of January, up from 4.6 months at the end of December. The long-term average for this measure of market balance is five months. Based on one standard deviation above and below that average, a seller’s market would be below 3.6 months, while a buyer’s market would be above 6.4 months.
The non-seasonally adjusted national average home price was CA$652,941 in January, down 2.6% from the same month last year.
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