Canadian Existing-Home Sales Fall in November
Canadian Home Sales Holding Steady Heading into 2026
On Monday, the Canadian Real Estate Association (CREA) reported that existing-home sales recorded over Canadian MLS Systems declined 0.6% in November. Sales remained well above April levels but have been mostly unchanged since July.
As of the end of November, 173,000 properties were listed for sale across Canada, up 8.5% from a year earlier but 2.5% below the long-term average for this time of year.
New listings fell 1.4%. With sales edging higher relative to new supply, the national sales-to-new listings ratio tightened to 52.2%, compared with 51% in September. CREA noted that the long-term average is 54.9%, with readings between 45% and 65% generally consistent with balanced market conditions.
There were 4.4 months of inventory on a national basis at the end of November, little changed from July, August, September, and October. The long-term average for this measure of market balance is five months.
The non-seasonally adjusted national average home price was $682,219 in November, down 2% from a year earlier.
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