The number of home sales recorded over Canadian MLS® Systems edged up a further 0.5% on a month-over-month basis in June 2026. This builds on the 5.5% jump recorded in May and the 0.9% increase in April, placing national activity some 7% above where it stood in March.
The Bank of Canada held interest rates steady for a sixth consecutive meeting as policymakers see the economy rebounding and oil price-driven inflation fading.
Greater Toronto Area (GTA) housing market conditions continued to improve in June, with sales growing quite strongly year-over-year while new listings declined over the same period. For the first half of 2026, sales have also edged higher compared to the first six months of 2025, with new listings down substantially.
Landlords across Canada are now dangling two months of free rent to fill empty units, the sharpest signal yet that the country's 20-month rent slide still has room to run.
The Greater Toronto Area housing market continued to gain momentum in May, posting its third consecutive month of year-over-year sales growth and suggesting that buyer confidence is gradually returning.
The Ontario government has opened applications for a new funding initiative designed to lower construction costs and help speed up the delivery of new housing across the province.
Canada's housing market inched forward in April, but the gains were shadowed by surging oil prices, geopolitical turbulence from the conflict in Iran, and the spectre of a Bank of Canada rate hike. Together, these forces threaten to cap any meaningful recovery this year.