June 2026: Sales Climb, Prices Stabilize, and Confidence Returns to Canada’s Housing Market

Canada’s housing market continued to gain momentum in June 2026, with national home sales rising 0.5% from May. This marks the third consecutive month of growth, following stronger gains in April and May, leaving sales activity approximately 7% higher than it was in March. Compared to June 2025, actual home sales were also up 0.9%, pointing to a steady recovery in buyer activity.

Market conditions are becoming more balanced as new listings declined by 1.3% for the second straight month while sales continued to edge higher. As a result, the national sales-to-new listings ratio improved to 50.2%, moving back above the 50% mark for the first time this year. This suggests that supply and demand are becoming more aligned, creating healthier market conditions for both buyers and sellers.

Home prices also showed signs of stabilization. The national Home Price Index remained unchanged from May to June, ending a stretch of monthly declines that began in early 2025. While prices remain 3.6% lower than they were a year ago, the pace of those declines has slowed considerably. The national average sale price reached $696,078 in June, representing a modest 0.5% increase compared to the same month last year.

Inventory levels remained relatively steady, with just over 208,000 properties listed for sale across the country at the end of June. There were 4.8 months of inventory available, unchanged from May and slightly below the long-term average of five months. These conditions continue to reflect a generally balanced market, with neither buyers nor sellers holding a significant advantage nationally.

Looking ahead, improving borrowing conditions and stabilizing home values are expected to encourage more buyers to return to the market. While activity may slow temporarily during the summer months, current trends suggest a stronger and more active housing market could emerge in the fall as more buyers and sellers move forward with their plans.