{"id":27588,"date":"2026-04-20T10:10:53","date_gmt":"2026-04-20T17:10:53","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27588"},"modified":"2026-04-20T10:11:44","modified_gmt":"2026-04-20T17:11:44","slug":"canadian-sales-activity-remained-at-lower-levels-still-expected-to-see-a-modest-upward-momentum-in-2026","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/04\/canadian-sales-activity-remained-at-lower-levels-still-expected-to-see-a-modest-upward-momentum-in-2026\/","title":{"rendered":"Canadian Sales Activity Remained at Lower Levels, Still Expected to See A Modest Upward Momentum in 2026"},"content":{"rendered":"<p style=\"text-align: justify;\">Ottawa, ON April 16, 2026 \u2013 The number of home sales recorded over Canadian MLS\u00ae Systems was virtually unchanged (-0.1%) on a month-over-month basis in March 2026.<\/p>\n<p style=\"text-align: justify;\">\u201cHome sales activity remained at lower levels in March, as rising global economic uncertainty, along with a mid-month jump in fixed mortgage rates tied to incoming higher inflation, piled on to an already shaky economic start to the year,\u201d said Shaun Cathcart, CREA\u2019s Senior Economist. \u201c2026 is still expected to see a modest amount of upward momentum in sales and a stabilization in prices as some pent-up first-time buyer demand enters the market, but the forecast for the year has had to be revised downward. The timing of higher mortgage rates, along with the perception they may be temporary, could keep would-be buyers away at the most active time of year \u2013 April, May, and June \u2013 as they wait for rates to come back down.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>March Highlights :<\/strong><\/p>\n<p style=\"text-align: justify;\"><em>\u2022 National home sales were almost unchanged (-0.1%) month-over-month.<\/em><br \/>\n<em>\u2022 Actual (not seasonally adjusted) monthly activity came in 2.3% below March 2025.<\/em><br \/>\n<em>\u2022 The number of newly listed properties edged down 0.2% on a month-over-month basis.<\/em><br \/>\n<em>\u2022 The MLS\u00ae Home Price Index (HPI) fell 0.4% month-over-month and was down 4.7% on a year-over-year basis.<\/em><br \/>\n<em>\u2022 The actual (not seasonally adjusted) national average sale price was down 0.8% on a year-over-year basis in March 2026.<\/em><\/p>\n<p style=\"text-align: justify;\">New listings edged down a slight 0.2% on a month-over-month basis in March 2026. Lower monthly sales numbers so far in 2026 could in part be due to the fact new supply is running at the lowest levels since mid-2024.<\/p>\n<p style=\"text-align: justify;\">With new supply and sales both little changed in March, the national sales-to-new listings ratio remained at 47.8%. The long-term average for the national sales-to-new listings ratio is 54.8%, with readings roughly between 45% and 65% generally consistent with balanced housing market conditions.<\/p>\n<p style=\"text-align: justify;\">\u201cWhile the interest rate situation has recently changed, what could be a challenge for a buyer looking for a fixed rate mortgage may also be seen as more choice and less competition for those choosing a variable rate,\u201d said Garry Bhaura, CREA\u2019s 2026-2027 Chair. \u201cSpring tends to be a busier time of year for the housing market, even if it may not be quite as busy as we were expecting not so long ago. For those of you not impacted by the recent jump in mortgage rates, get working with a local REALTOR\u00ae today.\u201d<\/p>\n<p style=\"text-align: justify;\">There were 167,524 properties listed for sale on all Canadian MLS\u00ae Systems at the end of March 2026, up just 1% from a year earlier and 10.6% below the long-term average for that time of the year. Overall supply has generally been declining since May of last year.<\/p>\n<p style=\"text-align: justify;\">There were five months of inventory on a national basis at the end of March 2026, unchanged from January and February and right in line with the long-term average for the measure. Based on one standard deviation above and below that long-term average, a seller\u2019s market would be below 3.6 months, and a buyer\u2019s market would be above 6.4 months.<\/p>\n<p style=\"text-align: justify;\">The National Composite MLS\u00ae Home Price Index (HPI) edged down 0.4% on a month-over-month basis in March, not a small decline but smaller than in February and just half the decline recorded in January. This aligns with sale-to-list price ratios that have been tightening up in recent months as fewer listings have been coming onto the market. Price stabilization is part of CREA\u2019s forecast for 2026, and will be an important milestone to reach for buyers eventually re-entering the market in larger numbers. The non-seasonally adjusted National Composite MLS\u00ae HPI was down 4.7% compared to March 2025, down slightly from the 4.8% year-over-year decline registered in February.<\/p>\n<p style=\"text-align: justify;\">Regionally, prices remain down on a year-over-year basis in British Columbia, Alberta, and Ontario, offsetting gains in other provinces.<\/p>\n<p style=\"text-align: justify;\">The non-seasonally adjusted national average home price was $673,084 in March 2026, dipping 0.8% from the same month last year.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/stats.crea.ca\/en-CA\/\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the report.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/stats.crea.ca\/en-CA\/\" target=\"_blank\" rel=\"noopener\">Canadian Home Sales Activity Little Changed in March<\/a> by CREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ottawa, ON April 16, 2026 \u2013 The number of home sales recorded over Canadian MLS\u00ae Systems was virtually unchanged (-0.1%) on a month-over-month basis in March 2026. \u201cHome sales activity &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/04\/canadian-sales-activity-remained-at-lower-levels-still-expected-to-see-a-modest-upward-momentum-in-2026\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-27588","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canadian Sales Activity Remained at Lower Levels, Still Expected to See A Modest Upward Momentum in 2026 &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2026\/04\/canadian-sales-activity-remained-at-lower-levels-still-expected-to-see-a-modest-upward-momentum-in-2026\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Canadian Sales Activity Remained at Lower Levels, Still Expected to See A Modest Upward Momentum in 2026 &#8226; 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