{"id":27920,"date":"2026-06-22T10:10:44","date_gmt":"2026-06-22T17:10:44","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27920"},"modified":"2026-06-21T15:53:17","modified_gmt":"2026-06-21T22:53:17","slug":"national-housing-market-balance-tightened-without-reaching-the-long-term-average","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/","title":{"rendered":"National Housing Market Balance Tightened, Without Reaching The Long-Term Average"},"content":{"rendered":"<p style=\"text-align: justify;\">Ottawa, ON June 16, 2026 \u2013 The number of home sales recorded over Canadian MLS\u00ae Systems increased 5.5% on a month-over-month basis in May 2026.<\/p>\n<p style=\"text-align: justify;\">\u201cThe national sales increase from April to May was broad-based but driven disproportionately by Ontario, suggesting the HST rebate on new builds may have only briefly drawn the attention of buyers away from the existing home market,\u201d said Shaun Cathcart, CREA\u2019s Senior Economist. \u201cWhile it was just the first month in 2026 to see any meaningful upward momentum in headline demand, under the surface conditions have been improving for some time. Sellers\u2019 and buyers\u2019 expectations are increasingly aligned, as evidenced by tightening sale-to-list price ratios and shorter periods between listing and sale dates. As a result, prices have largely stabilized following some softness earlier in the year.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>May Highlights :<\/strong><\/p>\n<p style=\"text-align: justify;\"><em>\u2022 National home sales jumped 5.5% month-over-month.<\/em><br \/>\n<em>\u2022 Actual (not seasonally adjusted) monthly activity came in 5.1% below May 2025.<\/em><br \/>\n<em>\u2022 The number of newly listed properties edged down 1% on a month-over-month basis.<\/em><br \/>\n<em>\u2022 The MLS\u00ae Home Price Index (HPI) inched down by 0.1% month-over-month and was down 4.1% on a year-over-year basis.<\/em><br \/>\n<em>\u2022 The actual (not seasonally adjusted) national average sale price was up 1.5% on a year-over-year basis in May 2026.<\/em><\/p>\n<p style=\"text-align: justify;\">New listings fell back by 1% on a month-over-month basis in May 2026. Combined with the jump in sales in May, the national sales-to-new listings ratio tightened to 49.2% compared to 46.2% in April. 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;\">\u201cLike the weather in many parts of Canada this year, the spring market appears to have been delayed by a month or so, but the May numbers left little doubt that activity is now picking up,\u201d said Garry Bhaura, CREA Chair. \u201cThe handoff from May into June is typically the busiest time of the year, so we now have a strengthening market happening at the most active time of the year. If you have been on the fence this year as either a buyer or as a seller waiting for a sign, this could be it, and the first step in coming off the sidelines is to get in touch with a REALTOR\u00ae in your area.\u201d<\/p>\n<p style=\"text-align: justify;\">There were just over 200,000 properties listed for sale on all Canadian MLS\u00ae Systems on a non-seasonally adjusted basis at the end of May 2026, unchanged from a year earlier and 2.8% below the long-term average for that time of the year.<\/p>\n<p style=\"text-align: justify;\">There were 4.8 months of inventory on a national basis at the end of May 2026, down from 5.1 months in February, March, and April. This remains very close to the long-term average for the measure of five months. 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 0.1% on a month-over-month basis in May. Aside from April, this was the smallest decline since January 2025. This trend of prices stabilizing aligns with sale-to-list price ratios that have been tightening up and days on market that have been edging lower in recent months. Price stabilization has long been an important milestone necessary for buyers to eventually start re-entering the market in larger numbers.<\/p>\n<p style=\"text-align: justify;\">The non-seasonally adjusted National Composite MLS\u00ae HPI was down 4.1% compared to May 2025, recording the smallest year-over-year decline so far in 2026.<\/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 $702,079 in May 2026, up 1.5% from the same month last year. It was the highest monthly national average home price in two years and the first time the measure has tipped above the $700,000 mark in 23 months.<\/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 national statistics.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/stats.crea.ca\/en-CA\/\" target=\"_blank\" rel=\"noopener\">Canadian Home Sale Jump Following Slower Spring Start<\/a> by CREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ottawa, ON June 16, 2026 \u2013 The number of home sales recorded over Canadian MLS\u00ae Systems increased 5.5% on a month-over-month basis in May 2026. \u201cThe national sales increase from &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/\">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-27920","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 v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>National Housing Market Balance Tightened, Without Reaching The Long-Term Average &#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\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"National Housing Market Balance Tightened, Without Reaching The Long-Term Average &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Ottawa, ON June 16, 2026 \u2013 The number of home sales recorded over Canadian MLS\u00ae Systems increased 5.5% on a month-over-month basis in May 2026. \u201cThe national sales increase from &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/06\\\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/06\\\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"National Housing Market Balance Tightened, Without Reaching The Long-Term Average\",\"datePublished\":\"2026-06-22T17:10:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/06\\\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\\\/\"},\"wordCount\":642,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\",\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/06\\\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/06\\\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/06\\\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\\\/\",\"name\":\"National Housing Market Balance Tightened, Without Reaching The Long-Term Average &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2026-06-22T17:10:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/06\\\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/06\\\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/06\\\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"National Housing Market Balance Tightened, Without Reaching The Long-Term Average\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"National Housing Market Balance Tightened, Without Reaching The Long-Term Average &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/","twitter_card":"summary_large_image","twitter_title":"National Housing Market Balance Tightened, Without Reaching The Long-Term Average &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Ottawa, ON June 16, 2026 \u2013 The number of home sales recorded over Canadian MLS\u00ae Systems increased 5.5% on a month-over-month basis in May 2026. \u201cThe national sales increase from &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"National Housing Market Balance Tightened, Without Reaching The Long-Term Average","datePublished":"2026-06-22T17:10:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/"},"wordCount":642,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Market Updates","Real Estate"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/","url":"https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/","name":"National Housing Market Balance Tightened, Without Reaching The Long-Term Average &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2026-06-22T17:10:44+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-balance-tightened-without-reaching-the-long-term-average\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"National Housing Market Balance Tightened, Without Reaching The Long-Term Average"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/27920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=27920"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/27920\/revisions"}],"predecessor-version":[{"id":27922,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/27920\/revisions\/27922"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=27920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=27920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=27920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}