{"id":27967,"date":"2026-06-25T10:10:36","date_gmt":"2026-06-25T17:10:36","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27967"},"modified":"2026-06-24T15:59:33","modified_gmt":"2026-06-24T22:59:33","slug":"national-housing-market-improving-as-shorter-selling-time-tighter-sale-to-list-price-ratios","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-improving-as-shorter-selling-time-tighter-sale-to-list-price-ratios\/","title":{"rendered":"National Housing Market Improving as Shorter Selling-Time &#038; Tighter Sale-to-List Price Ratios"},"content":{"rendered":"<p style=\"text-align: justify;\">Home sales in Canada increased 5.5% on a month-over-month basis in May 2026, according to the latest data from the Canadian Real Estate Association (CREA).<\/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.<\/p>\n<p style=\"text-align: justify;\">New listings fell by 1%. 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.\u201d<\/p>\n<p style=\"text-align: justify;\">There were just over 200,000 properties listed for sale on a non-seasonally adjusted basis at the end of May, 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, down from 5.1 months in February, March, and April. CREA says 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 average home price was $702,079, 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;\">The Home Price Index (HPI) slipped 0.1% in May\u2014the smallest decline since January 2025, aside from April. This trend toward price stabilization aligns with tightening sale-to-list price ratios and declining days on market in recent months. Stable prices have long been viewed as a key milestone in restoring buyer confidence and encouraging more purchasers to re-enter the market.<\/p>\n<p style=\"text-align: justify;\">Regionally, prices remain down year-over-year in British Columbia, Alberta, and Ontario, offsetting gains in other provinces.<\/p>\n<p style=\"text-align: justify;\">\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,\u201d observed Cathcart. \u201cSellers\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><a href=\"https:\/\/www.reminetwork.com\/articles\/national-home-sales-jump-5-5-may\/\" target=\"_blank\" rel=\"noopener\">National Home Sales Increase 5.5% in May<\/a> by The REMI Network<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home sales in Canada increased 5.5% on a month-over-month basis in May 2026, according to the latest data from the Canadian Real Estate Association (CREA). \u201cThe national sales increase from &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/06\/national-housing-market-improving-as-shorter-selling-time-tighter-sale-to-list-price-ratios\/\">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-27967","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 v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>National Housing Market Improving as Shorter Selling-Time &amp; 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