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Home sales in Canada barely moved in November, dropping 0.6 per cent from October, according to Canadian Real Estate Association (CREA)‘s monthly data released on Monday.
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CREA said its home price index fell 0.4 per cent between October and November. The national average home price was $682,219, down two per cent from 2024.
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The report also said monthly activity dropped 10.7 per cent from November 2024.
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“At this point it’s looking like the mid-year rally in housing demand has veered into more of a holding pattern heading into 2026,” CREA’s senior economist Shaun Cathcart said.
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He added that there appears to have been some price concessions by sellers in November in order to get deals done before the end of the year.
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More to come …
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