CREA data shows home sales up 0.5% while new listings fall 1.6% — regional markets shift toward balanced territory

The Canadian housing market is balancing as home sales rise 0.5% and new listings drop 1.6%, pushing the sales-to-new listings ratio to 51.3%, near the historical average. Regional markets are shifting from seller- or buyer-favored to balanced conditions. Inventory remains tight at 4.7 months, with prices largely stable and modest growth. Some regions still favor sellers, but overall transaction volumes are subdued.