1 week ago
11
PROTECT YOURSELF with Orgo-Life® QUANTUM TECHNOLOGY
Orgo-Life the new way to the future Advertising by Adpathway
Article content
Canadian home sales fell 2.3 per cent month over month in September as higher mortgage rates weighed on buyers, according to figures released Friday by the Canadian Real Estate Association.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The seasonally adjusted decline from August came as transactions dropped 7.7 per cent compared with September 2025.
Article content
Article content
“After a four-month run of modestly positive progress on demand, supply and prices, many of Canada’s housing markets took a step back in September,” CREA senior economist Shaun Cathcart said.
Article content
Advertisement 1
Article content
“This was hardly surprising given the latest jump in fixed mortgage rates, and with the Bank of Canada now widely expected to follow with a rate hike before the end of the year.”
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The national benchmark home price fell to $652,800 in September, down 0.4 per cent from August and 3.5 per cent from a year earlier.
Article content
New listings declined 1.8 per cent month over month, while the sales-to-new-listings ratio edged down to 48.8 per cent from 49.1 per cent in August, remaining within the range CREA considers balanced between buyers and sellers.
Article content
CREA also downgraded its sales forecast, projecting 444,530 transactions in 2026, a 5.2 per cent decline from last year, followed by 4.4 per cent rebound in 2027.
Article content
“With housing affordability already stretched, the big question going forward is how much farther will the bank have to go to keep a lid on inflation next year?” Cathcart said. “Until that becomes clearer, this fresh round of uncertainty will likely send some buyers back to the sidelines.”
Article content
More to come…
Article content
Article content
English (US) · 
French (CA) · 
French (FR) ·