Canada Resales Post Strong Monthly Gain

In Mid-Q2 2026, Canadian home resales ↑~6% MoM, marking a second straight uptick and the strongest monthly gain in 18 mo nationally.
National resale activity moved nearly in line with yearly levels, but volumes still trailed pre-pandemic avg. across most major Canadian markets currently.
New listings ↓~1% MoM, pushing Canada's sales-to-new-listings ratio to ~49%, its highest 2026 reading so far as supply tightened for buyers watching conditions.
Canada's composite price index was essentially flat MoM, with ample inventory tempering price growth despite firmer demand; national prices remained ↓~4% yearly overall.
Recovery remained fragile: labour trends, geopolitical tensions, and tariff policy were expected to shape Canada's second-half trajectory and borrowing decisions through 2026.