Canada Housing Research Brief

Firmer conditions taking hold. Housing market momentum continued to build in Canada, as home sales rose 0.9 per cent monthly in October — marking six jumps in the past seven months. This comes as lower borrowing costs boost confidence, buyers adjust to tariff-related uncertainties, and the nation’s labour market shows greater resilience than initially feared. New listings also fell 1.4 per cent, pushing the sales-to-new-listings ratio up to 52.2 per cent and signaling broadly balanced conditions. The median price of a single-family home rose 0.3 per cent from September, narrowing the year-over-year decline to 2.6 per cent. Inventory held at 4.4 months, its lowest level since January and below the long-term average of five months, highlighting how underlying demand is steadily rebuilding even as actual sales remain 4.3 per cent below last year’s level.