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

In the latest snapshot of the Canadian housing market, we’re seeing a move toward more balanced conditions: home sales have edged up by 0.5%, while new listings have slipped by 1.6%. With a sales-to-new listings ratio now at 51.3% and just 4.7 months of inventory available, things remain tight for buyers and sellers alike. Prices are holding steady, showing only modest growth. As a Homelife Higher Standards Sales Representative, I’m here to help guide you through these shifting regional dynamics, ensuring you’re prepared for each step of your real estate journey.