Canadian Real Estate Association (CREA) — National Stats

February 2026 Update (reflecting January 2026 data)

• Canadian home sales increased modestly month-over-month in January, reflecting a typical rebound following the December slowdown.

• Sales levels remain slightly below January 2025 activity, indicating continued buyer caution.

• The MLS® Home Price Index remained relatively stable, with small month-over-month movements reflecting price stabilization across several markets.
• The national average home price remained around the mid-$670,000 range, largely unchanged from late-2025 levels.
• Inventory levels remain balanced nationally, with approximately 4.5 to 5 months of inventory available.

Market Narrative:

CREA characterized the market entering February 2026 as balanced and stabilizing, with modest improvements in activity expected as the spring market approaches.

Toronto Regional Real Estate Board (TRREB)

February 2026 Context

• GTA housing activity showed modest improvement compared with late-2025 levels, though sales volumes remain below historical norms.
• Average selling prices remain below the peak levels observed in previous years, reflecting continued affordability adjustments.
• New listings have increased moderately, helping maintain balanced market conditions.

Other Regional Boards & Indexes

Benchmark price trends across Canada remain mixed by region, with Ontario and British Columbia showing moderate price adjustments while Quebec and Prairie markets remain comparatively stable.

Atlantic Canada continues to show less volatility than larger urban housing markets, supported by stable demand.