From Financialpost · · 50s
Canadian Home Sales Drop in September
Canadian home sales fell 2.3% month-over-month in September 2026 as mortgage rates rose.
In brief
Canadian home sales fell 2.3% month-over-month in September 2026 as mortgage rates rose. Canadian home sales declined 2.3% month-over-month in September 2026 amid rising mortgage rates. Originally reported by Financialpost.
September Home Sales
Canadian home sales fell 2.3% month-over-month in September 2026.
Monthly Sales Decline
National home sales declined by 2.3% month-over-month, down 7.7% from September 2025.
New Listings Drop
Newly listed properties fell 1.8% month-over-month in September 2026.
Price Index Decline
The MLS® Home Price Index edged down 0.4% month-over-month and was down 3.4% year-over-year.
Price Drop
The national average sale price fell 1.6% year-over-year in September 2026.
Market Uncertainty
Shaun Cathcart, CREA’s Senior Economist, warned of housing market uncertainty as mortgage rates rose.
Next Steps
Housing market uncertainty may push buyers back to the sidelines until mortgage rates stabilize.
The main idea
Canadian home sales declined 2.3% month-over-month in September 2026 amid rising mortgage rates.
