Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeReal EstateCanadian home sales rise for third consecutive month as new listings fall: CREAThe gap between buyer demand and new supply is narrowingLast updated 52 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.A home for sale on Beach Boulevard in Hamilton, Ont. Photo by Peter Power/Postmedia filesCanada’s real estate market continued to stabilize in June as home sales rose for a third straight month while fewer properties were listed, interrupting a prolonged slide in home prices.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorAccording to the Canadian Real Estate Association (CREA), national home sales rose 0.5 per cent from May on a seasonally adjusted basis, marking the third consecutive monthly increase after jumping by 5.5 per cent in May and 0.9 per cent in April.Meanwhile, new listings fell 1.3 per cent for a second straight month, pushing the national sales-to-listings ratio to about 50 per cent for the first time this year — meaning that the gap between buyer demand and new supply is narrowing.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againThe combination of increased sales and fewer new listings suggests buyers are returning while supply is becoming more constraint, though prices have yet to follow.The national composite MLS home price index was unchanged from May — the first month-over-month reading without a decline since January 2025. The benchmark home price stood at $657,700 in June, slipping 3.6 per cent from a year earlier, but the smallest annual drop since October 2025.“June’s housing numbers continued to build momentum following the late start to the year in May, with virtually every metric moving in the right direction,” Shaun Cathcart, CREA’s senior economist, said in a statement.Cathcart said lower fixed mortgage rates, the fading expectation of further Bank of Canada rate hikes and stabilized home prices have encouraged more buyers to enter the market. He said CREA expects housing activity to ramp up in the second half of the year.National inventory remained relatively balanced in June. There were 208,578 properties listed across the Canadian MLS system, up a mere 0.6 per cent year over year, while months of inventory held steady at 4.8 months, the lowest level so far this year.CREA said annual benchmark price declines in British Columbia, Alberta and Ontario have become less pronounced as prices stabilized in recent months.More to come… Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.