TD Economics has cut its outlook for Canadian home sales. It warns that climbing bond yields, which set the price of fixed mortgage rates, will keep the resale market subdued through 2027, even with the Bank of Canada (BoC) on the sidelines. https://t.co/vqWoHwSeuk
— Canadian Mortgage Professional Magazine (@CMPmagazine) October 1, 2026
Inventory retreats but stays above seasonal norms
New listings fell 10.3% year-over-year to 5,852 in September, though the figure remained 5.7% above the 10-year seasonal average.
Total active inventory reached 16,394 properties, a 4% annual decline but still 24.3% above long-term norms.
The sales-to-active listings ratio registered at 10.9% across all property types in September, below the 12% threshold GVR’s historical data links to sustained downward pressure on prices. By segment: detached 9.7%, attached 12.2%, apartments 11.4%.
Prices declining across all property types
The composite MLS Home Price Index benchmark for Metro Vancouver sits at $1,075,900, down 5.5% year-over-year and 0.6% below August.