{"id":574150,"date":"2026-08-19T21:10:12","date_gmt":"2026-08-19T21:10:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/574150\/"},"modified":"2026-08-19T21:10:12","modified_gmt":"2026-08-19T21:10:12","slug":"four-straight-monthly-gains-cant-hide-how-far-canadas-housing-market-has-to-go","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/574150\/","title":{"rendered":"Four straight monthly gains can’t hide how far Canada’s housing market has to go"},"content":{"rendered":"

That arithmetic alone captures the market’s predicament. New listings fell a further 1.6% in July from June, reducing earlier concerns that a concentration of mortgage renewals could produce a wave of distressed selling.\u00a0<\/p>\n

<\/p>\n

Canadian home sales extended their recovery in July, with the Canadian Real Estate Association (CREA) reporting a fourth consecutive monthly gain as tightening supply and stabilising prices nudge the national market closer to balance.https:\/\/t.co\/GDRsSHHZVC<\/a><\/p>\n


\n\u2014 Canadian Mortgage Professional Magazine (@CMPmagazine) August 18, 2026<\/a><\/p>\n

A floor appears to be forming under home prices<\/p>\n

The national aggregate MLS Home Price Index rose for a second consecutive month in July,\u00a0back-to-back gains not recorded since early 2024, according to Hogue.<\/p>\n

That sequential advance, however tentative, signals that the cyclical price floor may be in place at the national level, even if the road to recovery from there is a slow one.<\/p>\n

The rebalancing has been driven partly by stabilizing inventory in Ontario and British Columbia, where listings had accumulated rapidly over the past three years.<\/p>\n

Ontario is showing the clearest signs of momentum: resales climbed in Toronto, Hamilton, Kitchener-Waterloo, London, and Ottawa in July, with benchmark values rising in Toronto and Ottawa. Year-over-year, however, transactions and prices across most of the province remain below 2025 levels.<\/p>\n","protected":false},"excerpt":{"rendered":"That arithmetic alone captures the market’s predicament. New listings fell a further 1.6% in July from June, reducing…\n","protected":false},"author":2,"featured_media":574151,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,283005,47694,219,111,139,69,180027],"class_list":["post-574150","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-canada-home-sales","tag-canadian-housing-market","tag-economy","tag-new-zealand","tag-newzealand","tag-nz","tag-rbc-economics"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/574150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=574150"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/574150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/574151"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=574150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=574150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=574150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}