Daniel Foch on YouTube
Don't Fall for the May Sales Headlines—Here's What Actually Happened (Market Update)
Published June 17, 2026
Topics: Housing Market
About this video
Canada Home Sales ‘Jump’ in May—But the Market Is Still Weak (Tale of Two Markets)
The script critiques CREA’s headline that Canadian home sales “jumped” in May, arguing month-over-month gains from April to May are normal seasonality and can mislead. Looking at year-over-year data, sales are still below last year and among the lowest May levels since 2003, with last year already very weak and even weaker on a per-capita basis. While supply is tightening modestly and new listings remain relatively elevated, prices have not confirmed a turnaround: the CREA HPI fell 0.1% month over month and 4.1% year over year, and average price increases can reflect mix and geography. The biggest theme is a split market: many provinces are up since the rate-hiking cycle began, while Ontario and BC are down, leaving affordable regions stronger and unaffordable regions weaker.
00:00 May Sales Headline
00:14 Seasonality vs Reality
00:40 How Weak Is May
01:34 Supply Tightening Check
01:43 Prices and Two Markets
02:27 Provincial Winners Losers
03:23 Balanced or Not
04:20 CREA Spin on Data
05:08 Year Over Year Reality
06:08 Turnaround Doubts Wrap
Put this video to work
Browse live cap rates and rental yields across Canadian markets — free.
Related Videos
- Canada's Housing Market Just Hit Rock Bottom (Worst Market Ever) ...Here's What Happens Next)
- Canada has a condo absorption problem hiding inside an affordable housing announcement.
- The $3.2B Condo Market Rescue Everyone is Talking About (Federal Government Bailout?!)
- May home sales bounced. That does not mean Canada’s housing market is back.