Daniel Foch on YouTube
Why Canadian Home Sales Are Hitting RECORD Lows | What You Need To Know
Published September 18, 2026
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Canada’s Slowest August Home Sales Since 2003: Buyers Gain Leverage as Rates & Uncertainty Rise
Canadian home sales fell to about 37,000 in August, down 7% year over year and 0.7% from July, marking the slowest August in at least 23 years and even weaker on a per-capita basis despite population growth. The slowdown is broadening beyond Ontario and B.C., with declines in Alberta (-11.5%), Quebec (-7.3%), New Brunswick (-8.7%), and softer volume even in Saskatchewan amid major investment news. Nationally, new listings rose 3.3% while sales fell, pushing the sales-to-new-listings ratio down to 49.1% and favoring buyers. Price signals are mixed (average up slightly, benchmark down 3%), with expensive markets down and cheaper markets still up year over year but losing momentum. The episode highlights rising bond yields, higher fixed mortgage rates, possible Bank of Canada pressure to hike after the Fed, and oil-driven inflation risks as key headwinds for a weak fall market.
00:00 Sales Hit 23 Year Low
00:30 Why Recovery Looks Weak
01:21 August Numbers Breakdown
02:28 Slowdown Spreads Nationwide
04:00 Listings Rise Buyers Gain
06:42 Inventory And Price Metrics
08:01 Market By Market Trends
10:03 Oil Fed And Rate Risks
13:39 Fall Outlook And Wrap Up
#canada #realestate #realtor #canadaeconomy
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