Canadian February Home Sales Down 1.3%, Prices Continue to Decline

LootboxPhobia · 2026-03-17T12:14:08+00:00

The Canadian Real Estate Association report shows that February home sales declined 1.3% compared to January, marking the second consecutive month of decline, with home prices continuing to fall. New listings declined 3.9% month-over-month, and the sales-to-new-listings ratio remains below the long-term average, despite some signs of increased activity.

LootboxPhobia

2026-03-17 12:14:08

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Investing.com – Data released by the Canadian Real Estate Association on Wednesday shows that Canadian home sales in February decreased by 1.3% compared to January, marking the second consecutive month of decline. Home prices also continued the downward trend that began earlier this year.

The industry organization’s home price index fell by 0.6% month-over-month and declined by 4.8% year-over-year. Seasonally unadjusted sales volume decreased by 8.1% year-over-year, following a 5.8% decline in January.

New listings in February dropped by 3.9% month-over-month. The sales-to-new-listings ratio slightly narrowed from 46.4% in January to 47.6%, still well below the long-term average.

Despite the overall downward trend, the Canadian Real Estate Association noted some signs of increased activity at the end of February.

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