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flag Canadian home sales fell 16.2% YoY in Jan. 2026 due to a winter storm, not weak demand.

flag Canadian home sales dropped 16.2% year-over-year in January 2026, with a 5.8% decline from December, largely due to a severe winter storm in southern Ontario, not weakening demand. flag New listings rose 7.3% from December, and the national average home price fell to $652,941, a 2.6% drop from a year earlier. flag Despite the decline, CREA forecasts 494,512 sales in 2026, a 5.1% increase, with prices expected to rise 2.8% annually.

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