Canadian home sales dropped 8.1% year-over-year in February 2026, with prices slightly down and listings declining.

Home sales in Canada fell 8.1% year-over-year in February 2026, with a 1.3% drop on a seasonally adjusted basis, according to CREA. The national average home price edged down 0.2% from a year earlier to $663,828, while new listings declined 3.9% from January. Active listings totaled 151,850—up 3.7% from a year prior but 12.3% below the long-term average. CREA remains optimistic about a spring rebound, citing pent-up demand from first-time buyers, though some buyers in Ontario and British Columbia are delaying purchases amid price uncertainty.