Canadian Housing Market Shows First Signs of Price Stabilization as Sales Climb

Canadian home prices recorded their first month-over-month increase in more than a year and a half, with the benchmark price rising 0.1% in July to $658,000 — though still down 3.2% year-over-year, according to CREA data released today.

The uptick marks a modest turning point after 20 consecutive months of declines, though national sales volumes remain 5.3% below July 2025 levels. Analysts caution this is stabilization,...