Canadian Housing Stalls as Rate Hike Fears Mount and Borrowing Costs Climb

$657,400 — the national benchmark home price in August, completely flat from July and unchanged for three months, the longest stretch of price stability since 2024.

Money Moves

• Home prices flatline: CREA reports the national benchmark held at $657,400 in August, down 3% year-over-year and 0.6% from six months ago — a fresh setback for anyone hoping for a rebound.
• Sales slip, listings rise: Seasonally adjusted home sales dropped 0.7% from July and...