Home sales on Canadian MLS® Systems fell 2.3% month-over-month in September 2026 and were 7.7% below September 2025 on an unadjusted basis. CREA said the slowdown followed a sharp jump in fixed mortgage rates, with the Bank of Canada widely expected to raise rates before year-end. New listings fell 1.8% month-over-month, leaving national inventory at about 4.9 months, close to the long-term average. The National MLS® Home Price Index edged down 0.4% from August and was down 3.4% year-over-year, reflecting a fresh decline in Ontario, while the average home price was $666,538, down 1.6% from a year earlier. The national sales-to-new listings ratio eased to 48.8% from 49.1% in August, below the 54.7% long-term average.
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Related tickers and likely impact
USD/CAD
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/15/2026 | 1.41850 |
| Change that session | -0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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