- Category:
- Canada
- Data Commentary
- Real Estate
Canadian Existing Home Sales (August 2026)
中文标题
加拿大成屋销售（2026年8月）
Unknown economy
Citable research brief
Core conclusion · Tlines extraction
Canadian existing home sales fell 0.7% m/m in August, ending five straight gains, with Ontario down 3.1% while B.C. rose 3.1%. New listings climbed 3.3% m/m, cutting the sales-to-new listings ratio to 49.1% from 51.1%, well below its long-term average. Average prices rose 0.7% m/m, a sixth consecutive gain, though the MLS home price index slipped 3.0% y/y. Higher bond yields and trade uncertainty weighed on demand, and September data may also be soft.
- Institution
- TD Economics / TD Securities
- Published
- 09/15/2026
- Research topic
- US 10Y Treasury
- Time horizon
- Not explicitly stated
Key arguments
- Five-month streak of sales gains ended as higher bond yields likely drove the pullback in demand.
- Sales-to-new listings ratio fell to 49.1%, well below its long-term average, pointing to modest price growth ahead.
- Regional divergence: Ontario -3.1% m/m and Atlantic declines versus B.C. +3.1% m/m, with Quebec and Alberta flat.
- Average prices rose for a sixth straight month, but the MLS index fell 3.0% y/y, signalling uneven price momentum.
Key numbers
- National existing home sales m/m
- -0.7%
- Ontario sales m/m
- -3.1%
- New listings m/m
- +3.3%
- Sales-to-new listings ratio
- 49.1% (from 51.1%)
- MLS home price index y/y
- -3.0%
Main risks
- Bond yields climbed further in recent weeks, so September sales data could come in soft.
- Loose supply/demand balances in B.C. and Ontario may depress prices there.
- Trade-related uncertainty could continue to weigh on purchaser sentiment.
Corresponding source evidence
• The string of five consecutive monthly Canadian home sales gains was broken in August, with the sharp rise in bond yields likely the largest contributor to the pullback in demand.
Context: the conclusion is Tlines' automated extraction, not the institution's wording. Quoted evidence is publisher wording. Scope and date must travel with the conclusion.
Verify at the original source ↗Complete Research
Rishi Sondhi, Economist | 416-983-8806
Canadian home sales decline in August
- Canadian existing home sales fell 0.7% month-on-month (m/m) in August, weighed down by a drop in Ontario (-3.1% m/m) and declines in New Brunswick and Newfoundland and Labrador (average drop of about 4% across both regions). Elsewhere, sales were up notably in B.C. (+3.1% m/m) and were flatter in Quebec and Alberta.
- New listings advanced 3.3% m/m. With new listings rising and sales declining, the sales-to-new listings ratio slipped to 49.1% from 51.1% in July. Notably, the ratio remains well below the long-term average, pointing to modest price growth moving forward.
- Canadian average home prices rose 0.7% m/m – marking the 6th straight monthly gain. Prices were up notably in PEI (+4.8% m/m), Nova Scotia (+1.3% m/m), Alberta (+1.4% m/m), Ontario and B.C. (both up 0.8% m/m). In contrast, prices dropped 2.1% m/m in Manitoba and were flatter in Saskatchewan and Quebec.
- The MLS home price index, a more "like for like" measure, was down slightly in August, falling 3.0% on a year-on-year basis. Prices for detached and condo units were down 0.1% m/m.
Key Implications
- The string of five consecutive monthly Canadian home sales gains was broken in August, with the sharp rise in bond yields likely the largest contributor to the pullback in demand. At the same time, a fresh bout of trade related uncertainty may have weighed on the minds of some purchasers. And with yields climbing further in recent weeks, there's a risk that September's data comes in soggy as well.
- Yields are likely to remain elevated in the coming months, dampening momentum heading into next year. Accordingly, we look for broad-based decelerations in near-term price growth. In B.C. and Ontario, loose supply/demand balances should also depress prices, although conditions remain tighter elsewhere in the country.
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AI analysis
AI-generated from the report above · not a translation and not the institution's wording · verify against the official source
Cross-institution comparison · US10Y
| Institution / report | Published | Direction | Source-checked target | Horizon |
|---|---|---|---|---|
| TD Economics / TD SecuritiesCanadian Existing Home Sales (August 2026) | 09/15/2026 | Neutral | — | Not stated |
| NatixisInflation Rises, Rates Ease | 10/16/2026 | Bullish | — | Not stated |
| ING THINKfx daily inflation versus ai overbuild story dominates | 10/16/2026 | Neutral | — | Not stated |
| SMBCUS Macroeconomics · Joseph Lavorgna 2026 2027 2026 2027 | 10/16/2026 | Neutral | — | 2027 Q4 |
How this page was produced
Tlines extracted the conclusion, arguments, numbers and risks above from the report published by TD Economics / TD Securities on 09/15/2026, then structured them for comparison. The publisher's own wording is reachable through the source link on this page. Last updated 10/17/2026. Methodology · Source policy · AI usage · Request a correction