08/26/2026
Canada Mortgage Activity Shows Gradual Recovery
We’re starting to see signs of stabilization in Canada’s mortgage and housing activity, with national sales showing a small monthly increase for the first time in 2026—up about 6% from the previous month, even though they’re still roughly 5% below last year’s levels. Inventory remains tight, hovering below five months nationally, and while prices have steadied (average sale price is up about 2% year-over-year), many buyers are feeling the pinch of affordability, making careful choices about their next move. The sales-to-new-listings ratio is now close to 49%, reflecting a market that’s balancing out as new listings dipped by around 1% month-over-month. Benchmark prices held flat compared to last month but remain about 4% lower than a year ago across Canada. Mortgage volumes are projected to improve gradually heading toward late 2026, though with the central bank holding steady for now, the direction ahead is still a bit uncertain. For those navigating these shifts—especially if you’re a self-employed individual, a newcomer, or have unique financing needs—the right mortgage strategy can make all the difference. My approach as a Vancouver mortgage broker is to find solutions that fit your situation, no matter how complex.
