Canadian Home Sales Record Four-Year High
AI Article Summary
Canadian home sales reached a four-year high in September, despite a month-over-month decline of 1.7% in MLS system sales. The decrease was mainly due to reduced activity in cities like Vancouver, Calgary, and Montreal, although Toronto and Winnipeg saw increases. The national average sale price rose slightly by 0.7% annually, while inventory levels remained tight with 4.4 months of supply. The Canadian Real Estate Association anticipates further sales growth into the final quarter of the year and into 2026.
What This Means for Canadian Contractors
For Canadian builders, this means there might be an uptick in residential construction demand as buyers return to the market. The tight inventory levels suggest potential challenges in meeting this demand promptly, potentially affecting timelines and costs. Builders should also monitor material and labor availability closely to capitalize on the expected market growth.
