Canadian Home Sales Hold Steady As Market Moves Into The New Year
AI Article Summary
Canadian home sales remained stable in November, with a slight decline of 0.6% from the previous month. Although sales activity is higher compared to earlier in the year, it has plateaued since July. The national average sale price decreased by 2% year-over-year, and inventory levels have been stable but below the long-term average. Market attention is now shifting toward 2026, with the expectation of a better spring market.
What This Means for Canadian Contractors
For Canadian builders, this means that the current market stability could lead to a steady demand for residential construction projects. Although price concessions are impacting potential revenue, stable inventory and sales patterns suggest manageable project timelines and budgets. Builders should prepare for an expected upturn in the spring by securing permits and materials early to avoid potential supply chain issues.
