Canadian home sales rise 0.5% in July for fourth straight gain - housing starts miss forecasts

Canadian home sales recorded over MLS Systems rose 0.5% in July 2026 from June, extending a four-month run of monthly gains, while newly listed properties fell 1.6%, the national sales-to-new listings ratio tightened to 51.3%, and the National Composite MLS HPI edged up 0.1% for its first monthly increase since November 2024. Separately, Canada Mortgage and Housing Corp. said housing starts fell 4.9% to a seasonally adjusted annual rate of 229,074 units, below a 248,000 forecast, with weakness in Toronto and Vancouver partly offset by Montreal, while completions rose and highlighted an uneven housing recovery.

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