National home sales across Canada fell 10.7 per cent in November compared with the same month last year, reflecting a housing market that has largely entered a holding pattern as the year closes. A total of 33,895 properties changed hands, and sales were also slightly lower from October on a seasonally adjusted basis. The actual national average sale price in November was $682,219, a two per cent decline from a year earlier. The Canadian Real Estate Association’s home price index edged down month-over-month and was 3.7 per cent lower year-over-year. New listings declined modestly month-to-month, while total active listings were up from a year earlier but still below the long-term average. 
Views on future activity were mixed. CREA’s senior economist noted that clearer signals on borrowing costs could encourage activity next year. Some industry observers questioned the timing of a recovery, citing broader economic pressures dampening buyer motivation. Opinions from economists and brokers suggested ongoing challenges, with some expecting gradual improvement through 2026 supported by pent-up demand, while others saw continued hesitation among buyers, especially first-timers.
Source: CTV News
