CREA data shows home sales up 0.5% while new listings fall 1.6% — regional markets shift toward balanced territory

Recent data from CREA paints a picture of a Canadian housing market moving toward a more balanced state. Home sales have edged up by 0.5%, while new listings have dipped by 1.6%, bringing the sales-to-new listings ratio to 51.3%. Inventory remains tight, holding at just 4.7 months, and prices are showing stable, modest growth. For those navigating regional markets, these shifts reflect a move toward balanced conditions—something both buyers and sellers should keep in mind. In Greater Vancouver, where I focus on providing honest, upfront advice, understanding these subtle market changes is essential for making confident, well-informed decisions.