What is the current policy interest rate in Canada?

The current policy interest rate in Canada is 2.25%, as of January 28, 2026.

How often does CREA release monthly statistics on the Canadian housing market?

CREA releases monthly statistics on the Canadian housing market at the midpoint of each month.

Canadian Housing Market Update as of 2026-06-11

June 11, 2026

Introduction to the Canadian Housing Market as of 2026-06-11

The Canadian housing market is a complex and dynamic system, influenced by various factors such as interest rates, economic conditions, and government policies. As of 2026-06-11, the market is experiencing a slowdown in housing starts due to economic uncertainty.

What the latest official data says

According to the Bank of Canada, the policy interest rate has remained at 2.25% since January 28, 2026. The Canadian Real Estate Association (CREA) provides monthly statistics on the Canadian housing market, including sales data and average home prices. The Canada Mortgage and Housing Corporation (CMHC) releases a Housing Market Outlook report, which provides insights into the current state of the housing market.

What it means in practice

The current market trends have significant implications for renters, buyers, and sellers. With a slowdown in housing starts, buyers may face limited options, while sellers may need to adjust their pricing expectations. Renters may experience increased competition for available units, leading to higher rents. Here are three concrete takeaways:

The slowdown in housing starts may lead to a decrease in the supply of new homes, which could drive up prices in the long term.
Buyers should be prepared to act quickly when finding a suitable property, as the market is competitive.
Sellers should be aware of the current market conditions and price their properties accordingly to attract potential buyers.