Introduction to the Canadian Housing Market Update as of 2026-06-13

The Canadian housing market is constantly evolving, and understanding the latest trends and statistics is crucial for buyers, sellers, and renters. In this update, we will explore the current state of the housing market, including the latest data from the Bank of Canada, CREA, and Statistics Canada.

What the latest official data says

According to the Bank of Canada, the policy interest rate has remained at 2.25% since January 2026. The Canadian Real Estate Association (CREA) reports that the national average home price has decreased, while the number of homes sold has also declined. Statistics Canada's latest data shows that the homeownership rate in Canada is 66.5% as of 2021, and the shelter cost-to-income ratio is 20.9%.

What it means in practice

The current housing market trends have significant implications for buyers, sellers, and renters. With the slowdown in housing starts, buyers may have more negotiating power, while sellers may need to adjust their prices. Renters may face increased competition for available units, leading to higher rents. Here are three key takeaways from the latest data:

• The housing market is experiencing a slowdown in housing starts due to economic uncertainty.
• The national average home price has decreased, and the number of homes sold has also declined.
• The homeownership rate in Canada is 66.5%, and the shelter cost-to-income ratio is 20.9%.

Sources

For more information, please visit the following sources: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ https://www.crea.ca/housing-market-stats/canadian-housing-market-stats/ https://www.statcan.gc.ca/en/subjects-start/housing