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June 2026 housing market: what the data actually says

A few things happened in the housing market in June that are worth knowing about.

👉 Home sales are climbing. According to CREA, national home sales are forecast to reach 509,479 this year—a 7.7% increase year-over-year. As one real estate analyst put it, demand has been "delayed and dampened, but not derailed." Buyers are coming back.

👉 The Bank of Canada held rates (again). On June 10th, the Bank of Canada held its overnight rate at 2.25% for the fifth consecutive decision. The next announcement is July 15th, and there's genuine uncertainty about which direction things move from here. Some economists see a hold through year-end. Others aren't ruling out a cut or a hike, depending on how inflation and trade uncertainty play out.

👉 Variable rates are sitting around 3.3% at some lenders. Fixed rates are 4% or higher, pushed up by bond market volatility tied to global uncertainty. The gap between variable and fixed is wider than it's been in a while.

What does all of this mean?

It’s not a crash and it’s not a frenzy. We're in a market that’s rebalancing.

Which means there are real opportunities for both buyers and sellers—if they're working with the right strategy and the right information.

If you're wondering what any of this means for your specific situation, just reply to this email.

We're happy to take a look at what's happening locally and walk you through it.

Talk soon,
CHRIS, PATRIC, JULIE, JASMINE, KRISTI & BRELL

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