PrintScotiabank Says Canadian Home Resales Fall again Amid A Harsh Winter, Other Factors
BY MT Newswires | ECONOMIC | 08:34 AM EDT08:34 AM EDT, 03/17/2026 (MT Newswires) -- Canadian existing home sales fell by 1.3% month-over-month seasonally adjusted (SA) in February for the fourth straight decline and fifth in the past six months, said Scotiabank after Tuesday's data from the Canadian Real Estate Association (CREA).
The reason could be that a really bad winter this year may have hammered the last few months, or uncertainty, or no population growth, or that there are few folks who move at this time of year in this climate, noted the bank.
New listings fell 3.9% month over month and the sales-to-new-listings ratio climbed a bit to 47.6% versus 46.4% prior.
Months supply was unchanged at the long-run average of five months. Quality adjusted prices were a little lower, or down 0.6% month-over-month SA, and are now down by 4.8% year over year.
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