National housing sales experienced a significant increase in May 2026, marking a partial recovery from the prior six-month slump. Despite this, the MLS House Price Index remains in a downward trend as the market balances.
Key Takeaways
- 1.National housing sales increased by 5.5% in May, showing signs of recovery from the November-to-March decline.
- 2.Market conditions tightened as national sales rose and new listings declined, though prices continue to edge downward.
Table of Contents
- Canadian Home Sales — May 2026
- Summary
- Implications
- Scotiabank Housing Market Watch—May 2026
- MLS Home Price Indices — Western Canada
- MLS Home Price Indices (cont.) — Eastern Canada
- MLS Home Price Indices (cont.) — Eastern Canada and Canadian Aggregate
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Authors
Patrick Perrier
Themes
Housing Market RecoveryMarket Tightening
Regions
North AmericaCanada