MARKET UPDATES

Canadian Retail Sales (April 2026)

Canadian retail sales increased by 0.5 per cent to $73 billion in April compared to the previous month. Retail sales were 3.7 per cent higher compared to the same time last year. However, core retail sales, which exclude gasoline and automobile items, decreased by 0.7 per cent in April. In volume te

Canadian Housing Starts (May 2026)

Canadian housing starts decreased 6 per cent from the previous month, totaling 261,377 units in May at a seasonally adjusted annual rate (SAAR). Starts were down 6 per cent from the same month last year (SAAR). In areas with 10,000 or more residents, single-detached housing starts were largely uncha

Sales Struggle Against a Weak Economy and Rising Mortgage Rates

The British Columbia Real Estate Association (BCREA) reports that 6,790 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in May 2026, down 2 per cent from May 2025. The average MLS® residential price in BC in May 2026 was down 1.4 per cent at $945,878 compared to $959