MARKET UPDATES

Home Sales Expected to Rise in 2027

 The British Columbia Real Estate Association (BCREA) released its 2026 Third Quarter Housing Forecast Update today.   Multiple Listing Service® (MLS®) residential sales in BC are forecast to fall 1.2 per cent to 69,325 units this year. In 2027, MLS® residential sales are forecast to move higher, ri

Canadian Housing Starts (July 2026)

Canadian housing starts decreased 5 per cent from the previous month, totaling 229,074 units in July at a seasonally adjusted annual rate (SAAR). Starts were down 22 per cent from the same month last year (SAAR). In areas with 10,000 or more residents, single-detached housing starts were down 7 per

Canadian Inflation (July 2026)

Canadian prices, as measured by the Consumer Price Index (CPI), rose 3.0 per cent on a year-over-year basis in July, following a 2.8 per cent increase in June. On a seasonally adjusted monthly basis, the CPI was up 0.3 per cent in July, equivalent to a 3.6 per cent increase on an annualized basis. T