Is Canada’s Housing Market Moving Toward Balance in 2026?

Canadian home sales fell 5.8% MoM and 16.2% yearly in January 2026.
New listings climbed 7.3%, lowering the sales-to-new-listings ratio to 45%.
Months of inventory rose to 4.9, nearing the 5-month balanced benchmark.
The MLS Home Price Index declined 0.9% MoM and 4.9% yearly.
The Bank of Canada held its policy rate at 2.25% as CREA forecasts a 5.1% sales rise in 2026.