The Daily Canuck 17.06.2026

Research evidence excerpt

The Daily Canuck 17.06.2026

Canada | Financials EquityJuneResearch17, 2026

Figure 1 - Monthly Home Sales vs. 10YThe Daily Canuck 17.06.2026

Monthly Moving Average

80,000

70,000The G7 meetings continue, with Prime Minister Carney apparently scoring some 60,000

points with President Trump. That said, uncertainty still remains with the latest 50,00040,000

ceasefire agreement still unsigned and details yet to be officially released. 30,00020,000

10,000

0However, the impact on energy prices should be felt, if the truce can hold. Jan-07 Jul-09 Jan-12 Jul-14 Jan-17 Jul-19 Jan-22 Jul-24

. Home Sales 10Y Mthly Moving Avg

Source: Canadian Real Estate Association; Jefferies

** Join us for our Canadian Bank Walking Tour on June 23 **

What you need to know:

Yesterday, CREA released home sales activity data in Canada. Home sales activity jumped•

5.5% in May, driving sales-to-new-listings ratio higher to 49.2% and months of inventory lower

to 4.8. With seller's and buyer's expectations increasingly aligned, home sale prices have

also stabilized in May, rising 1.0% m/m. As highlighted by CREA, the handoff from May into

June is typically the busiest time of the year. Combined with lower expectations of rate cuts

in 2026 and new supply drying up, home sales activity and price momentum could carry

into the summer. For more details, see our note "Housing Market Chartbook: Will the Spring

Momentum Carry into the Summer?".

On the macro front, Statistics Canada will release May New Housing Price Index today, May•

RMPI and IPPI tomorrow, and April Retail Sales data on Friday.

Headlines

Carney, Trump heard talking Chinese EVs on hot mic at the G7 summit (The Canadian Press)

Yesterday, The Canadian Press reported that Mark Carney was caught on a hot mic telling Donald