The Daily Canuck 17.07.2026

Research evidence excerpt

The Daily Canuck 17.07.2026

Canada | Financials EquityJulyResearch17, 2026

Figure 1 - Monthly Home Sales vs. 10YThe Daily Canuck 17.07.2026

Monthly Moving Average

80,000

70,000On top of reasonably positive Bank of Canada commentary earlier this week, 60,000

housing data provides additional positive (or at least, non-gloomy) outlook. 50,00040,000

Housing sales volumes appear to be picking up momentum while prices may be 30,00020,000

10,000

0stabilizing. We may be seeing green shoots ahead of a more normalized 2027. 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

What you need to know:

Yesterday, we published our summary note on CREA's home sales activity and average prices•

data, as well as CMHC's housing starts data for the month of June. Overall, home sales activity

continued to climb in June while new listings fell back, driving sales-to-new-listings ratio further

up. Although the average home sales price edged lower from May, it remained above last

year for the third consecutive month, reinforcing signs that home prices have stabilized. CREA

expects home sales activity to improve further in the second half of the year, as price stability

could attract buyers waiting on the sidelines. For full details, see our note "Housing Market

Chartbook: More Signs of Price Stability Could Spur Buyer Demand".

On the macro front, June inflation data is due on Monday and will provide much-anticipated•

insight into the extent of the impact from elevated oil prices.

Headlines

No sharing of Gordie Howe bridge tolls until debt is repaid, Carney says Yesterday, Global News

reported that Canada will keep all Gordie Howe bridge toll revenues until its $6.4B construction

debt is repaid.