Canada's weak housing market start to 2026, debating whether January's 16.2% year-over-year sales decline signals a deeper slowdown or just winter seasonality.⁠⁠​
National weakness across metrics: Sales down 16.2% YoY, new listings up 7.3%, sales-to-new listings ratio fell to 45%, and HPI down 4.9% YoY⁠⁠​
Regional divergence: Ontario markets (Hamilton, Oakville) down double digits, while secondary markets like Quebec City and Sudbury show double-digit gains⁠⁠​Investor positioning:
Buyers have more negotiating leverage; sellers need to price correctly as multiple offers are limited to select markets

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Canada's weak housing market start to 2026, debating whether January's 16.2% year-over-year sales decline signals a deeper slowdown or just winter seasonality.⁠<a href="https://www.notion.so/CREA-2026-The-Coldest-Spring-Market-Ever-30477b52a03d805195dcdd9d6ffc3497?pvs=53#31377b52a03d80d0aa8ccc1f4fb8925d" data-token-index="1" data-citation-token-block-id="31377b52-a03d-80d0-aa8c-cc1f4fb8925d"></a>⁠​
<ul>
<li>National weakness across metrics: Sales down 16.2% YoY, new listings up 7.3%, sales-to-new listings ratio fell to 45%, and HPI down 4.9% YoY⁠<a href="https://www.notion.so/CREA-2026-The-Coldest-Spring-Market-Ever-30477b52a03d805195dcdd9d6ffc3497?pvs=53#31377b52a03d805494e1c144e068abc5" data-token-index="2" data-citation-token-block-id="31377b52-a03d-8054-94e1-c144e068abc5"></a>⁠​</li>
<li>Regional divergence: Ontario markets (Hamilton, Oakville) down double digits, while secondary markets like Quebec City and Sudbury show double-digit gains⁠<a href="https://www.notion.so/CREA-2026-The-Coldest-Spring-Market-Ever-30477b52a03d805195dcdd9d6ffc3497?pvs=53#31377b52a03d80d8a92edb27cd35224e" data-token-index="2" data-citation-token-block-id="31377b52-a03d-80d8-a92e-db27cd35224e"></a>⁠​Investor positioning:</li>
<li>Buyers have more negotiating leverage; sellers need to price correctly as multiple offers are limited to select markets</li>
</ul>
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The Podcast For Canadian Real Estate Investors.

The podcast features in depth discussion around investing in real estate, ongoing news in the Canadian real estate market, how to structure deals and grow your portfolio.
Show hosts Daniel Foch and Nick Hill bring experience, fresh takes, well-researched information and entertainment to a real estate investing podcast for Canadians.

The Podcast For Canadian Real Estate Investors.
The podcast features in depth discussion around investing in real estate, ongoing news in the Canadian real estate market, how to structure deals and grow your portfolio. Show hosts Daniel Foch and Nick Hill bring experience, fresh takes, well-researched information and entertainment to a real estate investing podcast for Canadians.

The Canadian Real Estate Investor

The Podcast For Canadian Real Estate Investors.

The podcast features in depth discussion around investing in real estate, ongoing news in the Canadian real estate market, how to structure deals and grow your portfolio.

Show hosts Daniel Foche and Nick Hill bring experience, fresh takes, well-researched information and entertainment to a real estate investing podcast for Canadians.

The Podcast For Canadian Real Estate Investors.
The podcast features in depth discussion around investing in real estate, ongoing news in the Canadian real estate market, how to structure deals and grow your portfolio.
Show hosts Daniel Foche and Nick Hill bring experience, fresh takes, well-researched information and entertainment to a real estate investing podcast for Canadians.