February saw 3,868 home sales, while new listings ↓17.7% to 10,705.
Seasonally adjusted, February sales and new listings ↓ MoM vs January; listings ↓ faster.
Average selling price just over $1M, ↓7.1% from February 2025.
TRREB urges targeted federal and provincial action to boost 'missing middle' home construction.
TRREB cites 100,000+ buyers waiting; momentum could return in second half of this year into 2027.
CMHC says development charge cuts could boost housing starts 14%
Scrapping municipal development charges could boost housing starts by up to 14% in expensive Canadian markets like Burnaby, Vancouver, and Toronto. Reducing or eliminating these fees makes more construction projects financially viable, especially in high-cost...
