CREA revises down 2026 home sales forecast again as September transactions fall 7.7% over same month last year - CBC
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BusinessThe potential for rate hikes by the Bank of Canada and already-increasing fixed-rate mortgages are weighing on prospective buyers, according to CREA, leading the association to revise down its forecast for 2026. Those factors were already showing up in September, when home sales fell 7.7 per cent compared to the same month a year prior. Possibility of interest rate hikes and global uncertainty causing potential buyers to hold off, experts sayAbby Hughes · CBC News · Posted: Oct 16, 2026 5:00 AM EDT | Last Updated: 8 hours agoListen to this articleEstimated 3 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. A home for sale in Toronto’s east end, pictured on May 7. CREA downgraded its 2026 home sales forecast again as the number of homes that changed hands in September fell. (Evan Mitsui/CBC)The Canadian Real Estate Association (CREA) has revised down its projection for 2026 home sales for the third time this year, while monthly data shows sales across Canada fell in September.
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