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Canadian Home Sales Plummet 16.2% Amid Severe Winter Storm

2/18/2026

27 5 Full Breakdown

Summary

Story summary

The Canadian Real Estate Association (CREA) reports home sales fell 16.2% in January 2026.
Newly listed properties rose 7.3%, while sales fell 5.8% from December 2025.
Cathcart attributed the decline to the severe winter storm, noting the drop is concentrated in the Greater Golden Horseshoe and Southwestern Ontario.
He added that many potential buyers could not access properties during the winter storm.

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Story summary

The Canadian Real Estate Association (CREA) reports home sales fell 16.2% in January 2026.
Newly listed properties rose 7.3%, while sales fell 5.8% from December 2025.
Cathcart attributed the decline to the severe winter storm, noting the drop is concentrated in the Greater Golden Horseshoe and Southwestern Ontario.
He added that many potential buyers could not access properties during the winter storm.