What July's housing data reveals about Canada's divided market

Canada's housing markets showed varied trends in July 2026. Toronto and Ottawa saw signs of recovery with rising resale activity and stabilizing prices, though sales remain below pre-pandemic levels. Vancouver's slump deepened with falling resales and prices due to affordability and population issues. Calgary faced a supply crunch as new listings dropped, limiting buyer options despite easing price declines. Montreal experienced a soft landing, while Edmonton and Halifax showed turnarounds.