If you plan to buy or sell a home in Saint John this year, the national housing market offers some encouraging news. The Canadian Real Estate Association reports that home sales across the country climbed in June 2026. This marks the third consecutive month of growth and signals a stabilizing market for buyers and sellers alike.

The June Numbers

National home sales increased by 0.5 percent from May to June. This builds on a 5.5 percent jump in May and a 0.9 percent increase in April. Overall, national sales activity sits 7 percent higher than it did in March.

Source: Canadian Real Estate Association

While sales went up, the number of newly listed properties dropped by 1.3 percent. The national average sale price reached $696,078 in June. This represents a 0.5 percent increase compared to the same time last year.

Expert Insights

Shaun Cathcart, Senior Economist at the Canadian Real Estate Association, notes that the market continues to build momentum.

“Looking ahead, fixed mortgage rates have eased from their peak in April, and rate hikes from the Bank of Canada this year are much less likely than they were just a month ago,” Cathcart said. “This is good news for borrowers. Additionally, home prices are no longer falling in most of the markets where they were previously, which had likely been keeping a lot of buyers waiting on the sidelines.”

Garry Bhaura, Chair of the Canadian Real Estate Association, expects a busy fall market.

“The last couple of months have seen the return of more certainty around both interest rates and home values, along with an increasing number of buyers in the market,” Bhaura said.

What This Means for Your Next Move

The national sales to new listings ratio tightened to 50.2 percent in June. This indicates a balanced housing market. With 4.8 months of inventory available, buyers have options, and sellers see steady demand. If you want to list your property, the upcoming fall market presents a strong opportunity. Buyers benefit from stabilizing prices and favorable mortgage rate trends.

Frequently Asked Questions

Did home prices increase in June 2026?

The national average sale price reached $696,078 in June 2026. This is a 0.5 percent increase compared to June 2025.

Are mortgage rates expected to go up?

Experts state that rate hikes from the Bank of Canada are much less likely now. Fixed mortgage rates have also eased from their peak in April.

Is it a good time to buy a home?

The market currently sits in balanced territory. Stabilizing prices and easing mortgage rates create a favorable environment for buyers.