The inventory turn, in charts you can touch.

Every chart on this page is a live view of the same feed any Homie can read. Copy the prompt, paste it into Homies (or any AI with web access), and answer four questions — your market, your audience, whether to gate the full report behind a lead-capture form, and whether you want an Instagram carousel or story. Version 2 does what this page does for your market: it measures homes for sale against 2019, calls the market buyer’s, balanced or seller’s from the seasonally adjusted ratio, breaks out detached, townhouse and condo medians where CREA publishes them, and closes with what to tell sellers and buyers. New to the idea? Start with the guide to AI market reports for realtors .

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CREA publishes in two steps. The press release on the 15th carries the national numbers and a table of about thirty markets — sales, prices, new listings. That was Tuesday’s report : sales down 6.9 per cent, an average price of $668,219, and a country split in two on price. The full data package follows a few days later, and it holds what the release leaves out: active listings for every market, the other seventy-odd boards, seasonally adjusted series at the board level, and median prices and days on market by property type. It loaded into the feed this morning. Every price and sales figure from Tuesday was confirmed to the dollar; what follows is everything Tuesday could not show.

Tuesday’s thesis was “two Canadas”: Ontario and British Columbia still repairing, everyone else above their 2022 prices. The inventory data says the same thing about levels — and the opposite about direction.

There were 199,943 homes for sale across Canada at the end of August, 1.4 per cent more than a year ago and the most for any August since 2019. A flat number, and a misleading one. Ontario’s inventory is down 3.9 per cent from last August and British Columbia’s is down 5.2 per cent — the sixth consecutive year-over-year decline in both — while Quebec’s is up 18.8 per cent, Manitoba’s 16.9 and Nova Scotia’s 13.6. Twelve months ago those signs were reversed. The levels are still worlds apart: Ontario has 46 per cent more homes for sale than in August 2019, and every province from Alberta east except Prince Edward Island has 15 to 57 per cent fewer. But for the first time since the correction began, the gap is closing from both ends.

CREA treats a seasonally adjusted sales-to-new-listings ratio between 45 and 65 per cent as balanced. Run that test on every board in the package and the country sorts into 35 buyer’s markets, 35 balanced and 22 seller’s. Thirty of the 35 buyer’s markets are in Ontario — Toronto, York Region, Mississauga, Durham, London, Barrie, Windsor-Essex, Kingston and most of cottage country — joined by Greater Vancouver, the Fraser Valley and three small boards elsewhere. The seller’s markets are the mirror image: Regina, Saskatoon, Lethbridge, Medicine Hat, Fredericton, Cape Breton, Thunder Bay. A year ago there were 27 of them. The big provinces tell the same story — every one moved toward the middle:

Quebec is the largest single move in the package: from a seller’s market to the middle of the balanced range in twelve months, on new listings up 12.7 per cent and sales down 7.3.

CREA’s unit statistics break 75 boards out by property type — median and average price, sales and days on market for detached, semi-detached, townhouse and apartment. (Toronto and Calgary are not in this dataset; the TRREB report covers the GTA by home type.) Single months are noisy for thin segments, so the comparisons below average June through August against the same three months of 2025.

The other number worth carrying into a listing appointment is time. Median days on market were longer than a year ago in 21 of the 28 largest boards in the dataset — Edmonton 29 days against 25, Greater Vancouver 29 against 26, Hamilton-Burlington 32 against 27, Waterloo Region 26 against 20 — including markets where prices are still rising. Homes are taking longer to sell almost everywhere; what differs is whether the price holds while they wait.

Three conversations the data supports. None of them is a forecast — each is what the August numbers say, and nothing past them.

The honest risk to all three: rates. The Bank of Canada’s overnight rate is 2.25 per cent and the posted five-year is 6.09, and CREA’s own economist noted on Tuesday that markets have priced in a hike. Falling inventory with falling sales is a truce, not a turn in demand — a rate move in either direction ends it.

All figures are from the Canadian Real Estate Association’s August 2026 data package (aggregate and unit statistics), loaded into the Homies Stats feed on September 18, 2026. Levels and year-over-year changes are actual (not seasonally adjusted) residential figures, the same basis as CREA’s board tables; market-balance readings use CREA’s seasonally adjusted sales-to-new-listings ratio and months of inventory, with boards classified on the ratio rounded to one decimal against the 45–65 per cent band. Ottawa sits exactly on the line at 45.0 and is counted as balanced. “Canada” is the sum of the provinces and territories. Inventory is indexed to August 2019 so that both ends of the comparison are the same month. Property-type comparisons average three months of medians; the “28 largest boards” are those with at least 250 sales in August in the unit statistics, which exclude Toronto and Calgary. Year-over-year comparisons use figures as first reported. Charts are live embeds of the Homies Stats explorer , so they will move on when CREA’s September package arrives in mid-October; the captions describe August. Mortgage and policy rates are Bank of Canada data via the same feed.