Looking ahead to what’s next for Canada’s housing market, I’m closely watching the early signs of recovery we’ve started to see—resale activity is picking up, inventory is holding steady, and prices are stabilizing. These shifts are tied to improving affordability and a stronger employment landscape, which are gradually restoring confidence among buyers. Many have been waiting on the sidelines, but with healthier savings and more secure jobs, they now seem ready to re-enter the market. For 2026, the forecast points to a slight dip in resales (down about 4% to 453,000) and a modest decrease in benchmark prices (down around 2% to $794,000), but we’re expecting to see gains return by 2027. Borrowing costs are hovering near their lows and the central bank appears poised to keep rates steady, though we’re mindful of ongoing risks like global trade tensions and energy shocks that could affect momentum. By 2027, the expectation is for both resales and prices to rise across all provinces, even if the recovery remains uneven rather than dramatic. As someone who works with both residential and commercial clients—and invests personally in this market—I’m tracking these trends closely to help clients navigate their next steps with clarity and confidence.
Leave a Reply