CMHC expects housing conditions to improve gradually in 2027 as incomes and economic growth strengthen.
Sales should recover, but CMHC expects activity to remain below the typical levels seen during the previous decade.
CREA forecasts only modest national price growth, suggesting stabilization rather than another major price surge.
Higher inventory and weaker demand in some markets could continue giving buyers more negotiating room.

The Bank of Canada has chosen to maintain its key rate at 2.25%. This decision comes as the country’s economic recovery continues to take shape—Q2 GDP growth reached 3.3%, and unemployment declined to 6.4% as of July. As someone deeply involved in both residential and commercial real estate across Greater Vancouver, I keep a close eye on these indicators. Policy shifts like this one not only impact mortgage costs but also influence investor sentiment and long-term strategy. The next Bank of Canada rate announcement is scheduled for October 28, 2026, at which point inflation and broader economic conditions will be reassessed. Staying informed on these changes is essential for anyone planning their next move in our dynamic market.

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.

Labour Day in Canada marks a well-earned break celebrating workers and the unofficial end of summer, when everyone suddenly remembers all the things they meant to do in August.
It’s the last big excuse for barbecues, lake trips, and squeezing in one more summer adventure before routines and school schedules take over again.
Stores and sidewalks feel a little calmer, while patios and parks get their final big rush of summer energy and “just one more weekend” vibes.
Happy Labour Day! Wishing you a relaxed, fun-filled long weekend with good food, no alarms, and maximum enjoyment before fall shows up uninvited.

Research local schools even if you don’t have kids — they influence home values.
Consider internet availability and speed, especially for remote work or streaming needs.

The Bank of Canada is currently holding at 2.25%, but several major-bank forecasts now anticipate gradual increases during 2027.
Stronger economic growth could give policymakers more room to normalize rates if inflation pressures remain persistent.
Higher rates would raise borrowing costs for households and businesses while potentially improving returns on savings and fixed-income investments.
Investors may need to prepare for a less accommodative environment, balancing improving growth against renewed interest-rate pressure.