As someone who’s spent over three decades helping clients navigate the ins and outs of Canada’s real estate market, I’m always watching for shifts that matter. While we’ve seen promising signs of recovery since early Q2—resales picking up, inventory stabilizing, and price declines slowing—the outlook suggests a steady climb rather than a dramatic surge. Projections for 2026 indicate home resales could dip about 4% to 453,200 units, with benchmark prices easing roughly 2% to $794,200, even with recent positive momentum. Looking further ahead to 2027, the forecast points to a 7% bump in resales and a modest rise in benchmark values, just under 1% to $800,700. This paints a picture of gradual recovery, not a boom. A notable factor is pent-up demand, with estimates that more than 400,000 Canadian households have delayed forming since 2019. Of course, much will depend on how affordability, growth, and consumer confidence play out—especially since rates seem to have bottomed and global trade tensions remain a wildcard. Having guided clients through many cycles, I know that steady, informed decisions make all the difference in markets like this.
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